Congressional efforts to revise the country’s mail service might come at the cost of an even more nuanced issue involving Medicare. The Postal Service Reform Act of 2022 would help to free post office costs by resolving the unusual and challenging legal requirement to fund 75 years of retirement health…
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New York Estate Planning & Elder Law Blog
Utilizing Trusts to Reduce Taxes Faced by Your Legacy
Many people are curious about what happens after they are no longer able to manage their assets. Many chances are created when it comes to estate planning arrangements and trusts play a large role in estate planning. If you choose wisely, trusts fortunately can prove to be an excellent way…
Bear Markets and Estate Planning
Earlier in 2022, the stock market entered what is referred to as a bear market, which happens when the market drops more than 20% lower than a recent high. Financial experts have cited various reasons why the market has declined including, but not limited to, the war between Russia and…
Utilizing Estate Planning for the Digital Future
People interested in estate planning are increasingly placing digital asset clauses in their estate planning documents. This unfortunately adds another layer of complexity to estate planning. As focus in digital assets becomes more popular, the need for adequate estate planning also increases. People want to make sure that their financial…
The Impact Covid Has on Long-Term Care Insurance
Over the last few years, Covid-19 has caused many people to think deeply about health issues. Now that the height of the pandemic has passed, many people are left wondering how this has impacted long-term care insurance. A noticeable increase in long-term care insurance has occurred following the summer of…
Deciding Whether Your Senior Loved One Needs an Elder Law Attorney
Choosing to retain the services of an experienced elder law attorney is not a light decision, but instead is often the result of great consideration. Unfortunately, deciding whether or not to retain an elder lawyer can result in a great amount of uncertainty as well as anxiety for the elderly…
Estate Planning Issues to Consider Before Getting Married
In contrast to what many people think, the best estate planning considers all aspects of your life instead of only the end. The estate planning process requires thinking about what is important to you as well as your expectations for loved ones. Prenuptial agreements, which a person enters into…
Understanding the Reality of Revocable Trusts
Imagine you’ve finally met with your attorney to establish an estate plan and are now considering whether to establish a trust. Or a situation where you already have an estate plan that includes a revocable trust. In today’s world of estate planning, revocable trusts have proven to be a common…
Remember to Learn Your Parent’s Finance Plans
The unfortunate truth is that everyone’s parents will ultimately pass away even though the average life expectancy is increasing. While some of our parents pass away while we are children, other people lose their parents when they are adults. Even though this is a grim reality, it is best to…
Nursing Homes See Loss of Deficiency Appeals
Nursing Homes See Lost of Deficiency Appeals The Nursing Home regulations permit nursing homes to appeal a deficient issue for which they are cited for not meeting federal care standards in situations where the Centers for Medicare & Medicaid Services implements a fine against the deficiency. The Center for Medicaid…