Estate Planning and Retirement Considerations for Late-in-Life Parents
Older parents are becoming more common, driven in part by changing cultural mores and advances in infertility treatment. Comedian and author Steve Martin had his first child at age 67. Singer Billy Joel just welcomed his third daughter. Janet Jackson had a child at age 50. But later-in-life parents have some special estate planning and retirement considerations.
The first consideration is to make sure you have an estate [...]
Is the “Right of First Refusal” a Good Idea forChild Custody Agreements?by Michael Osburn, Esq.
What is the “Right of First Refusal”?
During the negotiation of a child custody agreement, a parent will sometimes ask whether he/she can have the “right of first refusal.” The idea is that if one parent is unable to care for the child during his/her designated custodial period, the other parent must be given the opportunity to care for the child before entrusting [...]
On March 29th, 2018 Attorneys Greg Catarella and Al Kukol spoke at the Broome County Bar Association's Elder Law 2018 CLE. Greg presented on 'Medicaid Planning Tools', and Al spoke about 'The New Tax Rules.' Thank you for sharing your expertise with your fellow attorneys!
In 2009 a female employee at Broome Developmental Center commenced an action for sexual harassment. The case was tried before a jury in Broome County Supreme Court during the week of March 12th. After 2 days of deliberations, the jury returned a verdict this past Monday (March 19th) against Broome Developmental Center, finding they failed to protect the female from the hostile work environment that arose from being a victim of sexual harassment as well as her reporting of the harassment. [...]
Costs of Some New Long-Term Care Insurance Policies Going Down in 2018
While long-term care insurance costs are up in general, some policies are going down in 2018, according to the 2018 Long Term Care Insurance Price Index, an annual report from the American Association for Long-Term Care Insurance (AALTCI), an industry group.
A married couple who are both 60 years old would pay an average of $3,490 a year combined for a total of $333,000 of long-term care insurance coverage when they reach [...]