Entries tagged: elder law

The Most Important Part of an Estate Plan is the Memories

By: Martin Glass, Esq.

Posted: November 23rd, 2013

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This month I completed the sale of my parents’ co-op in Queens. This is the apartment that I grew up in. The process of emptying the apartment (which I discussed back over the summer) has finally been completed. Most people, when they design their estate plan, think primarily about the large financial assets: real property, […]

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Should You Talk to Your Heirs?

By: Martin Glass, Esq.

Posted: October 26th, 2013

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Last month I discussed how to avoid a Will contest. I noted that one way to at least minimize that risk is to talk to your heirs about your estate plan. It sounds simple, but the subject of inheritance is one that most people arduously avoid for a number of different reasons: superstition, fear, lack […]

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Cleaning Out Your Parents’ Home

By: Martin Glass, Esq.

Posted: August 23rd, 2013

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Emptying out a house sounds easy until it’s you who has to do it. Recently, my parents moved permanently to Florida after being snowbirds for many years. What that really meant is that, outside of clothes, they had two of everything and didn’t really need (or want) to move anything. It was almost as if […]

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Planning for One!

By: Martin Glass, Esq.

Posted: March 19th, 2013

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In some ways, estate planning for a single person can be more challenging for an estate planning attorney than planning for a couple. When a couple puts together an estate plan, the easiest and most natural thing to do is to entrust one another with all of the fiduciary responsibilities in the event of one […]

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Medication Wake-Up Call: It May Be More Than an Accident

By: Martin Glass, Esq.

Posted: March 18th, 2012

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It can be extremely dangerous for aging parents to rely only on memory when it comes to taking medication. It’s amazing how many aging folks have memory loss issues. A large percentage of those with memory problems go on to develop dementia. Take this simple example of a senior couple. Both are in their mid […]

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Do I Have to Leave It To The Children?

By: Martin Glass, Esq.

Posted: November 6th, 2011

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It’s a question estate planning attorneys hear a lot. For whatever reason, a person desires not to leave any property to one or more of the natural objects of his or her affection. These could be a spouse, children, other family or even a partner. The answer, with a couple of important exceptions, is no. […]

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Tax Deadlines for 2010 Deaths? IRS Finally Issues Guidance

By: Martin Glass, Esq.

Posted: September 7th, 2011

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On August 5, 2011, the IRS finally published some guidance for executors of estates of people who died in 2010. Notice 2011-66 explains how these executors can opt-out of the estate tax, and Revenue Procedure 2011-41 explains the special tax rules that apply to assets when executors opt-out of the estate tax. The estate tax and the Generation-Skipping Transfer […]

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Intro to the Wonderful World of Wills, Trusts & Estates

By: Martin Glass, Esq.

Posted: April 1st, 2011

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In case you didn’t know, this is my first foray into the world of blogging. That being the case, I thought that I’d spend this month just explaining some of the more general concepts of Elder Law and Estate Planning; a general introduction to begin. Although they are pretty basic (at least to me), I’ve […]

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