Gene L. Osofsky of the law firm Osofsky and Osofsky asserts that U.S. medical care has become a “mountain of cost.” Elder Law attorney Gene L. Osofsky, like many Americans, recently read a feature article in the April 27, 2009,…
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2006 California Case Disqualifies “Care Custodians”
Gene L. Osofsky, of the law firm Osofsky & Osofsky, explains how being regarded as a “care custodian” may disqualify a person from being a beneficiary of a testamentary distribution. “It might seem counterintuitive,” says Elder Law specialist Osofsky, “but…
Pros and Cons of Joint Accounts
Probate can be a difficult process. But using joint accounts to avoid it may not always be a good idea. If you are thinking that joint accounts are a foolproof way to escape probate and funnel dollars to loved ones…
Great Recession of 2009 Makes Power of Attorney Essential
The Durable Power of Attorney is no longer a luxury. For your Elder Law counsel, it has become essential. It is the worst economic downturn since the Great Depression of the 1930s. The decline and associated roller coaster ride on…
Patient Advocacy Groups Support Legislation to Eliminate Two-Year Medicare Waiting Period
The Coalition to End the Two-Year Wait for Medicare enthusiastically supports the introduction of the Ending the Medicare Disability Waiting Period Act of 2009. The Act would eliminate the current two-year delay in coverage for people with severe disabilities who…
Living Trusts provide valuable estate planning benefits
The Revocable Living Trust has been growing in popularity as an estate planning tool for several years. The trend toward making a Living Trust an important element of an estate plan is understandable. A Living Trust offers benefits to both…
Medicaid planning and the look-back period
While the subject may be difficult to think about, it remains a fact that most people will spend some portion of their lifetimes in an assisted care facility. The possibility also exists that individuals may run up large medical bills…
Bernard A. Krooks to be Featured Speaker at Estate Planners Day 2009 in New York City
Bernard A. Krooks has been invited to be the featured speaker at Estate Planners Day 2009, an event sponsored by the Estate Planning Council of New York City. Mr. Krooks will present on the topic of “Use of Special Needs…
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