Will AI Tools Like ChatGPT Ever Replace the Human Element in Legal Advising and Representation?
Will AI Tools Like ChatGPT Ever Replace the Human Element in Legal Advising and Representation? By Barry Janay with co-author Perplexity The legal profession is undergoing a technological revolution, with AI tools such as ChatGPT increasingly being used to assist lawyers. However, the question remains: can these tools ever fully replicate the human element in […]
Funding a Trust with Life Insurance: Key Concepts and Pitfalls to Avoid
Funding a Trust with Life Insurance: Key Concepts and Pitfalls to Avoid By Barry E. Janay, P.C. Estate planning is a crucial step in securing your family’s financial future, and one powerful tool in this process is funding a trust with life insurance. At The Law Office of Barry E. Janay, P.C., we understand the […]
When is Inheritance Calculated for Estate Tax Purposes in New York and New Jersey?
When is Inheritance Calculated for Estate Tax Purposes in New York and New Jersey? Understanding the timing of inheritance calculation for estate tax purposes can be crucial for beneficiaries and executors alike. In both New York and New Jersey, the date of calculation is not necessarily the date of death, which can have significant implications […]
Personal Services Contracts in Medicaid Planning: A Crucial Tool for New York and New Jersey Residents
Personal Services Contracts in Medicaid Planning: A Crucial Tool for New York and New Jersey Residents Understanding Personal Services Contracts Personal Services Contracts, also known as caregiver agreements or family care contracts, are essential tools in Medicaid planning for residents of New York and New Jersey. These contracts formalize caregiving arrangements between family members, allowing […]
Spend Down Trusts vs. Special Needs Trusts: Navigating Medicaid Eligibility
Spend Down Trusts vs. Special Needs Trusts: Navigating Medicaid Eligibility By Barry E. Janay, Esq. When it comes to preserving Medicaid eligibility while managing assets, individuals with disabilities and their families have several options to consider. Two common strategies are Spend Down Trusts and Special Needs Trusts (SNTs). In this article, we’ll explore the differences […]
Capacity Issues in Wills and Trusts: A Comparative Analysis of New York and New Jersey Law
Capacity Issues in Wills and Trusts: A Comparative Analysis of New York and New Jersey Law By Barry E. Janay, Esq. Estate planning is a critical process that ensures an individual’s assets are distributed according to their wishes after death. Two primary tools used in estate planning are wills and trusts. However, the validity of […]
Navigating Self-Dealing Accusations in Guardianship and Probate
Navigating Self-Dealing Accusations in Guardianship and Probate By Andrew Zeitz, Esq. Guardianship is a significant responsibility that comes with strict fiduciary duties. When serving as a guardian for an incapacitated person (PING), it’s crucial to understand the potential pitfalls, particularly regarding self-dealing accusations. These issues can extend beyond the PING’s lifetime and into the probate […]
Navigating Medicaid Liens: A Comprehensive Guide for Personal Injury Claimants
Navigating Medicaid Liens: A Comprehensive Guide for Personal Injury Claimants If you’ve been injured and are receiving Medicaid benefits, understanding Medicaid liens is crucial when pursuing a personal injury claim. This guide will explore what Medicaid liens are, how they work, and provide valuable tips for negotiating them effectively. What Are Medicaid Liens? A Medicaid […]
Life Estate Deeds: A Powerful Alternative to Wills for Medicaid Estate Recovery Protection
Life Estate Deeds: A Powerful Alternative to Wills for Medicaid Estate Recovery Protection By Rachel Walker, Esq. When it comes to estate planning and protecting your assets from Medicaid estate recovery, many people automatically think of wills as the primary tool. However, there’s another powerful option that deserves serious consideration: life estate deeds. This alternative […]
The Right to Die: Understanding Glucksberg and End-of-Life Laws in New York and New Jersey
The Right to Die: Understanding Glucksberg and End-of-Life Laws in New York and New Jersey The Glucksberg Ruling and Its Impact In 1997, the U.S. Supreme Court unanimously ruled in Washington v. Glucksberg that there is no constitutional right to assisted suicide. This landmark decision upheld state laws prohibiting physician-assisted death, finding that such bans […]