Many estate planners dedicate a lot of time to avoiding probate. Given that probate can be a very long and drawn-out process, it makes sense as to why you would want to help your heirs avoid it. One way that some Americans attempt to help their heirs avoid probate is...
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We are pleased to announce the reopening of our White Plains office location for in-office meetings. We are following the applicable New York State regulations for Phase 2 re-openings. These regulations limit in-person gatherings, so although we will hold a select number of in-person meetings, we will continue to encourage telephone and video-conference meetings whenever possible. We have implemented health and safety procedures for all staff, as well as those clients who come into the office. Please click here for in-office meeting procedures.
What happens with your will following your divorce?
Previous articles on our blog touched upon the fact that there are certain life events that should prompt you to revisit your estate plans. A divorce is certainly one such event, as it undoubtedly impacts your desire for your ex-spouse to benefit from your estate. ...
Major Changes to Statutory Short Form Power of Attorney Enacted by New York
Effective for all Powers of Attorney signed on or after June 13, 2021 the Statutory Short Form Power of Attorney (POA) has been revised to make it a much simpler form to be signed, especially by those that have physical infirmities. The most significant changes are as...
New 2021 Medicaid Rates
New York State has announced the 2021 income and resource levels for Medicaid eligibility (GIS 20 MA/13). As the Medicaid program is a “means tested” program, the first step in determining eligibility is looking to the applicant’s income and assets/resources. The new...
Estate planning after forming a new business
If you have recently started a new business, you need to consider planning for what will happen to your role in the company in the event of your sudden incapacity or death. During the early days of a new business venture, estate planning may not seem like an urgent...
Should I include a letter along with my will?
Writing a will may seem like a good bet to help your estate pass through probate without major delays. Still, some families experience a lengthy period of probate because siblings fight over the will in court. To help avoid this problem, you may want to do more than...
What expenses does a special needs trust cover?
For disabled adults, medical care and living expenses can be hard to afford. Fortunately, if your disabled loved one has limited income, he or she may be eligible for certain needs-based government programs. Supplemental Security Income and Medicaid are popular...
What kind of home care do your parents need?
As your parents age, you may realize that they need to receive care at home. There are several kinds of home care you can choose from, each with its own advantages. It's important to understand which kind will be best for your parents in their current circumstances....
Trusts can serve many different estate planning purposes
An estate plan is an important set of legal documents and tools that can help New York state residents identify and distribute their assets upon their death. There is no single right way to prepare an estate plan as all individuals have different needs, preferences,...
Life Changes Should Mean Changes to a Will
There are certain events that may change the course of a New York resident’s life. The decision to get married or have kids, the loss of a parent or spouse, or the end of a marriage may all force a person to evaluate the course that they have chosen to pursue. While...
