Listen to Lawrence – FDIC – Revocable Trust Category

DAVIDOWLAW Uncategorized

Dear clients and friends, FDIC PART 6 B This is a continuation of the last one where I discussed FDIC (and NCUA) insurance protection under the REVOCABLE TRUST category. There are a couple of formal requirements you have to follow to get the insurance protection under the REVOCABLE TRUST category, …

Listen to Lawrence…FDIC Part 6 – REVOCABLE TRUSTS

DAVIDOWLAW Uncategorized

LISTEN TO LAWRENCE Dear clients and friends, FDIC PART SIX A In a prior email, called FDIC PART TWO, I introduced the concept that you are entitled to $250,000 of FDIC insurance protection per depositor, per bank and per ACCOUNT OWNERSHIP CATEGORY…..and that there are eight categories. This email will …

Listen to Lawrence – FDIC – Joint Accounts

DAVIDOWLAW Uncategorized

Dear clients and friends, In a prior email, called FDIC PART TWO, I introduced the concept that you are entitled to $250,000 of FDIC insurance protection per depositor, per bank and per ACCOUNT OWNERSHIP CATEGORY…..and there are eight categories. IN FDIC PART FOUR, I discussed the first category, SINGLE ACCOUNTS. …

Listen to Lawrence…News Flash on 2020 RMDs

DAVIDOWLAW Uncategorized

Dear clients and friends, NEWS FLASH ON 2020 REQUIRED MINIMUM DISTRIBUTIONS (RMDs) I am interrupting my lessons on FDIC and NCUA deposit insurance to bring you an important announcement regarding your 2020 RMDs. You may recall from a prior LISTEN TO LAWRENCE email that the 2020 CARES ACT suspended all …

Listen to Lawrence…FDIC Protection Explanation

DAVIDOWLAW Uncategorized

LISTEN TO LAWRENCE Dear clients and friends, I want to share an email with you I received this week from one of my readers: Hi Mr. Davidow, A note of thanks for providing your “Listen to Lawrence” emails during the COVID 19 pandemic. Your thoughtfulness and insight to very important …

OUR OFFICES ARE OPEN!

DAVIDOWLAW Uncategorized

After three months of working from home, I am more than happy to announce that we have opened our offices to our staff and clients. It feels so good to once again get a taste of the normality we once took for granted. But let’s get real! The COVID-19 virus …

Special Needs Planning Benefits All Siblings

DAVIDOWLAW Uncategorized

LISTEN TO LAWRENCE Dear clients and friends, As you may know, I am one of the founders of the SPECIAL NEEDS ALLIANCE , which is a national organization of the top special needs attorneys in the country. Each month, one of our members writes an article of general interest to …

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 …