Tag Archives: Medicaid Planning

A Measured Approach to Selecting the Right Trustee

A trust is often only as good as the person selected to manage it. It may a daunting process, but selecting the right trustee and having fail-safes in place are crucial to ensuring the complexities of a trust are handled appropriately. Here are some of the pros and cons of choosing different trustees. Advantages of […]
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Q&A: Medicaid Planning

There are many things to consider when applying for Medicaid and the process can be very confusing. It’s also important to start planning for Medicaid before you actually need to apply. Below are some frequently asked questions we hear from individuals regarding Medicaid planning and eligibility. Question: What is Medicaid? Answer: Medicaid is a Federally, […]
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What Are the Main Reasons People Create Trusts?

People create trusts for various reasons. The main reasons are to: Avoid probate; or Pay less in federal and/or state estate taxes. This article will discuss the uses of trusts in estate planning and whether they are right for you. Avoiding Probate People who desire to avoid probate usually want to do so because they: […]
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Estate Planning Concerns for Couples Without Children

If you don’t have children, you may think it is not that important to engage in estate planning. In fact, it may be more important. There are hidden concerns for couples without children. In many scenarios, your assets may pass to an individual or individuals you would never want to receive them. A typical example of a married […]
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Falling into Autumn: A Season of Harvest & Reflection

Autumn is a second spring when every leaf is a flower. – Albert Camus Today marks the first day of Autumn. Traditionally, winter is a period of rest and renewal, spring is filled with promise, summer is the time for growth, and autumn is the season of harvest and reflection. After spending the year planning, […]
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Seven Non-Tax Reasons to Create a Trust

Using trusts as an estate planning tool is often done to achieve tax savings. By setting up certain types of trusts, a high-net-worth individual can avoid exposure to estate taxes levied by the federal and state governments. While this is an important consideration if your estate is likely to be liable for death taxes, there […]
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Happy Grandparents Day!

Free Estate & Medicaid Planning Seminars

Upcoming Seminars The Herzog Law Firm offers free Estate & Medicaid Planning seminars in Albany County, Saratoga County, Rensselaer County, Schenectady County, Warren County and Ulster County. Unsure if your assets are protected? Are you considering applying for Medicaid? Whether you’ve already begun or are just starting to research estate planning, the Herzog Law Firm offers […]
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