If you have grandparents or parents in their golden years, you are likely acutely aware of the importance of having a will or estate plan in place. Chances are good that your loved one has already taken the time to arrange for the disposition of their assets after...
Accounting for a child’s care after parental death
If you've been reading our blog, then you know that there are many aspects to an estate plan. Oftentimes the focus is on physical assets, such as money, real estate, and personal property, but it can also include powers of attorney and health directives that can...
Are debts inherited from an estate?
Estate planning is the process through which individuals devise a plan for the distribution of their assets upon their passing. These assets can vary widely from person-to-person,and can encompass numerous asset types. Bank accounts, stocks and bonds, real estate,...
New York nursing home abuse leads to criminal charges
The decision to place an elderly loved one in a nursing home is not an easy one to make. However, most New York residents comfort themselves with the thought that the home where their loved one has been placed is staffed by experienced, well-trained, caring and...
Top tips for choosing a nursing home for a loved one
As difficult as it may be, there could come a time when you have to help a loved one choose a nursing home. Regardless of where you live, there's a good chance you have a few options in the area. While it's easy to assume that all nursing homes have a lot to offer...
Supplemental needs trusts and Medicaid planning
Planning for the future can seem overwhelming, as we don't know what the future will bring. As we have discussed previously on this blog, Medicaid can be a great resource for those who may find themselves in need of long-term care down the line. However, not everyone...
Should you create a revocable living trust? The answer may be yes
From an estate planning perspective, there are many ways to ensure that your loved ones receive your assets upon your death. While many people rely on a simple will, as it's often the easiest to create, you shouldn't assume this is your only option. For example, you...
