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Currently Browsing:Elder Law

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; 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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ADVANCE PLANNING IS THE KEY TO PROTECTING THE VALUE OF HOME AND SAVINGS FROM MEDICAL COSTS

By Nancy J. Brady, RN, Esq., Partner Brady & Marshak, LLP, Attorneys at Law At Brady & Marshak, LLP, our practice if focused on the legal issues of “middle class” New York residents. Many of our clients are homeowners and have reasons to protect the value of their home, which is often their most valuable

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SPOTLIGHT ON ELDER LAW: ESTATE PLANNING IN THE DIGITAL AGE

By Alexander Bader, Esq.   As Elder Law and Estate Planning attorneys, we often provide legal advice to our clients centered on proper steps to take with regards to their assets to meet their estate planning goals.  Two most common such estate planning goals are: (1) ensuring the asset can be properly managed should the

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SPOTLIGHT ON ELDERLAW: INTERGENERATIONAL PLANNING

by Nancy J. Brady, RN, Esq., Partner, Brady & Marshak, LLP Estate planning is a general term which most often refers to planning for how one’s property and assets will pass to one’s survivors. Lawyers who practice in the area of estate planning also have an eye towards planning for clients’ incapacity during life, as

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Spotlight on Elderlaw: Top Ten Reasons to do Estate Planning at Every Age

By Nancy J. Brady, RN, Esq. As most people know, a Last Will and Testament is a document, prepared by an attorney, to serve as evidence of one’s last wishes regarding how assets and belongings should be distributed after the individual passes away. Most people think Wills are only for the elderly.  Nothing could be

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The Power and Value of a Having a “Power Of Attorney” in Place

by Alexander Bader, Esq. “Is there a valid Power of Attorney in place?” Should you, a family member, or a dear friend be faced with a health-related crisis, the answer to this question may be so very crucial. When someone contacts our office in the midst of facing such a crisis in regards to a

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Spotlight on Elderlaw

by Nancy J. Brady. RN, Esq., Partner- Brady & Marshak, LLP Attorneys at Law Estate Planning is an area of legal planning concerned with having ownership of your assets with beneficiary designations that will most suit the client’s goals for preservation of hard earned savings and property throughout one’s life and after death. Elderlaw and

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Spotlight on Elderlaw: Social Security and Medicare Benefits at a Glance

by Linda F. Marshak, Esq. Social Security is a retirement plan most for which most American workers are eligible. The Social Security System taxes employee’s wages throughout working years and credits are earned towards retirement benefits.  If you were born in 1929 or later, the requirement is to have 10 years of work which is

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