FEMA Now Provides Financial Assistance for COVID-Related Funeral Expenses

If you have lost a loved one due to COVID-19, FEMA now offers financial assistance for funeral expenses. Assistance is available retroactively for funeral expenses incurred after January 20th of last year. Eligibility Requirements To be eligible for assistance from FEMA, your loved one must have passed away in the United States (including U.S. territories

  • Clifford M. Cohen,
  •   Estate Planning FAQ
  •   Comments Off on FEMA Now Provides Financial Assistance for COVID-Related Funeral Expenses
  • Read More

The $250,000/$500,000 Home Sale Tax Exclusion

If you own your home and are thinking of selling, it can be important to understand the home sale tax exclusion so you can maximize your tax benefits. Did you know your exclusion may be up to $250,000 in capital gains if you are single, or up to $500,000 if you are married? Numbers like

How Can You Cover the Cost of a Nursing Home If Your Loved One Has Parkinson’s?

Learning that a loved one has been diagnosed with Parkinson’s disease is extremely difficult for family members to absorb. Oftentimes, and rightfully so, the initial focus of family members is obtaining the most advanced medical treatment available. Such care, however, can be costly. Furthermore, as the disease progresses, it may continue to impact your loved

  • Clifford M. Cohen,
  •   Elder Law FAQ
  •   Comments Off on How Can You Cover the Cost of a Nursing Home If Your Loved One Has Parkinson’s?
  • Read More

Three Reasons Why You Should Have A Pet Trust In Your Estate Plan

For many people, pets are like members of the family. Perhaps you have wondered what will become of your beloved companion if you become incapacitated and after you pass away? A pet trust could provide the answer. Let’s take a look at three reasons why you may want to consider a pet trust. First, a

  • Clifford M. Cohen,
  •   Estate Planning FAQ
  •   Comments Off on Three Reasons Why You Should Have A Pet Trust In Your Estate Plan
  • Read More

What You Can’t Do With a Will

While a will is one of the most important estate planning documents you can have, there are things that it won’t cover. A will is just one part of a comprehensive estate plan. 

How Your Estate Is Taxed, or Not

Congress sets the amount that an individual can transfer tax-free either during life or at death. The current estate tax exemption is so high that very few estates will have to pay an estate tax. 

Using Estate Planning to Prepare for Medicaid

Long-term care involves not only a loss of personal autonomy; it also comes at a tremendous financial price. Proper planning can help your family prepare for the financial toll and protect assets for future generations. 

  • Clifford M. Cohen,
  •   Elder Law FAQ
  •   Comments Off on Using Estate Planning to Prepare for Medicaid
  • Read More

What is Long-Term Care and Who Provides It?

Long-term care is the care you need if you can’t perform daily activities on your own for an extended period of time. There are a number of different ways that this kind of care can be provided. 

  • Clifford M. Cohen,
  •   Elder Law FAQ
  •   Comments Off on What is Long-Term Care and Who Provides It?
  • Read More