Featured Articles
Second Marriage Planning
January 10th, 2019 by David Goldfarb
People who go through a divorce often go on to remarry in the future, which can often result in a blended family. Blended families may include children from your previous relationship, children from your new spouse’s previous relationship, and/or children that you and your spouse have or adopt together. While beginning a new family dynamic […]
The Components of an Elder Law Estate Plan
December 28th, 2018 by David Goldfarb
Estate planning is a complicated matter, and there are certain considerations that arise when creating an estate plan for older adults. Below is some information about the basic components of an elder law estate plan. Every estate plan should be carefully tailored to an individual’s specific situation, so it’s important to talk to a New […]
What Is a Generation-Skipping Trust?
November 2nd, 2018 by David Goldfarb
A generation-skipping trust skips your children’s generation and instead provides for distributions directly to your grandchildren. Why does this help? Consider the following: You transfer your assets to your children and pay the estate tax if your estate is large enough to incur taxation. Your children then pass the assets onto their children and pay […]
The Advantages and Pitfalls of “Professional Guardians”
July 27th, 2018 by David Goldfarb
When you think of a guardian of an incapacitated adult, you likely first think of an adult child or another close family member who will care for the adult. However, in some cases, a guardian may be a non-relative appointed by the courts. In many states, these are referred to as “professional guardians.” While New […]
Estate Planning Issues for Divorcing Spouses
July 6th, 2018 by David Goldfarb
There are many considerations when you and your spouse divorce. Divorce will divide your marital property and debts, determine custody schedules for your children, and much more. You should also always revisit your estate plan upon a divorce. While contacting an estate planning lawyer may be the last thing on your mind in this already […]
Governor Signs Pooled Trust Notification Bill into Law
May 11th, 2018 by David Goldfarb
Medicaid provides healthcare for millions of New Yorkers, and constitutes one of the state’s most important benefits programs. However, the government also means tests Medicaid, so it has a spenddown for people who earn too much income and may exclude people who own too many assets. Many seniors find that they have trouble maintaining eligibility […]
New Appeals Process for MLTC Members Goes into Effect May 1, 2018
May 4th, 2018 by David Goldfarb
Starting May 1, managed long-term care (MLTC) members must follow new appeals procedures. While the Obama Administration adopted these procedures, they have only now gone into effect. MLTC members should pay close attention to the changes so that they preserve their appellate rights. The Old Rule Before May 1, MLTC members had appeal options whenever […]
How Changing Outpatient Therapy Caps Will Affect New York Medicare Beneficiaries
April 6th, 2018 by David Goldfarb
Recent changes to the law have extended outpatient therapy and home health care coverage for Medicare recipients. Unfortunately, some Medicare beneficiaries still find that their claims get denied under improper or outdated standards of review. An experienced attorney can help recipients determine what services they are eligible for, and advise them how to appeal improper […]
New Tax Bill Will Temporarily Lower the Threshold for Medical Expense Deductions
February 2nd, 2018 by David Goldfarb
The new tax bill that President Donald Trump signed into law in December 2017 contains many controversial provisions. American taxpayers must carefully examine them to determine how these changes will affect them. One important provision has received little media attention but has the potential to help Americans with high medical bills. The attorneys at Goldfarb […]
Exempt Transfer of Home to a Caretaker Child
January 22nd, 2018 by David Goldfarb
A Great Incentive for Caring for Your Parent in the Family Home Many of our clients and their adult children are concerned both with the escalating costs of long-term health care and the quality of the care. An adult child that becomes a caregiver for a parent is one way that families deal with these concerns. […]
