Dear clients and friends, During the height of the pandemic when our physical office was closed, I was running my legal practice from Tucson, Arizona. Hey, why not? While I was there, I visited Robert Fleming, a nationally known Elder Law attorney and partner of Fleming and Curti, PLC. I …

Dear clients and friends, FDIC QUESTION FROM A CLIENT Per your advice, all my beneficiaries say: 50% to the Trustee of the Trust for the Benefit of XXX XXXX under the Mike & Carol Brady Family Trust dated 10/13/08 (names changed to protect the innocent). Does this meet the requirement …

Dear clients and friends, FDIC PART 7B IRREVOCABLE TRUSTS CONTINUED CLIENT QUESTION My wife and I each created a revocable trust in your office to avoid probate. My wife died last year and her trust became irrevocable. Is her trust insured under the revocable or irrevocable category? It seems the …

Dear clients and friends, FDIC PART 7 A: IRREVOCABLE TRUSTS This LISTEN TO LAWRENCE installment introduces the fourth category of separate FDIC insurance, the IRREVOCABLE TRUST account, at an insured bank. Remember, this insurance is in addition to the insurance you get from each of the other categories and these …

Dear clients and friends, FDIC PART 6 C This email is a continuation of my discussion of FDIC (AND NCUA) insurance protection under the REVOCABLE TRUST category. To review past LISTEN TO LAWRENCE emails, go to DAVIDOWLAW.COM under the tab Media and Resources and click on “Articles” where they are …

Dear clients and friends, NEWS FLASH Nursing homes and assisted living facilities have been on lockdown since March 13, 2020, completely isolating the residents from their families and friends. I am happy to announce that the Department of Health has issued new guidance allowing LIMITED visitation. The window is not …

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 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 …

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. …

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 …

Dear clients and friends, FDIC PART THREE Of all the topics I’ve discussed in these emails, I remain amazed at the interest around FDIC insurance. I guess it reflects the general anxiety we all have over the economy and the consequent concern for the safety of our checking and savings …

Dear clients and friends, My last installment of LISTEN TO LAWRENCE was about the $250,000 FDIC insurance that you have at each bank for your checking accounts, savings accounts, CDs and money markets. I quickly learned that this was a topic you were VERY interested in because I immediately received …

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 …

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 …

Dear clients and friends, Here is another of your questions and my response: QUESTION: A savings account has both my mother’s name on it and my name. Would the Medicaid look back (5 years for a nursing home and 2 1/2 years for home care as of 10/1/20) apply to …

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 …

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 …

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 …

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 …

Dear clients and friends, Here are more of your questions and my responses: QUESTION ONE: I have (3) IRAs of which I had taken my RMDs from last year. Does this mean that I will not be seeing any money taken out this year for each of them? It appears …