The Importance of Trusts and How They Can Help Families

By Alan D. Feller, Esq. The COVID-19 crisis has exemplified how loss of control can destabilize families.  Besides work and school interruptions, institutional shutdowns complicated the regular flow of legal and transactional activity.    Estate plans reliant on court intervention...

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Biden Enacts New Unemployment Compensation Exclusion. How This Impacts You.

By Salvatore Di Costanzo As many of you know, I practice as a tax accountant as well as an elder law and estate planning attorney.  This blog is an example of the interdisciplinary nature of my practice. On March 11,...

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Estate Planning for Your Collections May Be a Smart Decision to Make

By Alan D. Feller, Esq. COVID-19 has altered how we spend our time. Most forms of socialization were scaled back or continued virtually. The forced isolation reignited a passion for hobbies and collecting. While breadmaking, gardening and crafting received the...

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Essential Tips for Solo Agers During Unprecedented Times

By Sal M. Di Costanzo Are you a solo ager, or in some circles, an “elder orphan?”  A solo ager is typically defined as a single, childless baby boomer. Someone may have children, but there is no relationship, or in...

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Time Running Short to Protect Assets, Qualify for Medicaid Home Services

By Sal M. Di Costanzo Many of you who watch my biweekly Facebook Live videos already know that Medicaid eligibility has recently become even more challenging.  As if dealing with the COVID-19 pandemic wasn’t enough, on Apr. 2, Gov. Cuomo’s...

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Can Taking Advantage of Gift Tax Exclusion Wreck Medicaid Eligibility?

By Salvatore M. Di Costanzo Dear Mr. Di Costanzo, Is it true I can gift $15,000 without jeopardizing Medicaid eligibility for nursing home care? This is a question I’m continually asked, so I’m glad I have another opportunity to clear...

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Is a Revocable Living Trust Necessary?

By Salvatore M. Di Costanzo In certain circumstances, a revocable living trust must be strongly considered.  To determine if a revocable living trust is an appropriate necessity, one must first understand its purpose.  Unlike a Last Will and Testament (“Will”),...

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