Brian A. Raphan, Esq.Nov 1, 20211 minUpdate: Medicaid Deadline is approaching. Don't lose out.Essentially, free home care services! There is an important deadline coming up for New Yorkers: March 31, 2022. When the...
Brian A. Raphan, Esq.Aug 10, 20212 minBe Careful Not to Name Minors as Your BeneficiariesMost people want to pass their assets to their children or grandchildren, but naming a minor as beneficiary can have consequences...
Brian A. Raphan, Esq.Jul 9, 20212 minGiving Your Home to Your Children Can Have Tax ConsequencesMany people wonder if it is a good idea to give their home to their children. While it is possible to do this, giving away a house can have
Brian A. Raphan, Esq.Mar 1, 20211 minUpdate: New Remote Notary & Medicaid DeadlinesThere are two important deadlines coming up for New Yorkers: July 5th, 2021, and January 1st, 2022. Remote Notarization of documents and ...
Brian A. Raphan, Esq.Nov 5, 202010 minHow to financially plan for an Alzheimer’s or Dementia diagnosisTo help those who have been diagnosed and their families plan for future expenses, below is a guide which discusses the legal and...
Brian A. Raphan, Esq.Mar 2, 20203 minAn Estate Fight May Be Coming Over Ric Ocasek’s EstateRic Ocasek's Estate. Under New York law, if her elective rights are upheld, Porizkova would be entitled to one-third of all estate assets...
Brian A. Raphan, Esq.Feb 2, 20203 min10 Reasons to Create an Estate Plan NowEstate Planning is for everyone regardless of their net worth. Below are 10 prudent reasons to create an estate plan now.
Brian A. Raphan, Esq.Apr 10, 20192 minProving That a Transfer Was Not Made in Order to Qualify for MedicaidMedicaid law imposes a penalty period for unqualified transfers.
Brian A. Raphan, Esq.Aug 4, 20184 minDid You Know Choosing Retirement Account Beneficiaries Can Have Tax Implications?Retirement Account Beneficiaries & Tax Implications
Brian A. Raphan, Esq.Jun 18, 20182 minCareful…Gifting To Family Can Affect Medicaid EligibilityAny transfer that you make, however nominal, may be scrutinized. - Matthew S. Raphan, Esq.
Brian A. Raphan, Esq.Jun 13, 20184 minAnthony Bourdain Left Loved Ones In Limbo But The Heirs Will End Up Better Than Michael Jackson’sVia The Wealth Advisor Scott Martin Contributor He lived on the edge and died without warning. The family needed a disaster plan to...
Brian A. Raphan, Esq.Jun 12, 20182 minHow to Protect an IRA From Heirs’ CreditorsWhen a person declares bankruptcy, an individual retirement account (IRA) is one of the assets that is beyond the reach of creditors, but...
Brian A. Raphan, Esq.Jun 7, 20187 minHere’s 6 good reasons you should consider a trust…Trusts can help you control your assets and build a legacy. Via FIDELITY VIEWPOINTS 06/06/2018 Key takeaways Trusts can help pass and...
Brian A. Raphan, Esq.Feb 21, 20182 minStepmothers and Estate Planning: Who inherits?Via Quentin Fottrell Dear Moneyologist, My dad passed away five years ago. He did leave a will on how he wanted his estate to be...
Brian A. Raphan, Esq.Feb 14, 20183 minOoops! Did you choose the wrong executor?You finally got around to making your Will. You deserve a sigh of relief. But did you choose the right executor? Or have you burdened an...
Brian A. Raphan, Esq.Dec 12, 20174 min10 Really Good Year-End Tax TipsVia By Maryalene LaPonsie, Contributor With the end of the year looming, the window is quickly closing for taxpayers who want to minimize...
Brian A. Raphan, Esq.Sep 6, 20172 minBe Aware of the Kiddie Tax Before Leaving an IRA to ChildrenGrandparents may be tempted to leave an IRA to a grandchild because children have a low tax rate, but the “kiddie tax” could make doing...
Brian A. Raphan, Esq.Aug 31, 20172 minState Properly Valued Sale of Medicaid Applicant’s Life Estate…An Ohio appeals court rules that the state correctly valued the sale of a Medicaid applicant’s life estate using the specific state...
Brian A. Raphan, Esq.May 19, 20172 minMedicaid Benefits – House Transfer: Deed Does Not ConflictReservation of Power of Appointment in Deed Does Not Conflict With Conveyance of Property to Children A Massachusetts appeals court rules...
Brian A. Raphan, Esq.Apr 13, 20171 minA Medicaid Applicant’s Purchase of Life Insurance Policy Is Transfer for Less Than Market ValuAn Illinois appeals court rules that a Medicaid applicant’s purchase of a life insurance policy was a transfer for less than fair market...