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  • And the Scams Keep Coming

    By Martin Glass, Esq. Email Marty June 26, 2017 About a year ago I wrote about scams, mainly those against seniors.  I feel compelled to write again since I’ve found some relatively new phone scams, one of which a senior relative of mine was caught up in. I thought this scam was brand new, but when I talked to some of the seniors that I know, I learned that it has already been around for a few months and is quite prevalent.  A person calls you up and tells you that if you have Medicare, you can get a back brace for free.  Now ...

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    Monday, June 26th, 2017

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  • Focus on Long-Term Care: Activities of Daily Living

    By Martin Glass, Esq. Email Marty May 5, 2017 Most people go around and take care of their everyday business without ever realizing how independent they are.  Only when you have trouble doing something do you realize that you used to do it before.  For a younger person, this can come when you injure yourself and may have limited use of an arm or a leg.  Unfortunately, this also comes with age. Often times we see a friend or family member that has trouble doing things that they’ve always done.  These things are usually called the Activities of Daily Living (ADLs). Most ADLs are basic ...

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    Thursday, May 25th, 2017

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  • Secondary Reasons to Protect Your Assets

    By Martin Glass, Esq. In past articles I’ve discussed some key reasons to try to protect your assets – namely, protection from the cost of estate taxes and long-term care.  However, there are other less widespread but nevertheless important events and situations in which you need to try to protect your assets.  These include bankruptcy, litigation, and divorce. Attorneys such as myself look at each of these events and try to figure out how we can minimize the financial damage these events could cause our clients.  For example, if you are single, or married for 40+ years, the odds of divorce are ...

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    Wednesday, April 26th, 2017

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  • Is It Time to Take the Keys?

    By Martin Glass, Esq. We’ve all been behind someone on the road, wondering if the driver can even see over the steering wheel.  But just because someone has gotten older (and shorter) does not necessarily mean that he or she no longer has the ability to drive.  However, at some point, that time may come.  It often comes when you begin to realize that your own aging mother or father is no longer safe to be behind the steering wheel. According to the American Automobile Association (AAA) website (seniordriving.aaa.com), with the exception of drivers under 25, seniors are at a higher risk ...

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    Wednesday, March 29th, 2017

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  • Do You Really Need A Revocable Trust?

        By Martin Glass, Esq. Published in the Hauppauge Reporter, February 2017 For many years now I’ve heard many attorneys tout the virtues of revocable or “living” trusts over Wills.  But, with the added expense, is the trust really necessary?  In many cases, no!  Now don’t get me wrong, there are many times when a revocable trust is the way to go, but there should be a need for it, not just a knee-jerk reaction or a scare tactic. Below are several reasons that I’ve heard many attorneys give to get you to create a revocable trust as the primary method for disposing of your ...

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    Saturday, February 25th, 2017

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  • Hospital Patients Are Entitled to Admission Status Information

    By Marty Glass, Esq. Last year, President Obama signed the Notice of Observation Treatment and Implication for Care Eligibility Act (better known as the “NOTICE Act”).  The NOTICE Act became effective on August 6, 2016.  It may not seem like a big deal, but the Act requires hospitals to inform patients whether the patients have been admitted to the hospital on “inpatient” status versus “observation” status. When a doctor admits a patient to a hospital, the patient and patient’s family members normally assume that the patient has been “admitted” to the hospital as an inpatient.  This is usually true whether the patient ...

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    Tuesday, December 20th, 2016

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  • Estate Planning and Estate Tax Forecast

    By Marty Glass, Esq. Well, the election has come and gone.  What does that mean in terms of estate planning and estate tax? As a quick review, the current federal estate tax exemption is $5.45 million and is scheduled to increase to $5.49 million as of January 1, 2017.  Each year it goes up a bit as it’s indexed by inflation.  This means that there is only federal estate tax for any transfer of wealth above the exemption.  I say it that way because it also includes any gifting that you’ve done (above the $14,000 exclusion) during the course of your lifetime. President-elect ...

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    Monday, November 28th, 2016

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  • Changing a Beneficiary After Death

    Published in the Hauppauge Reporter, December 2016 By Martin Glass, Esq. Whether we’re talking about named beneficiaries on a brokerage account or beneficiaries in a Will, there is a way to change them – even after death. Perhaps getting an inheritance now could be a problem for you.  It could be for tax reasons or because you’re about to go through a nasty divorce and don’t want the inheritance thrown into the mix.  Or it could just be because you’re fairly well off and you’d like your siblings to inherit more. One way to accomplish this is by the use of a disclaimer.  New York ...

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    Wednesday, October 26th, 2016

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  • When is Dementia Not Dementia?

    By Martin Glass, Esq. Over the years I have seen many articles on how to spot signs of dementia in the elderly.  I’ve probably even written a few of those articles.  As an attorney with a focus on elder law and estate planning, the topic of dementia comes up often in my practice. These articles discuss the obvious signs, such as forgetting things.  Not remembering where you put your car keys is one thing.  Not remembering what those keys are used for is something else.  Not remembering what you had for breakfast yesterday is ok.  Not remembering if you had breakfast is ...

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    Monday, September 26th, 2016

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  • What to Do When a Loved One Dies

    By Martin Glass, Esq. Of course, it’s always tough when a loved one dies.  It’s already emotionally draining, but if you are immediate next of kin and/or the named Executor, there’s even more stress.  Depending on the complexity of the estate, there could be an enormous amount of work required to handle the person’s estate. A few things should be done as soon as possible.  If there is a house or property, that means changing the locks if necessary.  It’s your job to protect the estate.  The next biggest thing is to find and gather documents.  Hopefully there’s a Will, along with ...

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    Monday, July 25th, 2016

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