明星黑料

On December 20, 2019, a Federal law relating to retirement plans was enacted, entitled Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act). The law was implemented on January 1, 2020 and impacts retirement accounts and the rules for those who own and inherit them.

Grandchildren do not have automatic inheritance rights except under certain circumstances. In New York, the most common scenario where a grandchild may inherit is when a grandparent passes away without a Will and the grandchild鈥檚 parent is no longer living.

Have you put an Estate Plan in place or have questions on the responsibilities of agents, trustees or executors? Britt Burner discusses these important roles in Estate Planning.

Medicaid will pay the long-term care needs for individuals who meet certain income and asset criteria. This means that Medicaid will pay the high cost of home care or nursing home care for seniors.

Any beneficiary of an estate is entitled to an accounting from the executor or administrator of the estate. This is true whenever assets pass through Surrogate鈥檚 Court.

鈥淟etters of Trusteeship鈥� is a court document giving the nominated trustee of a trust created under a Last Will and Testament (鈥淲ill鈥�) the power to act. Such a trust is called a testamentary trust because it is created in a Will.

The simple answer is no. So long as the house continues to be your primary residence, Medicaid cannot put a lien on the home.

The Consumer Directed Personal Assistance Program (CDPAP) allows Medicaid long term care recipients to choose their own home care attendant, including family members, rather than hiring an aide from a home care agency.