Estate Planning Isn’t Just For The Elderly
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. ...
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 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...
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...
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...
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...
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....
Since you never know what might happen to you and when it might happen, it is a smart idea to create an estate plan no matter your age. However, between now and the time you die, your life may change in many unpredictable ways. As a result, the estate plan you create...
The National Council on Aging estimates that about 65% of Americans will need help with everyday activities, such as bathing or walking, at some point in their lives. Long-term care planning is the process of preparing for the possibility of disability or illness....
The laws of intestacy dictate much of how estate plans function in New York State. They cover how to properly create an estate plan and how they should be implemented upon a person's death. In most cases, working with a deceased loved one's estate plan is a relatively...