Deficient Nursing Homes Listed

- By : P. Patel

The federal Centers for Medicare & Medicaid Services (CMS) has released the complete list of U.S. nursing homes that have failed to meet safety and quality standards for care.The list, which identifies 131 “Special Focus Facilities” that require additional oversight,

Living Wills in New Jersey

- By : P. Patel

Living Wills in New Jersey Anyone who cares about the feelings of their family members, or their own final health care treatment, should consider executing a Living Will. It has become an essential element in the practice of Estate Planning

Recent Case Allows Special Needs Trust After Death

- By : P. Patel

A New York trial court recently approved a trustee’s petition to reform his deceased father’s trust in order to protect his disabled sister’s Medicaid benefits. In Matter of Newman (2008 NY Slip Op 50127, Jan. 22, 2008). When he died

New guidance on fixing a botched IRA stretch after it’s “too late”

- By : P. Patel

To preserve the ability to stretch IRA distributions for a beneficiary, that individual must start taking withdrawals based on his/her life expectancy in the year after death. If those required withdrawals don’t start on time, can you still rectify the

Living Trusts Are Revocable And Not An Asset Protection Tool

- By : P. Patel

This great post comes from Jennifer N. Sawday of The California Estate Planning Blog. Her post is titled: Living Trusts Are Revocable And Not An Asset Protection Tool and describes a fundamental (and often misunderstood) aspect of asset protection planning

Mediating Probate Disputes

- By : P. Patel

A lawyer involved in a probate dispute must be able to advise his or her client both about the client’s legal rights and remedies and about the client’s options for resolving the dispute. If the lawyer advises the client only

Introduction to Special Needs Estate Planning

- By : P. Patel

Special Needs Estate Planning focuses on the need to provide for the special needs of our loved ones with disabilities when we are no longer there to organize and advocate on their behalf. It is essential that we start planning

THE ABCs OF STRETCH IRAs

- By : P. Patel

You can plan to have your heirs inherit your IRA assets.   Can an IRA keep growing for a century or more? In theory, it can. Some people are planning to “stretch” their Individual Retirement Accounts over generations, so that

A Change in Domicile to Florida Can Help Minimize Taxes

- By : P. Patel

The below article applies to New Jersey, as well as New York Retirees who have homes in both New York and Florida may be able to reduce or eliminate New York income and estate taxes, and also reduce the real

“Leave a Legacy” – Beneficiary Designation on your Retirement Plan

- By : P. Patel

Published in the Robert Wood Johnson Foundation newsletter. By Parag Patel Esq. Your largest asset may be your retirement plan. But did you know that your retirement plan can be taxed TWICE at your death? When you plan your estate,