Notice:
The safety of our team and clients is very important to us. Effective March 23, we will temporarily close our physical office and will work remotely. We will continue to support and guide our clients through these difficult times. We continue to work with clients and consultations can be scheduled for Zoom or phone meetings.
To reach us, call the office at 516-587-5555 or email us
at MD@davidovlaw.com or ILANA@davidovlaw.com. We look forward to continuing to serve you.
Preserve Your Legacy
Estate Planning | Elder Law | Special Needs Planning
Roth IRAs have wonderful benefits: tax free growth and tax free distributions. So, when you have the opportunity to convert assets from a traditional IRA to a Roth IRA, should you make the conversion? Here are some considerations that will help you to decide: Zero tax bracket : If a full conversion or partial conversion can be offset by deductible losses (i.e. business losses, mortgage interest, ...
If you’re like most people you know that your trusted helpers need access to your estate planning documents. However, you may not realize that your helpers need access to other information as well so that they can carry out your wishes if you become disabled or die. Your estate planning helpers are the trustee of your trust, the executor of your Will, and your agents under your Power of Attorney ...
If you’re like a lot of people you know you should have a Will and feel guilty that you don’t have one. There’s another large group of people who don’t know if they need a Will or they think that they don’t need a Will. Which group are you in? Okay, first of all, EVERYONE, age 18 or older, needs a Will . Yes, everyone. Even you need a Will; no matter what. For those of you with trust planning, you ...
It is common for families not to talk about such things as what they will inherit when mom and dad is gone. This type of conversation can be uncomfortable for parents, and make children feel as if they are doing something wrong for even thinking about such things. As a result the subject is often swept under the rug until the time comes that there is no choice but to talk about it. This can lead ...
The month of February and Valentines Day brings a celebration of love and stirs couples to rekindle feelings of romance and devotion. Not so different from young couples are aging seniors, celebrating memories of sweethearts and romance in days gone by. Sit a while with a senior couple and they will soon be telling you their romance story or listen to a widow or widower as they sing their favorite ...
The power of attorney is a powerful document; likely the most powerful legal document that you’ll ever sign. However, it is not an all powerful magic wand. The power of attorney has limits. Not a Magic Wand The power of attorney is not a magic wand because it’s not always honored, especially if it’s older or the signature looks scribbled. It is common place for a power of attorney to be refused ...
Choosing a nursing home for a loved one is a highly stressful experience. Both emotions and finances are involved. Having counseled numerous families during these difficult times, I understand your feelings and am providing these suggested questions to guide you in choosing a nursing home. Do I like the location? Is the nursing home facility near loved ones, friends, church, and favorite places ...