What Is a Generation-Skipping Trust?

November 2nd, 2018 by David Goldfarb

A generation-skipping trust skips your children’s generation and instead provides for distributions directly to your grandchildren. Why does this help? Consider the following: You transfer your assets to your children and pay the estate tax if your estate is large enough to incur taxation. Your children then pass the assets onto their children and pay […]

Estate Planning for Singles and Couples Without Children

October 26th, 2018 by David Goldfarb

You do not have children, so having an estate plan is not necessary, right? Unfortunately, many people believe this to be true and fail to take any steps toward drafting a comprehensive estate plan. This is especially true for individuals or couples who do not own property or consider themselves to be wealthy. The idea […]

Legal Steps to Take with Alzheimer’s

October 19th, 2018 by David Goldfarb

When someone receives an Alzheimer’s disease diagnosis, they will slowly lose their ability to communicate and comprehend how to protect their interests. This decline can be overwhelming for the individual and family members, as they will need to address practical and medical care issues, as well as the emotional effects of watching a loved one […]

Recognizing the Signs of Financial Elder Abuse

October 12th, 2018 by David Goldfarb

Financial elder abuse can be extremely harmful. While this type of abuse does not cause physical harm to seniors, it can quickly take away the assets and property for which they have worked so hard, harm their loved ones who are beneficiaries, and even take away their dignity. Financial elder abuse occurs when someone wrongfully […]

Detering Exploitation of a Power of Attorney

October 5th, 2018 by David Goldfarb

A power of attorney is an essential part of any comprehensive estate plan. Many people understand the general purpose of a power of attorney and the benefits of drafting this document. However, people may not realize the potential for exploitation of a power of attorney and the steps to take to deter such exploitation. A […]

According to a report released by non-profit legal advocacy organization Justice in Aging, the Center for Medicare & Medicaid Services (CMS) is continuing to roll back Obama-era protections meant to keep patients safe. Just this year, the agency has taken several steps to reduce oversight and lessen the penalties that nursing homes face for violating […]

In May 2018, the President signed Public Law 115-174, amending the Fair Credit Reporting Act and creating new consumer rights. Specifically, the law allows consumers to implement a security freeze on their credit file free of charge. The law goes into effect on September 21, 2018. Security Freezes Can Help Consumers Stop Identity Theft Identity […]

Millions of Americans rely on Social Security benefits to meet their need each month. It should come as no surprise, then, that when social security beneficiaries receive calls from people claiming to be with the Social Security Administration (SSA) telling them their benefits could be in jeopardy, they often provide sensitive and personal information to […]

The Homestead and Medicaid Planning

September 6th, 2018 by David Goldfarb

New York Medicaid Attorneys Don’t make a mistake with Medicaid eligibility, contact a New York elder law attorney with knowledge of Medicaid law.  Goldfarb Abrandt & Salzman LLP is a law firm that handles New York Medicaid cases. Table of Contents The Homestead as an Exempt Resource Dealing with the Home as an Illiquid Resource […]

New York Senior Law Attorney

The Center for Medicare Advocacy reports that on June 15, 2018, the Center for Medicare & Medicaid Services (CMS) finalized proposed changes to Obama-era policy on nursing home quality enforcement. According to the Center and other resident advocacy groups, these changes will likely lead to a greater risk of resident harm. The changes to the […]