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You Did Medicaid Planning, You Created An Irrevocable Trust. Now, Make Sure The Trustee Files A Tax Return (Or Not)

Most irrevocable trusts created for the purpose of protecting assets from the costs of long term care (i.e., the nursing home) must file a Form 1041 (for IRS Federal filing purposes) and a Form IT-205 (for New York State filing purposes) only once — for the year of creation. This is not unusual. There are…

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It’s President’s Day And An Executive Order For You – Get Your Estate Planning In Place

According to the website History.com, “Presidents’ Day is an American holiday celebrated on the third Monday in February. Originally established in 1885 in recognition of President George Washington, it is still officially called “Washington’s Birthday” by the federal government… While several states still have individual holidays honoring the birthdays of Washington, Abraham Lincoln, and other…

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Happy Valentine’s Day! Now Get Your Estate Plan In Place

Happy Valentine’s Day! Spend the day, or the weekend, with your special someone. Jewelry, flowers, chocolate, steak, and cheesecake! Keeping the good, loving, and festive mood in mind, get your estate planning in place. Estate planning is not romantic but really shows that you are thinking of them and love them. Futterman & Lanza, LLP…

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East Northport Client Visited by Elder Law Attorney

Yesterday evening, Futterman & Lanza, LLP visited a client from East Northport, NY at her home. Unfortunately, paperwork needed to be executed in order to have her and her brother appointed as administrators of their mother’s estate. This paperwork now needs to be filed at the Suffolk County Surrogate’s Court located in Riverhead, NY. Futterman…

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Central Islip Client Visited by Elder Law Attorney in Nursing Home

Today, Futterman & Lanza, LLP visited our client from Central Islip, NY at the Our Lady of Consolation Nursing and Rehabilitative Care Center located in West Islip, NY. Documentation needed to be finalized to protect the client’s home from the costs of his stay in the nursing home. Although a Medicaid recipient’s primary residence does…

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St. James, NY Client Updates His Estate Plan

On Monday, Futterman & Lanza, LLP updated estate planning documents for a client living in St. James, NY. He revised his last will and testament to leave his estate to his daughter in a trust versus leaving her inheritance outright to her. The trust was designed to protect her inheritance from creditors and matrimonial disputes….

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