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Grimaldi & Yeung
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LEGAL & FINANCIAL SPRING CLEANING WEBINAR!
Posted 4 days ago at Grimaldi & Yeung
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Grimaldi & Yeung LLP Welcomes Two New Partners!
Posted Mar 1, 2021 at Grimaldi & Yeung
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LEGAL & FINANCIAL SPRING CLEANING WEBINAR!
Posted Feb 26, 2021 at Grimaldi & Yeung
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Control of Assets a Key Issue in Deciding on a Trust
“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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Happy Lunar New Year!
Posted Feb 12, 2021 at Grimaldi & Yeung
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Can an Inheritance Lead to Disruption in Families?
“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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TOMORROW - Securing Your Retirement: Social Security Webinar
Posted Feb 9, 2021 at Grimaldi & Yeung
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Happy Lunar New Year!
Posted Feb 8, 2021 at Grimaldi & Yeung
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Securing Your Retirement: Social Security Webinar
Posted Feb 5, 2021 at Grimaldi & Yeung
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Should You Update Your Will When You Move?
“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
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Does Your Estate Plan Include Digital Property Protection?
“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
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Why Everyone Needs an Estate Plan
“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
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Reviewing Your Estate Plan Protects Goals, Family
“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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Judith Grimaldi to present at NAELA's Nursing Home Rights Webinar: February 4th at 2 PM!
Posted Jan 15, 2021 at Grimaldi & Yeung
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Please see the below notice from the Center for Elder Law & Justice :
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
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UPDATE: Changes to Medicaid Home Care Eligibility Rules
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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KNOW YOUR RIGHTS FOR VISITATION IN LONG TERM CARE FACILITIES DURING COVID-19
Posted Jan 11, 2021 at Grimaldi & Yeung
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Avoid Estate Planning Mistakes
“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
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How Does Guardianship Work?
“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
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Grimaldi & Yeung LLP alerts you to the following updated Medicaid Levels for 2021
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
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Making the Most of Exemptions and Flexibility in Gifting
“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
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Do I Have to Pay Taxes during Retirement?
“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
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CLIENT ALERT: State Court System Suspends All Nonessential In-Person Appearances as of 12/7/2020
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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Happy Holidays from our team at Grimaldi & Yeung LLP!
Posted Dec 18, 2020 at Grimaldi & Yeung
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It’s Time to Stop Procrastinating and Have Your Estate Plan Done
“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
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