Trusts

Dear Mr. Di Costanzo:  Can Medicaid take my home if I get sick? If you fall ill, you may seek Medicaid benefits to help pay for your care...

Dear Mr. Di Costanzo:  Why do I need a Will or Trust if all my accounts have designated beneficiaries? Beneficiary designations are...

Under New York State law, a spouse is considered a legally responsible relative which means that you are financially responsible for the...

An inheritance can be easily dissipated if your child is a spendthrift, has bad habits or is involved with a divorce. A trust can ensure...

Simply transferring your house to your children is the least favorable planning technique in an attorney’s arsenal. The optimal way to...

The Perils and Pitfalls of Owning a Co-op We have all heard a horror story or two about co-op ownership. These stories usually arise out...

Regardless of whether your estate plan is basic or complex, it is important to review the plan every few years for reasons that include...

Co-authored by Joanna C. Feldman This question was recently asked at an event we hosted during which we discussed strategies to leave a...

Change is inevitable, and it comes in many shapes and sizes.  Death, disability, and divorce are three of the most common changes in life...

Remember, the purpose of a revocable trust is to avoid probate and following fact patterns make it a necessity to use a revocable trust....

Obtaining eligibility for Medicaid often requires transferring assets to a spouse or other family members.  When transferring assets, one...

For many families, a good portion of their wealth exists through the equity in their home.  The home may also be the most sentimental...

Special Needs Trusts are an integral part of almost every estate plan.  I use them in most of my estate planning documents.  There are...

Special Needs Trusts are an integral part of almost every estate plan, yet, most people do not realize this.  Typically, those who...

This is a very common issue with revocable trusts and it results from not respecting the formalities of the trust. In order for a...

Unfortunately, we cannot control if and when we may fall ill but we can be proactive to protect our financial assets by planning early....

It is worth noting at the outset that there are many types of irrevocable trusts.  I think it is safe to assume that when you reference...

Leaving assets to your children gives rise to many considerations.  For instance, if the child is a minor, you do not want assets passing...

With Congress about to break for a two week Spring recess, the repeal of Obamacare appears to have stalled and remains uncertain....

This is a real fact pattern. I recently met with a family whose 86 year old Mother was admitted to a nursing home for dementia.  They...