Page 26 - GP fall 2023

Both first-party and third-party SNTs must be properly drafted in or- New Members
der to protect a beneficiary’s right to receive means-tested public ben-
efits. The tax consequences of SNTs are very complex. To best protect
the government benefits for which an individual with disabilities may Tonya N. Bellamy-Bissoon, DDS, Roslyn, NY
be eligible, it is important to discuss which type of SNT should be Hector B. Bernabe, DDS, Secaucus, NJ
used in a specific situation with an attorney who is proficient in spe-
cial needs planning. Christopher Bialko, DDS, New York, NY
Matthew Calaigian, DDS, New York, NY
While the rules governing your special needs trust will depend on
your circumstances and the amount of funds you have available, there Jamie Renald Carter, DMD, Brooklyn, NY
are some general special needs trust rules you should know related to Peter D’Elia, DDS, Fairport, NY
qualified disbursements and record keeping. Learning these will help
you preserve your or your loved one’s Supplemental Security Income Sharon Deng, New York, NY
and/or Medicaid, as well as create and administer your trust properly. Juan B. Espaillat, DDS, Spring Valley, NY

Life and disability insurance need to be evaluated properly with re- Laura Gennaro, DMD, Tonawanda, NY
spect to your children’s needs. Life insurance can pay for the things Pierangelo Antonio Ghisalberti, Ridgefield, NJ
you’d like your family to have, such as a paid-off mortgage, school
tuition, or other significant expenses. Life insurance can help protect Dean E. Glasser, DDS, Melville, NY
your growing family by making sure financial resources are available Philip Grecco, New York, NY
to them if you’re no longer there and can provide peace of mind for Umair Hassan, DDS, Huntington Station, NY
your partner and loved ones.
Marta Herin, DDS, Hauppauge, NY
Disability insurance can also be a major help if one or both parents Caitlin Hewitt, DDS, Rochester, NY
become unable to work due to a disabling illness or injury. While you
may have employer-provided disability insurance, it is important to Justin Huang, New York, NY
ensure that it will be enough to cover essential expenses like your Carmen Hung, DDS, Staten Island, NY
mortgage, debt, childcare, and household expenses for a reasonable
length of time. Some policies may pay benefits only if you can’t per- Nicole Jackson, DMD, Irvington, NY
form any work at all, rather than being unable to do the specific type Ankit A. Jain, DDS, Port Jefferson Station, NY
of work you currently do.
Daniel Janash, DDS, Rego Park, NY
All of these are strategies that can help you plan for the future and Jane Jiang, DDS, Brooklyn, NY
safeguard your child’s well-being. Taking many of these steps can Ankur Kadakia, Sayreville, NJ
help provide peace of mind knowing that your children will grow
up financially secure. Saving money to secure your child’s future Harnoor Kaur, Buffalo, NY
can help give them the advantage they need to succeed in life. All of Hira Khan, Lake Grove, NY
these are strategies that can help you plan for the future and safeguard
your child’s well-being. Taking many of these steps can help provide Juhee Kim, New York, NY
peace of mind knowing that your children will grow up financially se- Caroline Soyoung Kim, DDS, New York, NY
cure. Saving money to secure your child’s future can help give them
the advantage they need to succeed in life. Noah Lebovitz, White Plains, NY
Chasen Lee, Buffalo, NY
David Rosenstrock is the Director and Founder of Melissa Elizabeth Mathews, Long Island City, NY
Wharton Wealth Planning, LLC (www.wharton- Richard Murphy, New York, NY
wealthplanning.com). He earned his MBA from the
Wharton Business School and B.S. in economics Astha Patel, DDS, Woodside, NY
from Cornell University. He is also a CERTIFIED Sobia Rafiuddin, DDS, Syosset, NY
FINANCIAL PLANNER™. David has contributed to Alina Robbiano, DMD, Latham, NY
articles on investing and financial planning for CBS
News, Forbes, Yahoo Finance, Fortune Magazine, MarketWatch, Cornelia Alice Sallar, DDS, Sioux Falls, SD
MSN, ETF Trends, Morningstar, Physician on Fire, and Business Sarah Sherman, DDS, New York, NY
Insider. He has also served as an experienced volunteer at many non-
profit organizations in his community including the Police Athletic Khalida K. Stutman, DDS, Massapequa Park, NY
League and a local food delivery service for the homebound. David Ashfak Uddin, DDS, Mount Vernon, NY
lives in New York with his wife and their two very active children.
James Yun, New York, NY
Maritere Zamora, DMD, Brooklyn, NY
Antony Zeng, DDS, Long Island City, NY

www.nysagd.org l Fall 2023 l GP 26