The Listen to Lawrence Letter: How does gifting affect Medicaid?

DAVIDOWLAW Blog Post

Dear Clients and Friends, The gifting discussion continues and this question shines a bright light on yet another issue to be concerned with when Medicaid eligibility may become necessary. Although I have discussed gifting from a tax point of view, I thank this next reader for asking a question that …

The Listen to Lawrence Letter: Will funds in my Irrevocable Trust affect my son with special needs when he applies for benefits?

DAVIDOWLAW Blog Post

Dear Clients and Friends, Although we discuss many Elder Law and Estate Planning strategies here in The Listen to Lawrence Letter, don’t forget that the firm also is deeply focused on planning for Special Needs. I am a founding member of the Special Needs Alliance which is dedicated to providing information, articles, resources, …

The Listen to Lawrence Letter: Which states recognize the MAID act?

DAVIDOWLAW Blog Post

Dear Clients and Friends, Our conversation about the Medical Aid In Dying Act (MAID), (a/k/a “death with dignity law”) has sparked tremendous interest and awareness. As you may or may not know, New York does not have a MAID act at this time, although our legislature is currently discussing the issue.  Therefore, if …

The Listen to Lawrence Letter – Pros and Cons of SLATs

DAVIDOWLAW Blog Post

Dear Clients and Friends: Ever wonder what the wealthy are doing today to reduce their tax burden? Keep reading. CLIENT QUESTION: What is the concept of a SLAT in estate planning and what are the pros and cons. MY RESPONSE: A SLAT has become the estate planning tool of choice for …