394 Manor Road
Staten Island, NY 10314
Not One Day. Today
call 718.698.2200

Our Blog

Friday, May 29, 2020

Should You Loan Money to a Family Member?


Lending money to a family member could be a beneficial thing, or it could harm your relationship with that person for many years. The odds are that the relationship will get damaged permanently. Some financial experts advise that you should only lend money to a relative if you are willing to sue that person. While that guidance might sound harsh, you should protect yourself from adverse tax consequences and losing the money forever.

A


Read more . . .


Friday, May 29, 2020

Estate Administration Attorneys Help Executors Avoid Pitfalls


Q: Can an Executor pay beneficiaries whenever he or she wants?

When sitting down with a New York or New Jersey estate planning attorney to make a comprehensive estate plan, you’ll be deciding many important things that impact not only the end of your life and the financial future of your loved ones, but also what will happen to you if you become incapacitated by an illness, condition, or accident prior to your death.

Generally, you’ll execute a last will and testament and/or a trust to distribute assets in accordance with your wishes. You may do Medicaid planning to secure your assets in the event that you need long-term nursing home care at some point.
Read more . . .


Thursday, May 21, 2020

Plan Early for Possible Nursing Home Care


Q: How do I plan for nursing home care?

New York and New Jersey elder law attorneys help the elderly and their adult children plan for how their golden years will be spent.

While most people hope to avoid ending up in a nursing home, that is not always possible. So Read more . . .


Thursday, April 30, 2020

What Is Medicaid Planning?


The cost of long-term care in the United States is steep and continues to climb year after year. There are few that can afford long term nursing home or assisted living care for very long and even fewer that can do so without having assets rapidly depleted down to nothing. Medicaid is a program administered on both the federal and state level that helps cover the cost of long-term care for individuals with limited income or financial resources. Many will look to Medicaid in later years to help cover the substantial costs of long-term care, but qualifying for these much-needed benefits can be difficult.

What is Medicaid Planning?

There are strict requirements for qualifying for critical Medicaid benefits.
Read more . . .


Tuesday, April 28, 2020

The Impact of Coronavirus Layoffs on the NYC Rental Market


Q: Can tenants in New York City defer rent payments due to coronavirus layoffs?

The global pandemic surrounding the coronavirus (or COVID-19) is expected to deal a large blow to the economy as staggering numbers of Americans are losing their jobs and countless businesses are threatened by losses caused by the prolonged government lockdowns. Heavily-populated New York City -- as the epicenter of America’s COVID-19 cases--may be particularly hard-hit.

New York and New Jersey real estate attorneys who work with landlords and tenants are bracing for an anticipated uptick in litigation--especially over tenants falling behind in their rent-- if unemployment rates and the general economy don’t turn around quickly.
Read more . . .


Thursday, April 23, 2020

Doing Your Estate Plan During the Pandemic


Q: Can I make a will during the coronavirus pandemic?

No one likes to think about dying. That’s one of the popular reasons people postpone having their last will and testament drawn up, according to New York and New Jersey estate planning attorneys.

A global pandemic can change all that.
Read more . . .


Monday, April 20, 2020

Selling Your Home During a Pandemic


Q: Can I still sell my house during the coronavirus pandemic?

If you are considering selling your home in New York or New Jersey, you might wonder what the coronavirus, or COVID-19, pandemic might do to those plans.

Read more . . .


Friday, March 27, 2020

The Impact of Home Improvements on Home Value


Q: Do all home upgrades increase its market value?

If you are considering selling a home in Staten Island or New Jersey, you may be wondering what needs to be addressed in order to maximize your selling price. In general, fresh paint and new flooring goes a long way in sprucing up the interior, as clean landscaping and plantings enhance curb appeal. But not every dollar spent on home improvement projects will generate a worthwhile return on the investment.
Read more . . .


Monday, March 23, 2020

Four Things to Understand About Estate Taxes in 2020


A factor in any estate plan is dealing with the potential for tax liability. Your estate and your heirs could have a significant tax liability if you are not careful when creating a plan to finalize your affairs after your death. Because of the recent changes in tax laws, it may be a good time to review your estate plan with a New York estate planning attorney to ensure that you are taking steps to reduce the tax liability for your heirs and loved ones.
Read more . . .


Thursday, March 19, 2020

How Do I Use a Quit Claim Deed?


Before accepting a deed to real estate in New York, it is best to consult a New York real estate attorney. For many people, real estate is the most valuable asset they own. Before investing in real estate, it is wise to ensure that you are receiving good and marketable title.
Read more . . .


Monday, March 16, 2020

Getting Your Estate Plan in Order Before Retirement


Q: What planning should I do before I retire?

Ah, retirement. The golden years. The time to slow down, leave the long workdays behind, and finally reap the rewards of a lifetime of saving for the future. It’s finally time to focus on pursuing the things that interest you most. But before you head to the beach, the green, the airport, or the grandkids, you should check on the status of your estate plan.
Read more . . .


Archived Posts

2021
2020
December
October
September
August
July
June
May
April
March
February
January
2019
December
November
October
September
August
July
June
May
April
March
February
January
2018
December
November
October
September
August
July
June
May
April
March
February
January
2017
December
November
October
September
August
July
June
May
April
February



© 2021 Merlino & Gonzalez | Disclaimer
394 Manor Road, Staten Island, NY 10314
| Phone: (718) 682-7015

Trust & Probate | Education | About Us | Practice Areas

Law Firm Website Design by
Amicus Creative