To watch today's video blog, please click on the link below: Elliot S. Schlissel is a child custody attorney. He has been representing parents for more than 35 years in all aspects of custody litigation. He and his associates are available for consultation by contacting one of the attorneys at 516-561-6645, 718-350-2802 or by email to … [Read more...]
Guardianship Attorney
Guardianship, in the State of New York, refers to proceedings to help individuals who are either in declining health, are unable to take care of their personal needs and/or financial needs, or who have been taken advantage of by third parties, fraudsters, friends, neighbors, or other loved ones. The purpose of a guardianship proceeding is to help a … [Read more...]
Running Out of Money in Retirement
Retirement is supposed to be the golden years. However, today the issue of how much money you need in retirement is becoming a much more complex issue. Although it is important to save for retirement, you shouldn't scrimp and deprive yourself for a retirement that may never happen. The big problem is running out of money while you are retired. … [Read more...]
President Obama Orders the Creation of New Retirement Accounts
On Wednesday, January 29, 2014, President Obama gave his State of the Union address. During the course of his address, he ordered that a new type of employer sponsored saving account be created for the purpose of helping people save for retirement. The President suggested creating this new class of retirement saving account would help middle class … [Read more...]
Foreclosure Action Stopped by Death
Nettie Francis had executed a mortgage. The holder of the mortgage brought a foreclosure lawsuit against her. In May of 2010, the court had declined to sign a proposed judgement of foreclosure and sale. The court took this action because there had not been a submission of an order showing the mandatory residential foreclosure court conference had … [Read more...]
Spousal Refusal And Medicaid Planning
In the States of Connecticut, Florida and New York spousal refusal to pay for a spouse's medical expenses can be an acceptable Medicaid planning technique. The spouse of an individual who goes into a nursing home and applies for Medicaid is referred to as the "community spouse." This spouse can keep approximately $3000 a month of the family's … [Read more...]
The Right To Die
There was a recent case in Long Island, New York concerning issues surrounding "the right to die." Sungeon Grace Lee, age 28, decided her life was no longer worth living. She advised her doctors she wanted to end her life by cutting off the life support system keeping her alive. Her parents, who are deeply religious, vehemently opposed their … [Read more...]
Amending Irrevocable Trusts
Irrevocable trusts are an invaluable estate planning resource. However, due to tax changes (fiscal cliff) and other issues, irrevocable trusts with an estate plan in mind, need to be changed related to subsequent modifications of estate tax laws. Can irrevocable trusts be amended? The answer to that is yes, in certain circumstances. New York … [Read more...]
Reverse Mortgages
A reverse mortgage is a means by which seniors utilize the equity in their homes. The equity is turned into cash. It can be used to supplement social security, pension payments, and 401K plan withdrawals. In most situations, the proceeds of a reverse mortgage are taken out in a lump sum. Arrangements can be made to have periodic payments over … [Read more...]
Retirement Financial Pitfalls
Planning for retirement is difficult. Today, nest eggs are much smaller than they have been in the past. Many individuals and families plan for retirement at the last minute. This can cause problems. Save And Invest Americans need to save today, not tomorrow. It takes a lot of will power to forego today’s pleasures and have money for the long … [Read more...]
