Ann-Margaret Carrozza, a practicing elder law and trusts and estates attorney, writes: One's right of election is routinely waived in the context of executing a prenuptial agreement. This is especially true in second marriages so that property accumulated during the first marriage passes to issue of that marriage as opposed to the new spouse. People often do not realize that this waiver can be treated as a transfer of property for Medicaid eligibility purposes.
January 28, 2013 at 12:00 AM
1 minute read
Increased life expectancy, together with a high divorce rate, has resulted in a record number of eligible second-marriage candidates. For many contemplating taking the plunge again, the idea of a prenuptial agreement has become mainstream.
One feature of prenuptial agreements that can have a surprising effect on long-term care planning is the waiver of one’s “right of election.”
Presented by BigVoodoo
The New York Law Journal honors attorneys and judges who have made a remarkable difference in the legal profession in New York.
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
The premier educational and networking event for employee benefits brokers and agents.
Atlanta s John Marshall Law School is seeking to hire one or more full-time, visiting Legal WritingInstructors to teach Legal Research, Anal...
Shipman is seeking an associate to join our Labor & Employment practice in our Hartford, New Haven, or Stamford office. Candidates shou...
Evergreen Trading is a media investment firm headquartered in NYC. We help brands achieve their goals by leveraging their unwanted assets to...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
