Gifting as it relates to Medicaid and Tax Consequences

DAVIDOWLAW Uncategorized

LISTEN TO LAWRENCE Dear clients and friends, Here are two more of your questions and my response. I am combining them into one response because they are interrelated. QUESTION ONE: I have a question for the ‘Ask Lawrence’ emails: during the lookback period to be eligible for Medicaid, how much …

Listen to Lawrence’s Correction: Property Tax Deadlines

DAVIDOWLAW Uncategorized

Dear clients and friends, My initial research regarding the property tax due date was incorrect and I wanted to alert all of you as soon as possible. It was just brought to my attention that there IS an extended deadline in place. Here’s the exact announcement from Suffolk County: County …

Listen to Lawrence…Property Tax Deadlines

DAVIDOWLAW Uncategorized

Dear clients and friends, Here are more of your questions and my responses: QUESTION ONE: Is there any discussion about extending the due date of real estate taxes due? I know that the state can’t wait to get their hands on this revenue but I’m sure there are many families …

Listen to Lawrence…Stimulus Check Questions Answered

DAVIDOWLAW Uncategorized

Dear clients and friends, Here are a couple more of your questions and my responses: QUESTION ONE: I never received a $1200 stimulus payment…maybe my wife and I make too much money between our pensions and two social security checks ? Never thought of myself as “well off”? RESPONSE: We …

Listen to Lawrence…Community Medicaid Process Explained

DAVIDOWLAW Uncategorized

Dear clients and friends, Here is another one of your questions and my response: QUESTION: Hello Lawrence- Thank you for the informative emails. I wanted to inquire…..We are considering returning my 89 year old mother who has dementia to her home in Queens after living in an assisted living community …

Listen to Lawrence…Joint Bank Accounts

DAVIDOWLAW Uncategorized

LISTEN TO LAWRENCE Dear clients and friends, Here are a few more of your comments/questions and my responses: COMMENT: “A possible future topic could be addressing the importance and timing of removing deceased parties from joint bank accounts and other legal documents. As a former banker, we often saw clients …

Listen to Lawrence: Answers to your questions

DAVIDOWLAW Uncategorized

Dear clients and friends, I join all of you in mourning the deaths of so many around us from the Coronavirus. People ask me if I knew anyone that died? The answer is yes, many. Fortunately, my immediate family and friends remain healthy, but my heart goes out to my …