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Factors impacting trust planning

Factors impacting trust planning

It is well established that living trusts are a good estate planning vehicle. Living Trusts can be used to achieve most of your estate planning goals. Trusts can be used to minimize estate and income taxes, avoid probate, and protect assets from Long Term Care Expenses such […]

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Gifts to Grandchildren

Gifts to Grandchildren

Gifting assets to your grandchildren can do more than help your descendants get a good start in life; it can also reduce the size of your estate and the tax that will be due upon your death. Perhaps the simplest approach to gifting is to give the […]

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What are my closing costs if I sell my home?

What are my closing costs if I sell my home?

Anytime you sell real property, you will incur closing costs. In this article I will try to briefly outline these costs. Closing costs should not be confused with Capital Gains Taxes, which are income taxes payable by a seller based on the seller’s profit and are reportable […]

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Can I save my assets if I am entering a nursing home?

Can I save my assets if I am entering a nursing home?

One common misconception is that a person going to a Nursing Home must give all their assets to the nursing home. In most cases, one can save all or at least a good portion of their assets with some planning, even if they are already going into […]

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How to plan if you have children who live with you?

How to plan if you have children who live with you?

One of the most overlooked areas of estate planning occurs when a person owns a house and has children who live with them at the time of their death. If you have a child (or children) who live in your home with you, then you should carefully […]

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When should you update your old will?

When should you update your old will?

While is important to have a Will and related Estate documents, it is equally important to review and update any existing Wills you may have to ensure that they correctly reflect your wishes. It is especially important to re-visit your Wills after certain life events occur either […]

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What are the tax consequences to my heirs when they sell inherited real property?

What are the tax consequences to my heirs when they sell inherited real property?

If you own real property and are looking to transfer it to your children or if you inherited real property and want to sell it, then you should consider the tax consequences. The sale of real property is a taxable event that must be reported on the […]

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Contested Estates

Contested Estates

A Will contest is a challenge brought by a decedent’s heirs to challenge the validity of their Last Will and Testament. In many states, including New York, any of the decedent’s heirs (next of kin) can bring a lawsuit to contest a Will. The only legal reasons […]

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Why Long Term Care Expenses can Bankrupt You

Why Long Term Care Expenses can Bankrupt You

In this article, I will focus on Long Term Care Expenses and how they can bankrupt your life savings. Italian-Americans, like other groups, came to this country in search of the “American Dream” and worked hard to build homes for themselves and a legacy to pass to their […]

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Estate Planning when you have disabled loved ones

Estate Planning when you have disabled loved ones

If you are the parent or grandparent of a person who is disabled, or simply wish to leave all or part of your estate to a person who is disabled, then you must carefully plan your estate to protect the person who is disabled and the inheritance. […]

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Practice Areas

  • ELDER LAW
  • MEDICAID APPLICATIONS: HOME CARE
  • MEDICAID APPLICATIONS: NURSING HOMES
  • ESTATE PLANNING-WILLS AND TRUSTS
  • ESTATE PLANNING-POWERS OF ATTORNEY
  • ESTATE ADMINISTRATION AND PROBATE
  • CONTESTED WILLS AND ESTATE LITIGATION
  • REAL ESTATE
  • ITALIAN

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