Estate Planning Isn’t Just For The Elderly
Effective estate plans include options. These may contain wills & trusts which can serve different roles. Each have advantage and disadvantages. One common option is for a person to own most of their assets in their name and use a will to govern their...
Too many people have a negative reaction to the idea of power of attorney documents. While it is true that predatory individuals can, theoretically, use a power of attorney as a means to gain control over or manipulate someone else, in reality, these documents...
A large number of Americans will ultimately need long-term care financed through Medicaid. Their Medicaid planning should assure that one of them can continue to live in their home and safeguard their ownership. Medicaid is a federal and state health insurance program...
Information about the location of important estate documents and access cannot die with the people who executed the documents. Storing information about estate matters such as wills & trusts and significant passwords is a vital part of estate planning. It may be...
If you live in or around White Plains, you know that there are multiple nursing home facilities in the area. While they appear similar on the surface, as you dig deeper you'll find that each facility is unique in its own way. Choosing a nursing home for yourself or a...
Extensive estate planning may lose its effectiveness if important documents and information is lost or stolen. Safeguarding information on important estate matters such as wills & trusts is essential to assure that family members can act on wills, trusts and other...
People who do not have children or other family members may be vulnerable to some of the pitfalls that may be associated with a guardianship. Proper planning, however, can help avoid problems with guardianships. Most people would appreciate some assistance should they...
Family members are the ones that are there for you when things are difficult. Unfortunately, being a loving and supportive family member can sometimes require making hard decisions to protect the people whom you care about the most. Many people experience significant...
Medicaid provides invaluable assistance for nursing home care. Dealing with the 5-year look-back rule is an important part of Medicaid planning and preserving assets for family members. Most asset transfers that are made within five years start a penalty period that...
People who write their own wills may save some money, but their estate and relatives may ultimately pay much greater costs for this false economy. Improperly drafted and self-prepared estate documents may not comply with New York's laws governing wills & trusts...