The purpose of estate planning is to assure that your wishes are met with regards to your property and assets at the time of your death. Unfortunately, all too often people do not properly plan ahead and all too often the assets get tied up in probate.
Do you have a power of attorney in place?
It doesn't matter how old you are -- a catastrophic medical condition could render you incapacitated in a heartbeat. However, the older we get, the more likely such a health problem will develop.
New health care cuts will likely affect Medicaid
Last week, most media attention was paid to former FBI Director James Comey and his public hearing in front of the Senate regarding the Russian probe. But also going on at the was a hearing with Tom Price, Health and Human Services Secretary as he discussed possible effects of President Donald Trump's American Health Care Act.
Planning ahead for uncertain events
The late, great Benjamin Franklin once said there were only two certainties in life - death and taxes. While Americans all know that taxes are due on or around April 20 of each year, one thing we do not know is when our time will come.
The first 4 stages to creating an estate plan
The majority of New York residents don't have a large amount of savings or assets to plan their estates around. However, estate planning is not just for the Rockefellers of the world.
Staying on top of the complex nature of Medicaid
For many New York residents, the costs of living can get higher as they get older. When younger, it can often be the case that living expenses might only consist of apartment rent, heating, electricity, food and so on. But as New York residents get older, they may need to pay for myriad medical expenses, along with nursing home care or in-home care. For these people, oftentimes Medicaid assistance is available to help pay for the thousands of dollars that can result from these types of care.
Should you create a special needs trust for your autistic child?
The diagnosis of autism in young children is on the rise. Nearly 2 percent of male infants and 0.5 percent of female infants are born with autism and eventually diagnosed. Overall, that means that 1 in every 68 children born in the United States has an Autism Spectrum Disorder (ASD) diagnosis.
