Although nursing homes exist in almost every community across the United States, most of us fail to recognize that we may need long-term care as we age. This is troubling for two reasons. First, a significant portion of the population will end up in a nursing home....
PLEASE NOTE: We are able to fully assist you during these difficult times. We are offering our clients and prospective clients the ability to meet with us via telephone or through video conferencing. Please call our office at 914-948-1500 so that we may assist you.
We are pleased to announce the reopening of our White Plains office location for in-office meetings. We are following the applicable New York State regulations for Phase 2 re-openings. These regulations limit in-person gatherings, so although we will hold a select number of in-person meetings, we will continue to encourage telephone and video-conference meetings whenever possible. We have implemented health and safety procedures for all staff, as well as those clients who come into the office. Please click here for in-office meeting procedures.
Month: October 2017
What is an irrevocable life insurance trust?
An irrevocable life insurance trust (ILIT) is a special trust designed to counteract a lot of problems that can arise relating to life insurance. One of those problems relates to a large life insurance policy that triggers unplanned estate tax consequences. Another...
Many cases of nursing home abuse going unreported
Deciding how to care for an aging loved one can be excruciatingly difficult. For many, though, the only option they have is to place their loved one in a nursing home. There is nothing wrong with this decision, and, in fact, most nursing homes provide competent and...
How to put assets into a living trust
Creating a trust can be a great way to engage in estate planning that protects a family's assets. It can not only provide financial security for an individual and his or her beneficiaries, but it can also provide peace of mind. In order to create a valid trust,...
What “magic words” are needed to create a special needs trust?
If you have a child with special needs - one who cannot care for himself or herself without adult assistance - what will happen when you're no longer around to help? Perhaps a relative will be available to help your child. Or, maybe no one will be able to fulfill your...
How expensive is long-term care?
When it comes to saving money, we all often think we have more time than we really do. This is true with both estate and care planning. The costs associated with long-term care can be staggering, which means that the time to start saving is now. Those who fail to take...