What happens if either I or my children become sick or disabled?
For over thirty years, Denis Brody has been a respected attorney and CPA who has devoted his practice assisting hundreds of families and the elderly in all aspects of Estate Planning, Asset Protection, Medicaid Planning, Elder Law, Probate, Special Needs Planning, Long Term Care Planning and Business Succession. We provide the full range of specialized Estate Planning and Elder Law services and strategies to help construct and implement a customized Estate Plan for each client’s individual needs for themselves, their families and/or elderly loved ones, in a caring, professional and cost effective way. These services include:
Estate Planning for the Elderly, the Disabled and their Families, including Wills, Probate and Estate Administration
Medicaid Eligibility and Planning, including Medicaid Crisis Planning
Special Needs Trusts to Plan for Children and Adults with Disabilities
Preparation of Trusts, including Revocable Trusts, Irrevocable Trusts, Irrevocable Life Insurance Trusts, and Medicaid Qualifying Trusts
Real Estate Transactions as part of Estate Plans
Our firm strongly believes that every estate regardless of size is important to each client. We will help you set up an Estate Plan that not only helps to minimize taxes, but also guarantees that your wishes are honored and that all of your assets that you worked hard throughout your lifetime to accumulate are protected and properly distributed and to ensure that your loved ones will be properly cared for.
Having the distinction of being both an attorney and a CPA is a benefit to his clients when assets are being transferred from one generation to another. His extensive background and expertise in all areas of taxation enables him to be able to consider the tax ramifications when identifying, planning and setting up an Estate Plan.
It is always important to consider as part of your Long Term Care Planning such things as estate taxes, capital gains taxes, income taxes, and how your estate will be taxed on your death. How the estate plan is constructed will impact on all of the aforementioned taxes. Many of our clients are also concerned with the cost of probate. To avoid probate, we use a variety of trusts that avoid the necessity of probate. Where probate is required, our firm handles all aspects of probate and estate administration.
Our firm is proficient in the use of such tax related entities as charitable remainder trusts, and family limited partnerships. We use credit shelter trusts to maximize the transfer of assets to heirs at the least amount of estate tax and irrevocable life insurance trusts to keep the proceeds of life insurance policies from being taxed as an asset of the estate. The proceeds of the Life Insurance policies are then distributed among your heirs for their support, education, etc. and to protect those funds from creditors and other third parties.
We also create Special Needs Trusts for you or your children in the event that either of you become sick or disabled including New York State Pooled Trusts in the event that your income is too high to qualify for Medicaid Home Care.
One of the most serious problems our elderly clients face is the possibility that they may be placed in a nursing home at a cost that will substantially deplete their assets. A major part of our Elder Law Practice is protecting those assets through the use of certain trusts such as Medicaid Qualifying Trusts and while still allowing our clients to qualify for Medicaid Nursing Home Coverage. We help protect the assets of individuals who need nursing home care but have too much income or assets to qualify for government programs. We also realize that many clients prefer to stay in their own home rather than a nursing home so we can also facilitate Medicaid Home Care as well. It is never too late to set up a plan, but because transfers may cause periods of ineligibility it is best to start the plan as soon as possible, especially in light of the Deficit Reduction Act signed by President Bush in Feb. 2006.
Besides planning and implementing estate plans for succession of ownership and control of family business, our firm is experienced in all aspects of Business, Commercial and Real Estate Law including incorporations, dissolutions, partnership agreements, business purchases, and sales, buy and sell agreements, contracts, commercial and residential real estate sales, financing and leasing matters.
We are considerate of our clients needs. We respond to all calls and correspondence promptly. We take into consideration that certain deadlines and unexpected emergencies arise and we help our clients meet these needs. We are here for our clients as their lives change and different services need to be provided.
Mr. Brody meets with each client personally and is readily accessible by telephone to answer all questions and clarify concerns. He offers a free consultation at his office, your home or any other location that is convenient for you. Evening and weekend appointments can be arranged. Major credit cards accepted.
If you or a loved one needs legal counsel of an experienced estate planning and elder law attorney in Nassau County, Suffolk County, Queens County or throughout the State of New York, please call Denis Brody, Esq; CPA at 516-932-5700, or complete the contact form provided on this site to schedule your free consultation.
Branches and additional offices:
(516) 932-5700333 Jericho Tpke Jericho, NY 11753-1100
Primary focus of the firm is tax audit defense and resolution of tax problems for individuals, corporations, partnerships, and all other types of entities.
The Law Office of Ronald D. Weiss, P. C. has concentrated in legally representing residents of Suffolk County and Nassau County, Long Island under Chapters 7, 11 and 13 of the Bankruptcy Code.