Blog Posts in 2015

Commercial Real Property Blueprint - Part 3: Leases, Assignments, Status Letters & Adjustments

You are under agreement and all necessary due diligence and permitting contingencies are completed. All that’s left is to gear up for closing, but…here is where the grind truly begins. ...
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Commercial Real Property Blueprint - Part 2: The Closing Agenda and Due Diligence

Commercial Real Property Blueprint : Part 2 – The Closing Agenda and Due Diligence Once a commercial real estate purchase and sale agreement is agreed to and executed by the parties, the ...
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Is Life Insurance exempt under Medicaid?

A common and confusing issue when determining eligibility for Medicaid in Connecticut, is the exemption or lack thereof of Life Insurance. The rules are as follows: Term life insurance of any amount ...
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Is my IRA an exempt asset under Medicaid?

IRAs are commonly used to save for retirement in a tax-deferred environment. There is a lot of confusion however as to whether or not the IRA is counted when determining eligibility for needs-based ...
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Who is buying homes these days?

It’s the Millennials! A few years ago, Generation X, ages 33-47, were at the top, buying at 31 percent, with Generation Y, the Millennials, younger than 32, at 28 percent, according to ...
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How much do I get to keep if I am applying for Medicaid?

Another very common inquiry regarding Medicaid in the State of Connecticut is "how much do I get to keep?" The answer is that an unmarried person who applies for Medicaid long-term care ...
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What is the 5 year lookback period?

One of the most common questions we get from elder law clients who wish to do medicaid planning is "What is the five year lookback period?" An applicant for Medicaid long-term care services ...
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How do I protect my assets from the nursing home?

One of the biggest concerns clients have when they come into our office for estate, elder care, or Medicaid planning is that they will end up spending all their assets on skilled nursing care and have ...
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The Commercial Real Property Blueprint - Part I: The Contract

Different from residential transactions, commercial transactions are often more complex and custom to the particular set of circumstances. Commercial transactions can be secured by an interest in real ...
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New HUD/ Combined Disclosures Coming in 2015

R.I.P. HUD-1 Settlement Statement: The Birth of Combined Disclosures Here lies the HUD-1 Settlement Statement 1974 (makeover in 2010 adding Truth In Lending and GFE) – August (or October) 1, ...
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Does A Person Who Is Single Need a Will?

More people in today's day and age are choosing to remain single. For some this is because they have divorced and do not want to get married again. For others, they have chosen not to get married ...
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