Please click on the link below to watch today's video blog: https://youtu.be/U6ZbEa8kxDM Elliot S. Schlissel has more than 45 years experience representing clients in all aspects of estate and long term care planning. He and his associates are available for consultation at 516-561-6645, 718-350-2802 or by sending an email to … [Read more...]
Long Term Care Issues
As the population of America ages, there is a retirement issue many Americans don’t realize exists. This issue involves long term care. One of the ways of dealing with long term care issues is to purchase long term care insurance. Long Term Care Expenses In the Metropolitan New York area, nursing home expenses run between $10,000 to $12,000 per … [Read more...]
Long Term Care in America
The life expectancy of Americans continues to get longer. There are a variety of reasons for American’s increased life expectancies. Better medical care, more knowledge about nutrition are two of the more significant factors which have helped increase the life expectancy of Americans. Long Term Care Issues It is estimated more than 70% of all … [Read more...]
Medicaid Planning; Medicaid Asset Protection Trust
Medicaid Asset Protection Trusts (MAPT) are the best way to preserve assets should you be unable to purchase long term care insurance. Sometimes family members presume putting their assets in joint names with their children will help them should they be forced to go into a nursing home and apply for Medicaid. This is a mistake! Putting assets in … [Read more...]
Litigating Issues Involving Wills And Other Assets Taking Advantage Of The Elderly and Infirm – Part III
Fraud involves a situation where there has been a material misstatement of facts that the individual preparing a document such as a will, a trust or opening a joint bank account believed to be true. In this situation even the acts of competent individuals can be tricked into transferring assets or changing the individuals named on bank accounts or … [Read more...]
Litigating Issues Involving Wills And Other Assets Taking Advantage Of The Elderly and Infirm – Part II
Undue Influence Undue influence occurs in situations involving emotional or physical coercion. Threats, flattery and excessive action to persuade an individual to the point where that person no longer has a freedom or will on their own to make decisions as to who should receive their assets, are all examples of undue influence. When the … [Read more...]
Litigating Issues Involving Wills And Other Assets Taking Advantage Of The Elderly and Infirm – Part I
In some societies as parents and other loved ones grow older, the level of respect and help provided to them by their children and other loved ones increases. Sometimes, however, loved ones who are sickly or suffer from Alzheimer’s disease are taken advantage of for financial gain. Examples of inappropriate actions where individuals seek to enrich … [Read more...]
Legal Fees in New York Estates
What Will the Administration Proceeding or Probate Proceeding Cost? When a client approaches an attorney for legal representation regarding an estate matter, the cost of the proceedings is often foremost in their minds. Not all estate proceedings involve the same issues. Some cases involve complicated legal work, while other cases have limited … [Read more...]
Legal Action to Disqualify Mother from Inheriting from her Dead Son
A proceeding to probate a will was brought in Ulster County New York before Surrogate Sarah McGinty. The son who died was 48 years old. The attesting witnesses to the will were the chief beneficiaries of the will. Beneficiaries to a will cannot act as witnesses to the will. Therefore, under New York State law the bequests left to these 2 … [Read more...]
Issues to be Considered When Drafting a Will
If you are born, you will die. It is a fact of life. Writing a will is not something most individuals look forward to. However, responsible individuals who want to simplify the lives of their children and other loved ones write wills. A will can help you be sure your assets will go to the persons you want to receive them. A will can ensure if both … [Read more...]
