GDGC News and Events June 2017

GDGC Managing Partner, Jennifer Cona, Moderating ABA Program on June 20, 2017 GDGC Managing Partner, Jennifer Cona, is moderating an American Bar Association (ABA) webinar on "The Life Insurance Policy Crisis: The Advisors’ and Trustees’ Guide to Managing Risks and Avoiding a Client Crisis." Tuesday, June 20, 2017 1:00 - 2:30pm 1.50 CLEs for Attorneys For … Continue reading GDGC News and Events June 2017

Managed Long Term Care at Home: Proactive Action Required to Expedite Benefits

Managed Long Term Care at Home:  Proactive Action Required to Expedite Benefits There are two components to a Medicaid Home Care application: the financial eligibility review and the medical assessment to determine the appropriate number of hours of home health aide services. Recent events have led to a dramatic back-log of medical assessments, causing applicants … Continue reading Managed Long Term Care at Home: Proactive Action Required to Expedite Benefits

Tax Planning vs. Medicaid Planning: Avoid Costly Mistakes

Tax season is an important time to re-visit the difference between the IRS rules and the Medicaid eligibility rules – in order to avoid potential costly mistakes. For example, you may want to give a gift of $14,000 to your children and benefit from the IRS annual gift tax exemption.  However, if you need Medicaid … Continue reading Tax Planning vs. Medicaid Planning: Avoid Costly Mistakes

The Trump Administration: Impact on New York’s Older Adults – Estate Tax

The New York landscape for older adults may greatly change under a Trump administration.  We will continue to examine the various policies as proposed during the campaign and as they unfold in his presidency. Estate Tax President-Elect Trump has proposed the elimination of the Estate Tax at the federal level. While this may sound like … Continue reading The Trump Administration: Impact on New York’s Older Adults – Estate Tax

Holiday Family Gatherings: A Time to Assess

Holiday family gatherings are not just good for catching-up; they are an opportunity to assess your aging loved one's status and needs. Certain clues can reveal a decline in mental or physical abilities. Below are some red flags to watch out for: Mom, None of Your Clothes Fit: Changes in physical appearance can often be … Continue reading Holiday Family Gatherings: A Time to Assess

Spring Cleaning: Time to Review Your Estate Plan

Spring is a great time to clean out and take stock – including a review of your estate plan.  When and how often you need to update your estate plan varies from person to person, family to family, but a number of factors are influential. Estate Taxes Changes to the federal and New York state … Continue reading Spring Cleaning: Time to Review Your Estate Plan

Estate Planning Across the Generations

Estate Planning is important at any age.  The type of planning required is different across the generations, such as during the earning and accumulating years, during the planning years in which a family is growing, and during the protecting years as a person approaches retirement and beyond. One common denominator for all generations is the … Continue reading Estate Planning Across the Generations