Category: Disability
“It is critical that parents and grandparents give careful thought to any gift of money or bequest in an estate plan, when the recipient has special needs.” Parents and grandparents do all they can to help their children and grandchildren lead their best lives, and that often extends to the child or grandchild’s adult lives. […]
“The more you know about Social Security, the more you’ll likely be able to get out of the program.” Famous motivational speaker Zig Zigler reportedly said “If you want to earn more, learn more.” That’s true for careers and investments. It is also true for Social Security. The more you know how Social Security works, […]
“When parents start the planning process for a child with special needs, they usually work under the perception that if they create a special needs trust (SNT), the child will be taken care of and the needs will be met.” Funding a Special Needs Trust is just the start of the planning process for families […]
It is important to realize that you can name your power of attorney. A power of attorney is someone you name to act on your behalf should you become unable to handle your finances or make your own decisions. If you do not have a power of attorney, then someone will be named to act […]
It will most likely be difficult or impossible to complete the tasks if all the facts are not available. When you go to visit an elder law and estate planning attorney, it is important to tell the truth about all aspects of your family members and other potential heirs. If not, it is possible the […]
A “cost of care” survey reveals high annual expenditures for care. People are often unaware of the fact that health insurance and Medicare will pay little, if any, of the costs of long-term care, according to the New Hampshire Business Review in “The dilemma of long-term care“. Some families may try to care for a […]
Working and saving without risking benefits. Achieving a Better Life Experience, or ABLE accounts, now allow children or adults with disabilities to save as much as $100,000 without risking their benefits, according to Consumer Reports, in “ABLE Accounts Can Help People with Disabilities Save Tax-Free“. For many years before ABLE accounts were set up in […]
What might happen if you have the talent for success but not the talent for business? As can often be the case, many extremely talented people accumulate large estates and they often are not prepared to take on the task of organizing the transfer of assets, according to the Reno Gazette Journal in “Yes, even […]
Attorney Michael J. Amoruso was honored with the Section Award for his efforts in furtherance of the rights of the Elderly and Persons with Disabilities at the opening session of the New York State Bar Association Elder Law & Special Needs Section 2018 Annual Meeting in NYC. As he accepted the award, Michael urged his fellow […]
Here’s another reason to be excited: WE DID IT!! Michael worked the phones with the NYS Dept. of Health and coordinated with the New York Chapter of the National Academy of Elder Law Attorneys to get NYS into compliance with the Special Needs Fairness Act that he worked so hard to pass and succeeded in […]
