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Posts tagged "estate planning"

What information should you have in an advance medical directive?

Creating a last will and estate plan doesn't just mean deciding who gets what from your acquired assets. Instead, the point of the process is to create comprehensive documents that guide your attorney, your heirs, your executor and your loved ones in the event of an extreme medical event or your death.

Protect your retirement benefits from health care expenses

If you are the adult child of elderly parents, you may be concerned about their retirement benefits getting eaten up by health care costs. A major health crisis can wipe out a couple's life savings and leave their finances in ruin.

Does your aging loved one have an updated living will?

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 they pass on.

Have you ever thought of creating a pet trust?

Pets are not people, so you can't leave them an inheritance in the traditional sense, but you could certainly make preparations for your cat or dog -- or any other kind of animal -- in your estate planning. One way that New York residents do this is through the creation of a pet trust.

Understanding the importance of a living will

Living wills are important documents that you should understand thoroughly. These documents, also known as a directive to physicians or health care directives, contain your wishes for what you'd like to see happen if you're injured and unable to express your opinions and preferences for medical care. This directive generally works when you're incapacitated, like in the case that you've fallen unconscious or are in an induced coma.

What is an irrevocable life insurance trust?

An irrevocable life insurance trust (ILIT) is a special trust designed to counteract a lot of problems that can arise relating to life insurance. One of those problems relates to a large life insurance policy that triggers unplanned estate tax consequences. Another problem relates to the large quantity of cash that a life insurance payout could involve.

Office Locations

Enea, Scanlan & Sirignano, LLP
245 Main Street
White Plains, NY 10601

Phone: 914-269-2367
Toll Free: 800-724-1327
Fax: 914-948-9316


Additional office location
in Somers, New York


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