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Grimaldi & Yeung
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Legal & Financial Spring Cleaning: Get your legal house in order using the 5@55 Program Wednesday, March 10, 2021 6:00 - 7:00 PM EST Click here to register! Join GY Law partners Judith D. Grimaldi & Joanne Seminara for the first of our monthly series of webinars designed to help... Continue reading
Posted 4 days ago at Grimaldi & Yeung
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On March 1, 2021, Grimaldi & Yeung LLP is pleased to announce that the firm will add two new partners, Mary E. Granfort and David I. Kronenberg to our firm. David and Mary are respected and experienced attorneys from the esteemed elder law firm of Goldfarb Abrandt & Salzman, which... Continue reading
Posted Mar 1, 2021 at Grimaldi & Yeung
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Legal & Financial Spring Cleaning: Get your legal house in order using the 5@55 Program Wednesday, March 10, 2021 6:00 - 7:00 PM EST Click here to register! Join GY Law partners Judith D. Grimaldi & Joanne Seminara for the first of our monthly series of webinars designed to help... Continue reading
Posted Feb 26, 2021 at Grimaldi & Yeung
“Avoiding probate usually is the main appeal for living trusts. Trusts also can provide a gentler transition, if the grantor becomes incapacitated.” Any trust created while the person, known as the “grantor,” is living, is known as a “living trust.” However, the term is also used interchangeably with “revocable trusts,”... Continue reading
Posted Feb 17, 2021 at Grimaldi & Yeung
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新年快樂 Happy Lunar New Year from Grimaldi & Yeung LL... Continue reading
Posted Feb 12, 2021 at Grimaldi & Yeung
“Most states recognize inheritances as separate property, and many experts say keeping them separate is often the best approach.” Is an inheritance a blessing, or a curse? That’s the question from the recent article “When One Spouse Gets an Inheritance It Can Be Hard on a Marriage” posed by The... Continue reading
Posted Feb 10, 2021 at Grimaldi & Yeung
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Wednesday, February 10, 2021 6:00 PM – 7:00 PM EST Please join our very own Judith D. Grimaldi next Wednesday evening, February 10th at 6:00pm, where she will be teaming up with Alexander Saulon as a presenter at Dynasty Advisors’ webinar on how to maximize your social security benefits. _________________________________... Continue reading
Posted Feb 9, 2021 at Grimaldi & Yeung
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新年快樂 Happy Lunar New Year from Grimaldi & Yeung LL... Continue reading
Posted Feb 8, 2021 at Grimaldi & Yeung
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Wednesday, February 10, 2021 6:00 PM – 7:00 PM EST Please join our very own Judith D. Grimaldi next Wednesday evening, February 10th at 6:00pm, where she will be teaming up with Alexander Saulon as a presenter at Dynasty Advisors’ webinar on how to maximize your social security benefits. _________________________________... Continue reading
Posted Feb 5, 2021 at Grimaldi & Yeung
“State-by-state differences in matters around taxes, inheritance, marital property and more make a thorough review imperative.” In the excitement of a move from one state to another, people often forget that their estate plan may need to also change with their address change. That is because each state has its... Continue reading
Posted Jan 29, 2021 at Grimaldi & Yeung
“It’s difficult to go a few hours without interacting with a digital account. Whether that is email, online banking or social media, many daily tasks involve digital informational storage.” One of the challenges facing estate plans today is a new class of assets, known as digital property or digital assets.... Continue reading
Posted Jan 27, 2021 at Grimaldi & Yeung
“First, let’s debunk the myth that an estate plan needs to be both elaborate and expensive.” Many people think you have to be a millionaire to need an estate plan and investing in an estate plan is too costly for an average American. Not true! People of modest means actually... Continue reading
Posted Jan 25, 2021 at Grimaldi & Yeung
“Most people wish to have more control over who and how their assets are managed than what the state laws provide, and so they draft documents that can override the Laws of Intestacy, when those laws do not match their objectives.” Transferring the management of assets if and when you... Continue reading
Posted Jan 20, 2021 at Grimaldi & Yeung
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Thursday, February 4, 2021 - 2 pm ET Presented by Edwin Boyer, CAP, Fellow; Judith Grimaldi, CELA, CAP; and Robyn Grant, MSW, Director at The National Consumer Voice for Quality Long-Term Care What tools does the Nursing Home Reform Act of 1987 give you to advocate for your clients living... Continue reading
Posted Jan 15, 2021 at Grimaldi & Yeung
Please see the below fact sheet from the Center for Elder Law & Justice : On Dec. 21, 2020, Congress announced a new round of economic impact payments (also called stimulus checks or IRS payments). Most nursing home residents will be eligible to receive the full payment of $600. Here’s... Continue reading
Posted Jan 13, 2021 at Grimaldi & Yeung
New Deadline – MARCH 31, 2021 The 2020 N.Y. State Budget Bill included changes to the Medicaid program covering home and community-based services (Home Care): All new applications for Medicaid community-based (home care) benefits filed after March 31, 2021, will be subject to a 30-month (two-and-half-year) lookback period when analyzing... Continue reading
Posted Jan 12, 2021 at Grimaldi & Yeung
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This is a frightening and confusing time for residents of long-term care facilities and their families as New York’s Department of Health has severely restricted visitation in these facilities. This is a brief guide to visitation rights in long term care facilities for residents, families and advocates. Visitation Allowed in... Continue reading
Posted Jan 11, 2021 at Grimaldi & Yeung
“These all-too-common misconceptions can steer your estate plans in the wrong direction right from the start. Here’s how to overcome them and tips to build the right plan for your family.” Estate planning should be both an emotional and financial process, where people evaluate the assets they have accumulated over... Continue reading
Posted Jan 8, 2021 at Grimaldi & Yeung
“As a result of illness, old age or incapacity, what may happen when you can no longer handle your own decision-making, handle your own money or make your own health care choices? Who can step in to help and how are they empowered?” For the most part, we are free... Continue reading
Posted Jan 6, 2021 at Grimaldi & Yeung
Community-Based Medicaid-for Home Care, Adult Day Program, Hospital Stay, Outpatient Rehab: Monthly Income for 1 person: $884* Monthly Income for 2 people: $1,300* Resource Level for 1 person household: $15,900 Resource Level for 2 person household: $23,400 Married Couple Monthly Income: $3,259.50 Maximum Community Spouse Resource Allowance: $130,380** Institutional-Based Medicaid-Nursing... Continue reading
Posted Jan 5, 2021 at Grimaldi & Yeung
“Federal estate, gift and GST tax exemptions are currently at historic highs ($11.58 million per individual in 2021). These higher exemptions are scheduled to return to $5 million, adjusted for inflation, after December 31, 2025, but they could be reduced before then, as a result of political or policy changes.”... Continue reading
Posted Jan 4, 2021 at Grimaldi & Yeung
“Some retirees may be surprised to learn that a portion of their Social Security benefits could be subject to federal income taxes.” Paying taxes when you aren’t working but are instead receiving income from a lifetime of working and Social Security is a harsh reality of retirement for many people.... Continue reading
Posted Dec 28, 2020 at Grimaldi & Yeung
This will delay all our cases before the NY courts including Surrogate, Guardianship and Estate and Probate matters Due to an uptick in our state’s COVID-19 cases, all nonessential in-person court appearances are being temporarily suspended. A limited amount of in-person essential and emergency matters will be heard. We expect... Continue reading
Posted Dec 21, 2020 at Grimaldi & Yeung
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Although we were missing a few of our staff members, we are happy to share that our first holiday zoom party was a success! We wish you and your family health and happiness this holiday season and prosperity in the New Year. As 2020 draws to a close, it is... Continue reading
Posted Dec 18, 2020 at Grimaldi & Yeung
“The steady drone of coronavirus news these past nine months has spurred countless older Americans to face a long-procrastinated task: writing—or rewriting—their wills.” While many people have had their wills updated or created in response to the pandemic, millions of Americans have yet to do so, reports the article “How... Continue reading
Posted Dec 16, 2020 at Grimaldi & Yeung