3 Elder Law Tips

 

Do you have questions about elder law? Check out these 3 elder law tips for guidance, then give our Buffalo lawyers a call to get started.

Should I Use a Life Estate Deed to Protect my House?

3 Elder Law TipsAs a Buffalo Elder Law Attorney, people often ask me about life estate deeds.

  • I would recommend life estate deeds for Medicaid planning
  • One can keep their property tax exemptions and the property will pass to their children without probate

Should I Get a Living Trust?

As a Buffalo Elder Law Attorney, I am often asked by clients whether or not they should have a living trust.

  • This depends on the situation of the individual
  • There are situations where a living will is a good idea

Should I Sign a POA Statutory Gift Rider?

As a Buffalo Elder Law Attorney, I am often asked what is the power of attorney statutory gift rider.

  • The basic power of attorney now authorizes the agent to make gifts of only $500 per year
  • If you wish to authorize your agent to make gifts of more than $500, then you need to sign the statutory gift rider

Do you have questions about these 3 elder law tips that we have provided? If so, contact the experienced Buffalo Elder Law Attorney Robert Friedman.

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