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Home
Where To Start
Young Adults (18-40)
Estate Planning
Trusts
Wills
Adults (40-60)
Estate Planning
Asset Protection
Senior Adults (60+)
Asset Protection
Elderly Adults
Medicaid
Life Care Planning
The Firm
Reviews
Give Back Benefit
Our Team
Our Purpose
Why Hire Tully Elder Law
Services
Asset Protection
Beneficiary Designations
Business Succession Planning
Elder Law
Estate Planning
Planning Process
Guardian for Minor Children
Life Care Planning
Medicaid
Probate
Power of Attorney
Trusts
Wills
Locations
Melville
Riverhead
Northport
Events
Events & Seminars
Webinars
Resources
Ask Brian
Blog
Elder Care Resources
For Professionals
News
Videos
For Clients
New Client Documents
Securely Upload Documents
Contact us
Estate & Elder Planning Misconceptions
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Estate & Trust Administration
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Estate & Elder Planning Misconceptions
Planning ahead will avoid chaos for your loved ones and will also make certain that your wishes are honored upon (more…)
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New Year: Same Estate Tax but New Long-term Care Commission
Now that the new year is upon us there is some news of importance regarding United States tax laws, and (more…)
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The Third Party Supplemental Needs Trust
Supplemental Needs Trusts (SNTs) provide a supplemental source of funds for people with disabilities. Because of certain legal limitations on (more…)
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What is a Living Will?
A Living Will is a health care advance directive that allows you to give written instructions that explain your wishes (more…)
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Ethical Wills
An ethical will reflects the “voice of the heart.” Think of it as a love letter to your family. Every (more…)
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Selling Your Home: Capital Gains Taxes – part 1
Generally, you must have owned and lived in the property as your main home for at least 2 years in (more…)
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New York Estate Taxes
State death taxes come in two basic forms: inheritance taxes and estate taxes. Prior to 2005, many states levied an (more…)
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The Inherited IRA Trust
Proper IRA planning is now more important than ever due to the latest IRS required minimum distribution rules. Quite often, (more…)
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What You Should Do With Your Estate Planning Documents
1. Read your documents. Are all the names right? Have all of your will or trust beneficiaries been listed? Are (more…)
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Income Taxation of Grantor Trusts
The income taxation of trusts is governed by Subchapter J of the Internal Revenue Code, §§ 641 through 692. For (more…)
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How To Plan For Aging 2025