Century of Giving Philanthropy Contest Concludes for 2013         Long Islanders have voted for the final time in 2013, and have selected the Suffolk County Chapter of the AHRC as the winner of the Century of Giving contest, sponsored by Davidow, Davidow, Siegel & Stern. “We are …

The Law Firm of Davidow, Davidow, Siegel and Stern (DDSS) announced the Phase III nominees for “Century of Giving”, a philanthropic endeavor created to recognize and reward Long Island charities for the good works performed for local seniors and individuals with special needs.   Managing Partner Lawrence Davidow stated, “It is …

Celebrating 100 Years  1913-2013 Davidow, Davidow, Siegel & Stern, LLP The votes are in, and Long Islanders have declared the Alzheimer’s Disease  Resource Center of New York to be the winner of the second phase of the 2013 Century of Giving philanthropic contest. “We are pleased to announce that Alzheimer’s …

Google has a way to ensure your data dies when you do. The international tech giant, best known for its much-used search engine, has launched an Inactivity Account Manager, a “digital will” of sorts that allows users to determine what to do with their online “digital assets” once it’s no …

Your Special Needs Trust (“SNT”) Defined You have a special needs trust— or you have been designated as the trustee of a special needs trust— or your child has a special needs trust. What is a trust? What is a trustee? What is a beneficiary? What are all these terms …

  While Medicare gets most of the news coverage, Medicaid still remains a bit of mystery to many people. The fact is that Medicaid is the largest source for funding nursing home care, but there are many myths about exactly who qualifies for it and what coverage it provides. Here …

Davidow, Davidow, Siegel & Stern was originally founded by Harry A. Davidow in 1913. The firm later expanded with the addition of Harry’s two sons, Sanford and Wallace and then his grandson, Lawrence, who currently serves as Managing Partner. Located in the Davidow’s hometown of Patchogue, New York, the law …

New York is only one of four states that still has not defined what marriage consists of, leaving many couples confused and unprepared for the future. The majority of the other states define marriage as a union between one man and one woman. This issue may not seem important, but …

In a major change in Medicare coverage rules, the Obama Administration has agreed to settle a class action lawsuit and end Medicare’s longstanding practice of requiring that beneficiaries with chronic conditions and disabilities show a likelihood of improvement in order to receive coverage of skilled care and therapy services.The policy …

Do you have an individual retirement account (IRA) that you’re leaving to your kids?  Or – flip that – do you expect to inherit an IRA?  Read this column carefully.  It could save you a ton of money in income taxes. Mistakes are painfully common when IRAs are passed to …

As the presidential campaign unfolds, the differences in approaches to Medicare by President Barack Obama and Republican nominee Mitt Romney have taken center stage. But what is getting far less scrutiny: Romney’s plans for Medicaid. He would convert the health care program for the poor, disabled and elderly into a …

You may have a vision for your retirement, but does your spouse share that vision? Spouses often disagree about many key retirement details. It is important to work together to come up with a plan you both can accept. A 2011 study by Fidelity Investments found that many husbands and wives are …

In a dramatic victory for President Barack Obama, the Supreme Court upheld the 2010 health care law Thursday, (June 28, 2012) preserving Obama’s landmark legislative achievement. The majority opinion was written by Chief Justice John Roberts, who held that the law was a valid exercise of Congress’s power to tax. …

Appeals Court: Denying federal benefits to same-sex couples is unconstitutional A federal appeals court has ruled that the Defense of Marriage Act, a law that denies a host of federal benefits to same-sex married couples, is unconstitutional. The 1st U.S. Circuit Court of Appeals in Boston ruled Thursday that the …

Let’s say you have a child with “special needs,” or a sister, brother, mother or other family member. You have not created a special needs trust as part of your own estate plan. Why not? We know why not. We have heard pretty much all the explanations and excuses. Here …

Studies show that older Americans want to remain in their homes for as long as possible – even when they are struggling. For growing numbers of elders – and concerned family members – the solution to their struggle is a home aide. If your family is considering hiring an aide, the …

On Tuesday, March 27th, the New York State Legislature voted to repeal the regulations utilizing an expanded definition of “estate” for Medicaid recovery purposes.  As a result, the prior definition of estate recovery, which limited estate recovery to only those assets included within the individuals’s estate and passing under the …

Researchers found that a simple questionnaire can help differentiate individuals experiencing normal age-related memory loss from those likely to be developing dementia. Note that those who often repeated questions, statements, and stories on the same day also were at very high risk for the development of amnestic mild cognitive impairment. …

Two Categories of Trusts: Revocable and Irrevocable Revocable TrustsA revocable trust is a trust which can be revoked or amended by its creator at any time and without anyone’s consent. Of course, the creator of the trust retains the unrestricted control of the trust assets so long as he or …

IntroductionWhen family members provide in their estate plans for individuals with disabilities, a bequest to a stand-alone special needs trust or to a special needs trust included in the will or revocable living trust is the usual vehicle of choice, especially when there is a need to protect eligibility for …