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Currently Browsing:Elder Law

Spotlight on Elderlaw: Legal Planning for Women

By Nancy J. Brady, RN, Esq.- Partner, Brady & Marshak, LLP Attorneys at Law Despite the fact that we are well into the 21st Century, and women have made significant advances socially and economically, women’s planning for major life events and retirement has not generally kept up with those advances. Well established statistics show that

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SPOTLIGHT ON ELDERLAW: Debunking Estate Planning Myths

By Alexander Bader, Esq. As practicing attorneys at Brady & Marshak, LLP, we commonly assist clients in meeting their estate planning goals. We also have educational seminars for local communities regarding estate planning.  In engaging with clients, prospective clients and seminar attendees in such a manner, we consistently hear: “My neighbor told me…”; “My cousin

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Spotlight on Elderlaw: Long Term Care Benefits in New York

By Nancy J. Brady, Esq., Partner, Brady & Marshak, LLP Attorneys at Law If you are 65 or older, or have been receiving social security disability for at least two years, you are by now aware of what Medicare is- the red, white and blue card that provides insurance for doctor’s visits, some costs of

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Proper Planning with “Irrevocable” Trusts

by Alexander Bader, Esq.   When a client comes to our office for an initial consultation the attorney that the client is meeting with will obtain information about the client’s family structure, asset picture and the client’s particular goals. Most often, a primary goal of our prospective clients is to “protect” their assets so that

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Spotlight on Elderlaw: Advance Health Care Directives

by Nancy J. Brady, RN, Esq., Partner, Brady & Marshak, LLP Attorneys at Law One of the critical parts of estate planning is the completion of advance health care directives. Advance health care directives include completion of documents to ensure that your wishes regarding medical care and treatment are carried out should you become unable

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Spotlight on Elderlaw: Making “Cents” of the Tax Cuts and Jobs Act

by Nancy J. Brady, Esq., Partner, Brady & Marshak, LLP Attorneys at Law Last month, on Friday, December 22nd, President Trump signed H.R. 1, the “Tax Cuts and Jobs Act” into law.  The following is a brief summary of a few of the changes: Spouses (who are U.S. citizens) may leave any amount to surviving

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SPOTLIGHT ON ELDERLAW: Estate Planning Over the Holidays

By Alexander Bader, Esq., Senior Associate Attorney, Brady & Marshak, LLP For most of us there is no “convenient time” to discuss estate planning. Yet with the holiday season on the horizon there may be no better time to address the importance of having a proper estate plan in place.  We spend more time with

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Spotlight on Elderlaw: The Importance of Proper Estate Administration

by Alexander S. Bader, Esq., Brady & Marshak, LLP, Attorneys at Law As we all know, there is no event more difficult in life than the loss of a loved one. Beyond the most important issues resulting from such a loss: the grieving, healing and honoring of the deceased, there are many steps to be

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Spotlight on Elderlaw; Basic Estate Planning: Avoiding “Intestacy” with a Last Will and Testament

by Nancy J. Brady, RN, Esq. A Last Will and Testament, commonly known as a “Will” is documentation of one’s wishes as to how his/her possessions and assets should be distributed after death. While almost everyone is familiar with the term “Last Will and Testament”, surprisingly enough, not everyone has a Will in place, or

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SPOTLIGHT ON ELDERLAW: COLLEGE BOUND CHILDREN NEED ESTATE PLANNING TOO!

By Nancy J. Brady, Esq., Partner, Brady & Marshak, LLP Attorneys at Law As we approach the end of summer, many of your children and grandchildren will be heading off to college, and away from home. The fact that he/she will be away from you geographically, once your child has reached the age of 18

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