Linda L. Kordes, Attorney at Law
NEWS
- Oct 1, 2010 - The article focuses on the need for a well-drafted and executed power of attorney to delegate authority on behalf of an elderly or disabled person, and where none exists, the need to then commence a guardianship proceeding to obtain that same authority. Guardianships are expensive, time consuming, and, in many cases, difficult to win. Two case studies present unique issues of law within the scope of the Mental Hygiene laws, the statutes that govern most aspects of the guardianship proceeding.
- July 25, 2008 - The New York State budget reflects a substantial increase in the Medicaid resource limits: from $4,350.00 to $13,050.00 for a single applicant.
- Sept 19, 2007 - We are pleased to announce that we now accept American Express for all payments and services. This will provide our clients with a larger variety of payment options.
- Aug 6, 2007 - Anyone who does not wish to be kept alive in the event of a persistent vegetative state resulting from illness or injury should prepare specific written directives.
Guardianship Concerns in New York State
Medicaid Resource Limit Increase
American Express Now Accepted for Payments
Health-Care Proxies
Trusts
A trust is a document whereby an individual (grantor) transfers some sort of real or personal property to another (trustee) to hold and manage for the benefit of a third person (beneficiary).
A revocable trust can be terminated and an irrevocable one cannot be terminated. A trust can be created during the lifetime of the grantor or after his death.
A trust can can be created for many lawful reasons. The most common purposes are trusts created for tax planning, investment planning and disability and Medicaid planning. Frequently, the creation of a trust serves several purposes benefiting several people.
Note: This content is based upon the law as it exists today in New York State, and that it is general in nature and not designed to specific situations that may have additional facts not contemplated by the author.