Estate Planning Isn’t Just For The Elderly
Life is full of unexpected twists and turns, and as you navigate through it, you might find yourself thinking about how to best protect your loved ones and the legacy you have built. For many New Yorkers, trusts have become a cornerstone of thoughtful estate planning....
Medicaid planning is important for seniors who want to protect their assets while qualifying for long-term care benefits. Using an irrevocable trust is a common strategy for Medicaid planning, but there are specific rules and requirements to consider. Understanding...
Creating a trust is a significant step in securing your financial future. They help protect your assets, save on taxes and make managing your estate easier. If you are in your 20s or 30s and starting to build your wealth, understanding the differences between...
Caring for a loved one with dementia or Alzheimer's disease presents unique challenges. Early planning can help families navigate these challenges with greater ease and confidence. Assessing care needs Begin by assessing the level of care your loved one requires. This...
When planning long-term care, many people focus solely on spending their money to pay for their care. However, several other financial instruments and strategies can be just as effective and more cost efficient. Expanding your financial planning toolkit offers...
Welcoming your first child into the world or standing in the new home you have dreamt of for years marks the beginning of new, exciting chapters in your life. With these big steps, you might find yourself thinking about how to keep your family safe and secure for...
When it comes to caring for a loved one with special needs, you may face unique challenges. These can range from looking after their everyday needs to planning long-term care. It's natural to worry about their future when you're no longer there to support them....
It is with great pleasure that I announce that 2024 is the 20th anniversary of the formation of . The firm was founded by yours truly, Richard A. Scanlan, Esq., and George A. Sirignano, Jr., Esq. – two gentleman and excellent attorneys and...
When it comes to ensuring the financial security and well-being of a loved one with special needs, many families face unique challenges. A special needs trust can be a powerful tool in addressing these challenges, providing a stable financial foundation for the...
Executors have a lot on their plate when it comes to managing an estate plan. For this reason among others, it is crucial for executors to have select traits that make them more suited for the job. But what are these traits? What exactly makes a good executor in the...