Author Archives: Ron Fatoullah

The Elder Law Minute: How Will The Election Results Affect Seniors?


| rfatoullah@queenscourier.com

By Ronald A. Fatoullah, Esq. and Yan Lian Kuang-Maoga, Esq. Now that President Barack Obama has won a second term, what does it mean for seniors? What impact, if any, are seniors to expect with regard to long-term care costs and estate taxes? The good news is that his re-election means Medicare and Medicaid as […]

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The Elder Law Minute: Gift tax exclusion will increase to $14,000 in 2013


| rfatoullah@queenscourier.com

By Ronald A. Fatoullah, Esq. and Debby Rosenfeld, Esq. The annual gift tax exclusion will increase from $13,000 to $14,000 effective January 1, 2013. In other words, an individual will be able to gift $14,000 per person (a couple may give $28,000) per recipient every calendar year without any gift tax ramifications whatsoever. Therefore, a […]

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The Elder Law Minute: Do I Have the Right to Die?


| rfatoullah@queenscourier.com

By Ronald A. Fatoullah, Esq. and Lian Kuang, Esq. On October 5, 2012, a New York Appeals Court ruled in support of SungEun Grace Lee (Grace), a 28 year old banker who wanted to be taken off life support and allowed to die. Grace, who has terminal brain cancer, is paralyzed from the neck down […]

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IRS to crack down on IRA tax rules


| rfatoullah@queenscourier.com

An individual retirement account (IRA) is a form of retirement plan that provides tax advantages for those individuals who set aside savings for their future retirement. Taxpayers can contribute a certain amount each year and reduce their annual taxable incomes by the amount contributed. Further, until the individual IRA owner reaches the age of 70 […]

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The Elder Law Minute: Is it better to remarry or just live together?


| rfatoullah@queenscourier.com

By Ronald Fatoullah, Esq. and Lian Kuang, Esq. Finding love later in life may be unexpected and exciting, but should it lead to marriage? For an older couple, the decision to marry or not may involve very different considerations than for a young couple.  For example, an older couple may have adult children whose inheritance […]

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The Elder Law Minute: The Pitfalls of Do-It-Yourself Legal Documents


| rfatoullah@queenscourier.com

A good portion of our practice is comprised of meeting with new clients, collecting their pertinent information and coming up with a strategy that incorporates both estate and/or elder law planning that meets their specific needs. We typically ask to review a client’s prior estate/elder law documents during the consultation if, in fact, any planning […]

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