Fair doesn’t mean equal in estate planning

When planning an estate, most often parents distribute their assets equally among their children. If it’s their goal to be fair to each child, it does not necessarily mean leaving your assets equally to each child. Sometimes special circumstances need to be taken into consideration. Read More …

6 costly estate-planning minefields, and how to avoid them

Over the years many celebrities have provided cautionary estate-planning lessons, and actor James Gandolfini, who died in June 2013 at age 51, is no exception. The actor, known for portraying mob boss Tony Soprano, left a portion of his estate, widely estimated at $70 million, Read More …

Elder Law: The Medicaid Application Is A Tough Process

When it’s time for a loved one to move into a nursing home, it is often a wise strategy to apply for long-term care Medicaid benefits in order to offset the burdensome costs of their stay there. However, there are many personal and financial issues Read More …

Long-term care issue hits close to home for Sen. Warner

Five years after U.S. Sen. Mark Warner’s mother died of Alzheimer’s, he is still haunted by what he might have done differently for her – if only he had known her wishes. When the disease first took hold of Marjorie Warner in about 2000, her Read More …

Parents should know the ABCs of special needs trusts

We all want to provide for our children, and perhaps even leave a little something behind to help lighten their load after we’re gone. But when you’re the parent of a disabled child who may outlive you, the importance—and complexity—of putting financial safeguards in place Read More …

Medicaid Fraud and what to do if you received HRA letter

NY Top Medicaid Fraud Attorney Inna Fershteyn on RTVI with Marina Levinzon discussing Medicaid Fraud and what to do if you received HRA letter http://www.BrooklynTrustAndWill.com | http://www.advanced-legal.com ——————————————————————————– Languages: English, Russian speaking attorney Areas of Practice: Estate Planning, Asset Protection, Medicaid Fraud investigations, Medicaid Planning, Read More …

5 ways to avoid getting ‘sandwiched’ by parents and kids

The “sandwich generation” is a term coined for families squeezed between taking care of an aging parent and raising young children or supporting adult children. This is becoming all too common with about one-in-seven middle-aged Americans taking on financial responsibility for both a parent and Read More …

Shocking NYC murder highlights need for estate planning contingencies

Case serves as a reminder that advisers need to plan for events in which a beneficiary becomes unable to inherit. A recent murder case is bringing so-called “slayer statutes” into the limelight and making the case for planning for contingencies in the event a named Read More …