Author Archives: glmain

Great News!

“For the past year, my clients have been wondering how to plan for Long Term Care in light of the change in the Medicaid regulations proposed on 2011. I am proud to be a part of the New York State … Continue reading

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ARE YOU LISTENING?

“As we go through the difficult stages of life, our family dynamics are continuously changing. One of the most challenging evolutions is assisting parents with their financial and care needs as they age. Where most of our life we are … Continue reading

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Life Estates & Medicaid: What you need to know

“As we go through the difficult stages of life, our family dynamics are continuously changing. One of the most challenging evolutions is assisting parents with their financial and care needs as they age. Where most of our life we are … Continue reading

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Medicaid: Pooled Trusts as an Income Protection Plan

Do you or a loved one need long term home care services? Are you considering applying for Medicaid? Do the income qualifications for the Medicaid home care program deter you from utilizing Medicaid home care services? If this is the … Continue reading

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Health Care Proxies: Who will speak for you when you really need it the most?

The New New York Family Health Care Decisions Act In the State of New York one of the most important legal documents you should have during your lifetime is a Health Care Proxy, along with a Living Will. However, many … Continue reading

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Your Social Security Income – The Check is NOT in the mail

For the first time in many years Social Security is making a major change in how seniors and others who qualify for Social Security receive their income checks. While this may take getting used to for some, the benefits far … Continue reading

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Obama Signs Tax-Cut Bill Setting Estate Tax Exemption at $5 Million for Two

“Well everyone, the decision we have all been waiting for is FINALLY HERE! As estate tax planning attorneys, we have been waiting, and waiting, and waiting to get an answer as to what has happened to our estate tax laws. … Continue reading

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6 Tips on Helping Parents With Finances

A frequent challenge for children of seniors who are beginning to fail is how to help them with their finances without taking away their autonomy or getting into a tug-of-war over the issue. Concerns often arise when visiting children find … Continue reading

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IRS Issues Long-Term Care Premium Deductibility Limits for 2011

Social Security benefits may be stagnant, but the IRS is increasing the amount you can deduct on your 2011 taxes as a result of buying long-term care insurance. Premiums for “qualified” long-term care insurance policies (see explanation below) are tax … Continue reading

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