Category: Insights

As New Yorkers approach retirement age, the importance of proactive estate and Medicaid planning becomes increasingly evident. With rising long-term care costs, complex asset protection laws, and the intricacies of New York’s probate system, developing a comprehensive plan can mean the difference between preserving a legacy and seeing hard-earned assets consumed by unforeseen expenses. One…

As healthcare costs continue to soar, Medicaid planning will emerge as a crucial priority for seniors in 2025. The escalating expenses of medical care, particularly for long-term and home-based services, are compelling many individuals to take proactive steps to secure their financial future while preserving access to essential care. This urgency is heightened by the…

If you are a homeowner in your 50’s or older, my advice to most of you is to transfer your home into an Asset Protection Trust.   Having you name on the deed (title) of the home exposes you to risk of lawsuits, creditors like Medicaid and nursing homes, and of course your heirs will have…

Are you considering integrating your mortgaged property into a Trust but not certain if this is possible? The short answer: yes, you can. However, like any legal matter, there are many nuances and variables to consider and that may change the affirmative answer. Let’s delve into the details to shed light on the path ahead.

Embarking on the journey to retirement is like charting a course through a complex maze—full of twists, turns, and potential pitfalls. As a seasoned New York elder law attorney, I’m here to be your guide, helping you navigate the intricacies of retirement planning.

New York State Estate Tax & Strategies to Mitigate In 2022, the New York estate tax exemption is $6,110,000 (up from $5.93mm in 2021). This means that a New Yorker passing away with more than the exemption amount (or a non NY resident with tangible or real property in NY in excess of the exemption)…