by admin | Oct 1, 2018 | Estate Planning, Tax Planning, trust
Nursing home costs in Long Island, according to The New York State Department of Financial Services tracks the costs of long-term care. According to DFS, a nursing home in Long Island averages $142,350/year! Nursing home care costs vary in upstate New York from $264...
by admin | Sep 17, 2018 | Estate Planning, Mortgage Closing, Real Estate, Succession Planning, Tax Planning, Uncategorized
How much can I borrow with a reverse mortgage? How much you can borrow, depends on several factors. The age of the borrower. The older the borrower, the more that can be borrowed. Current Interest Rates The lower the interest rate, the more that can be borrowed. The...
by admin | Sep 14, 2018 | Estate Planning, Mortgage Closing, Real Estate, Succession Planning, Tax Planning, Uncategorized
Elders often struggle to find the resources to stay out of nursing homes and stay in their home, but still, need In Homecare. A reverse mortgage can be used to help make that happen. Medicaid can be used to pay for nursing home care, but stay at home care can be...
by admin | May 14, 2017 | Tax Planning
By David Welch Foreign bank account and foreign income reporting has been a major concern for certain taxpayers the last several years. For those not aware, the issue is rather straight-forward: If you own foreign bank accounts or other foreign assets, you very well...
by admin | May 14, 2017 | Tax Planning, Wills & Trusts
Many grandparents wish to leave money to their grandchildren when they pass. However, few leave specific instructions on what to do with their money and possessions, leading to potential legal challenges and personal heartache after their deaths. John J. Roe III, a...
by admin | May 14, 2017 | Tax Planning
In view of the number of investment frauds recently discovered, and the potential scope of the losses, the Internal revenue Service recently adopted a Revenue Ruling (#2990-9) and Revenue Procedure (#2009-20) aimed at avoiding difficult issues of proof as to how much...
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