Close Menu
Call Today to
Schedule a Consultation
Bronx 718-822-2203
Bilingual in Spanish
Westchester 914-235-8500

Category Archives: Estate Planning

Planning3

401K And IRA Considerations When Planning For Medicaid: How Can You Keep These Accounts And Still Qualify?

By Cavallo & Cavallo |

If you or a family member are planning for Medicaid coverage and eligibility, the process can seem overwhelming at first. Since Medicaid is a needs-based program that reviews an individual’s income and assets, many wonder: how do I even qualify? You may have heard stories about others spending themselves into poverty just to get… Read More »

Facebook Twitter LinkedIn
EstPlan17

How Family Limited Partnerships Can Help With Estate Planning In New York

By Cavallo & Cavallo |

Estate planning involves a wide variety of aspects, including wills, trusts, advance healthcare directives and other crucial considerations. If you own a family business, estate planning can be even more complicated. You want your business and its assets to transfer smoothly to your next of kin, but without proper planning the IRS may consider… Read More »

Facebook Twitter LinkedIn
HouseForSale

Disclosures In Real Estate: What Is A Seller Required To Disclose In A New York Property Sale?

By Cavallo & Cavallo |

Property sales are one of the most important – but complex – transactions one can be involved with. For the seller, there is the preparation and anxiety associated with putting a home on the market and getting it ready to show. For the buyer, there is the process of viewing homes and ultimately selecting… Read More »

Facebook Twitter LinkedIn
EstPlan11

Asset Protection V. Estate Planning: What Is The Difference?

By Cavallo & Cavallo |

Asset Protection Asset protection refers to the process of shielding assets (such as real property, stocks, bonds, business interests, etc) from creditor claims, levies, liens, and seizures. Developing a plan with an experienced law firm will help to ensure your assets are covered in a smart and – most importantly – legal manner so… Read More »

Facebook Twitter LinkedIn
Assets2

Digital Assets And Accounts In Estate Planning

By Cavallo & Cavallo |

Creating an estate plan to distribute your savings and assets after death may seem straightforward at first. You’ll create a will listing your belongings and property holdings. Retirement accounts, 401k plans, stock holdings, trusts, and the like are all routine considerations as well. Perhaps you haven’t taken those first steps at all — a… Read More »

Facebook Twitter LinkedIn
CoupleSon

10 Common Mistakes In Asset Protection

By Cavallo & Cavallo |

Whether you are just starting to consider an asset protection plan, or have already begun, you may be aware of some important things to check off your list. You’ll also need to remember some things to avoid as you plan ahead, and common mistakes others make:  Not Making an Estate Plan in Combination with… Read More »

Facebook Twitter LinkedIn
Trustee2

5 Keys For Selecting A Trustee

By Cavallo & Cavallo |

When you establish a trust, you must also select a trustee to manage the trust’s assets after you pass away, and make sure that the trust is administered in accordance with your wishes. This could be anyone from a close relative to a corporate trustee. Because of the risks inherent in administering a trust… Read More »

Facebook Twitter LinkedIn
Trustee

What Are “NYSARC” Trusts And How Can They Help Me?

By Cavallo & Cavallo |

Many people count on SSI, Medicaid and other government benefit programs to meet their financial needs as they get older or suffer income instability and health issues. Another benefit option for New Yorkers is establishing a trust through NYSARC Trust Services. This can help keep a person with disabilities eligible for government benefit programs… Read More »

Facebook Twitter LinkedIn
NursingH13

Planning For Nursing Home Care: Medicaid Eligibility And Financial Planning Options

By Cavallo & Cavallo |

Nursing home and institutional care is costly, to say the least. A prolonged stay can wipe out a person’s life savings, destroying all that they have worked for and frustrating their plans to leave a legacy to their children or grandchildren. And what about the patient who has run out of money but still… Read More »

Facebook Twitter LinkedIn
AssetP4

Asset Protection Goals For The New Year

By Cavallo & Cavallo |

When most people think of asset protection, they think of financial strategies designed to better manage wealth. While that is an important consideration, assets are more than just money in the bank.Take a quick inventory of the things that matter most to you. Regardless of your occupation, the amount of property you own, or… Read More »

Facebook Twitter LinkedIn