Blog 2017-09-11T18:23:18+00:00
1011, 2017

Question of the Month: Who will make end-of-life decisions for me?

This month's question looks at the difference between a health care proxy in NY and a Living Will. A client asked this question: "I am in my late 80’s and widowed. I recently spoke with my family about how I want to be cared for if I become ill and [...]

2201, 2017

The ABLE Act – A Positive Step to Securing a Disabled Person’s Future

An ABLE Act account can be an important part of your estate and special needs plan, including special needs trusts. One of the articulated purposes of the ABLE Act is “to provide secure funding for disability-related expenses on behalf of designated beneficiaries with disabilities that will supplement, but not supplant, [...]

301, 2017

Military Benefits and Your Special Needs Child

Estate planning for families with a special needs family member – someone who is physically or mentally disabled or intellectually limited – is critical because many assistance programs are facing cuts or benefits cut-backs. The easiest form of planning is to create either a testamentary (inherited) special needs trust (SNT) [...]

2012, 2016

ABLE Act Accounts Can Be Created Outside NY State

At the beginning of 2016, the Stephen Beck, Jr. ABLE Act of 2014 (known as the “ABLE Act”) became law. The remarkable aspect of this law is that some, but not all, of the rules regarding resource limits under SSI ($2,000) and Medicaid are now modified as a result of this federal legislation. [...]