The amount you can pass free from estate tax is at a record high of $11.7 million per person. There’s legislation which would lower the exclusion to $3.5 million per person. Married people can take advantage of the current exemption. Read on to learn more.
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New York Nursing Home Cost Survey Sheds Light
The most important matter that elder law attorneys address is the long-term care situation. Most senior citizens will need some type of help with their activities of daily living eventually. Some of them can receive the assistance they need in their own homes from family members and friends, but residential long-term care will often become […]
An Overview of Essential Estate Planning Documents
Estate planning can seem like an overwhelming task if you are a layperson and you don’t know where to begin. This is perfectly understandable, and in this post, we will provide an overview of the essential documents that should be part of every estate plan. Will or Trust The plan will start with a vehicle […]
Alzheimer’s Looms Large for Seniors
Alzheimer’s disease is somewhat misunderstood by the general public. We all know that it exists, but there are aspects of it that are surprising to many people, and we will explain them here. Widespread Impact You may assume that the disease strikes a relatively small percentage of seniors, but in fact, the numbers are alarmingly […]
What Is the Best Estate Planning Document?
Many people are confused about the estate planning document that they should use to facilitate asset transfers to their loved ones. There is a simple will, and there are different types of trusts, and this can lead to the search for the “best” legal device. This is natural, but there is no asset transfer vehicle […]
Are You Ready to Address Long-Term Care Costs?
Elder law attorneys assist clients that are concerned about the eventualities of aging. There are between 10,000 and 15,000 applications for Social Security being accepted every day because of the aging of the baby boomers, so our services are in great demand. The most pressing issue that we are dealing with at the present time […]
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