Determining Who Your Successor Trustee Should Be

May Someone With Dementia Sign a Will?

Clifford M. Cohen July 6, 2020 No Comments

Millions of people are affected by dementia, and unfortunately many of them do not have all their estate planning affairs in order before the symptoms start.

How Your IRA Can Benefit Both Your Heirs and Charity

Clifford M. Cohen July 6, 2020 No Comments

With the SECURE Act making changes to rules about inherited IRAs, instead of leaving your IRA to your children, you may want to consider leaving it to a charitable remainder unitrust, which can still benefit your…

States May Not Terminate Medicaid Benefits During the Coronavirus Pandemic

Clifford M. Cohen June 24, 2020 No Comments

Access to affordable medical care is especially important during a health crisis. New federal law prevents states that have accepted increased Medicaid funding from terminating Medicaid benefits during the coronavirus health…

Seniors Affected by the Coronavirus Pandemic Have More Time to Apply for Medicare or Change Plans

Clifford M. Cohen June 24, 2020 No Comments

The closure of Social Security offices has affected unemployed seniors who need to apply for Medicare after losing their employer health coverage. These seniors now have more time to enroll in…

States Move to Immunize Nursing Homes from Liability During Coronavirus Pandemic

Clifford M. Cohen June 24, 2020 No Comments

The coronavirus pandemic has ravaged long-term care facilities. In response, many states have moved to shield nursing homes, and in some cases assisted living facilities, from lawsuits related to the…

Closeup lawyer or insurance agent pointing at contract showing male client where to signature sign.

Some Nursing Homes and Assisted Living Facilities Are Snatching Residents' Pandemic Relief Checks, FTC Warns

Clifford M. Cohen June 24, 2020 No Comments

The Federal Trade Commission (FTC) is warning residents of long-term care facilities and their families that some facilities may unlawfully require residents who are on Medicaid to sign over their…

Legal, contract or senior woman signature for disability compensation, planning insurance or agreement. Lawyer, financial advisor and consulting with man and mother for retirement deal review sign

How to Avoid Problems as a Trustee

Clifford M. Cohen June 3, 2020 No Comments

Being a trustee is a big responsibility and if you don't perform your duties properly, you could be personally liable. That's why it's important to hire the right people to guide…

Coronavirus Relief Funds Paid to Deceased Americans Must Be Returned

Clifford M. Cohen June 3, 2020 No Comments

In the wake of the coronavirus pandemic, some 150 million Americans received economic relief payments, including potentially millions of deceased individuals. After weeks of silence, the IRS has finally explained what to…

Pandemic Relief: Retirement Account Owners Do Not Have to Take Required Distributions in 2020

Clifford M. Cohen June 3, 2020 No Comments

Retirement account owners, many of whose retirement balances have been pummeled by a stock market drop due to the coronavirus pandemic, do not have to take mandatory withdrawals this year.

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