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So far amc has created 15 blog entries.

Carrozza Recommendation

Click to see our latest client review March 17, 2020 213-38 40 Ave Bayside, N.Y. 11361 Dear Ann, On Friday, March 13, 2020, my wife Eileen and I met with you at your Port Jefferson office for a periodic review of our Family Trust and Power of Attorney documents. Additionally, we updated our financial status,

Covid-19

With our unwelcome free time and laser focus on health, this is probably a good time to review and possibly update our Health Care Advance Directives. We should reconsider who we want to make treatment decisions in a hospital setting, in the event that we are unable to speak for ourselves. In NYS, this is

Medicaid Spousal Refusal in New York is Under Attack-(Again)

The Governor’s ‘Medicaid Redesign Team’ recently proposed eliminating spousal refusal. What would this mean for NY seniors? The term Spousal Refusal sounds mean-spirited. Should an individual be allowed to legally walk away from his or her spouse’s long term care bills? In many cases, I believe the answer is yes. Here’s why: Long Term Care

Retired Newlyweds

Legal Planning for a Second (Third or Fourth) Marriage Love May be Lovelier- but it is also a Whole Lot More Complicated the Second Time Around Dennis Quaid, 65 just popped the question to 26 year old Laura Savoie. They would be INSANE not to do a PreNup! The divorce rate for second marriages exceeds

Estate Planning with Pre & PostNups 2020

By most accounts, approximately 43% of marriages end in divorce. Hammering out the financial issues in advance can prevent much costly legal wrangling later. If you feel it is unromantic to establish end-game parameters ahead of time, guess what- they already exist in the form of divorce law. If you are the prospective spouse with

Who Get’s Fido?

It looks like the Miley Cyrus and Liam Hemsworth split should be a relatively smooth one- legally speaking.  By all reports, the couple entered into a prenuptial agreement, in advance of their 8 month marriage. No children, no one in need of support- what could present a legal wrinkle?  Custody of the Pets!! The couple

Avoiding Blended Family Chaos

When you or your partner have children from a prior relationship, some advance planning is critically important. Some thought must be given to likely sources of conflict between one's adult children and a surviving spouse or domestic partner.   The biggest source of contention involves the house.  Adult children often believe it should be left to

Even Happy Couples Should Consider a PostNup!

I believe that all couples should consider a limited PostNuptial agreement to ensure that their estate planning goals are carried out.  Most married couples have wills or trusts that provide for each other upon the first death, and then their children upon the second death.  This plan, however, is often turned on its head when

Never Put the House in Junior’s Name!

The single biggest estate planning mistake is to put real estate into children's names.  The motivations for doing this are understandable.  People wish to avoid probate, protect the home from long term care costs, and tax consequences.  This simple transfer, however, will create a host of problems for both the parents and children.  First, the

Financial Infidelity

Nearly one-half of adults surveyed admitted to keeping financial secrets from their partners.  Some of my clients tell me that they keep spending and/or debt levels secret in an attempt to avoid fighting over the subject.  It is true that financial fights are among the top causes of all break-ups.   Keeping money woes a