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 …

LISTEN TO LAWRENCE Dear clients and friends, This article for The Voice was written by Richard A. Kroll, Esq. of Rochester, New York, a member of the Special Needs Alliance, which I am a founding member. The Special Needs Alliance provides various helpful resources and I thought you might find …

Dear clients and friends, Hello! I hope you all had a wonderful Memorial Day weekend. I received the following question a few weeks ago about a nursing home resident’s visitation rights. Since I am not a nursing home rights litigator, I wanted to wait on answering to better collect my …

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 …

Dear clients and friends, Here are a few more of your questions and my responses: QUESTION ONE: We met with Lawrence in November 2016 and created an Irrevocable Trust. My husband is seriously disabled and we have been using our long term care insurance to pay for caregivers for the …

Dear clients and friends, Here are a couple more of your questions and my responses: QUESTION: Does someone who has died qualify for the $1200 stimulus payment? ANSWER: It is bound to happen more often than we would like. With over 80,000 recent deaths from Covid 19, many of these …