East Setauket, NY
Estate planning Lawyer at East Setauket, NY
Practice Areas: Estate Planning, Elder Law, Trusts
My mother has a Medicaid income-only trust and her house is owned by this trust. She purchased the house in 1980 for $30,000. It's now worth $400,000. Does she lose the capital gains exemption of $250...
See Full GuidePlanning for high net worth clients often involves gifts to charities.For clients that are philanthropically inclined, there are tremendous opportunities available before 2013 which will reduce estate ...
See Full GuideWe know that the current federal gift and estate tax exemption is $5,120,000.In addition, New York State currently has no transfer tax for lifetime gifts.Thanks to the confluence of low income tax and ...
See Full GuideQuestion: I have heard that the proposed New York State budget changes may place seniors in jeopardy when it comes to qualifying for Medicaid benefits. Can you give me some information about the propo...
See Full GuideBecause the deadline for STAR applications in Suffolk County is March 1, 2011, we think that this is the perfect time to explain the different STAR exemptions that are available to homeowners in New Yo...
See Full GuideThe income levels and figures for determining Medicaid Eligibility will remain the same for 2011. Social Security and SSI benefits are not set to increase for 2011 and accordingly, medically needy inc...
See Full GuideThe government often utilizes tax credits and tax incentives as a way to encourage "good behavior" in the general population. For instance, in the 70's, Congress passed sweeping legislation wh...
See Full GuideQuestion: My wife recently suffered a heart attack, underwent a cardiac catheterization and bypass surgery after which he suffered a stroke. After seven days of hospitalization she was transferred to ...
See Full GuideWhile people are aware of the importance of execute a Last Will & Testament, they are often of the mindset that it is something to be done as they get older and as a result it gets put off. For the sa...
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