When creating an estate plan, people tend to dwell more on how they will allocate their financial assets, and to think less about how they may have to finance costly medical procedures and even long-term care in their golden years. But existing health problems and...
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We can help with elder law cases
Most of us never think of the term elder law. After all, it is only for the elderly. But, what may bring this term into focus is not just when we become elderly, but also when we are caring for our elderly parents or family members. What is elder law? Elder law refers...
How can unmarried couples estate plan?
Many in the elderly community find themselves newly single. This can be as a result of the ever-increasing number of Grey Divorces (divorces between spouses over 50), or because of the death or incapacitation of one’s spouse. As a result, many of these newly single...
Resolve to estate plan this year
Two weeks into the new year, many New York residents are likely to find their determination to stick to their New Year resolutions slipping. If there is any one resolution individuals should be sticking to, it is the one to focus on creating an estate plan. If the...
Advanced directives necessary for elder New Yorkers
No one likes dealing with the uncomfortable reality that we won’t live forever. One way to assuage the pressure of end of life medical advice is to prepare an advanced directive. An advanced directive prepared by an attorney is a legal instrument that informs all...
Private long-term care and Medicaid
Long-term care for the elderly is expensive, no matter whether it is funded through the accumulated lifetime savings of the estate or with long-term care insurance. For those who have already depleted their savings to pay for care needs from infirmity or disease, the...
Is a special needs trust needed in my estate plan?
A lot of people think that estate planning is nothing more than dictating who will receive your assets once you pass away. While that’s certainly a major part of estate planning, it’s really an oversimplification of what estate planning can do for not only you and...
Key points about a selecting a health care proxy in New York
There are many aspects of estate planning that New Yorkers should consider as they prepare the document that best suits their needs. For some, a health care proxy is crucial so they can make certain their wishes are adhered to and a trusted person is making the...
Wills can be challenged during the probate process
New York residents may believe that wills are binding legal documents that cannot be questioned or set aside upon the death of the people who created them. To some extent this belief is true: wills do represent the wishes of the deceased and when they are valid are...
Talking to your parents about estate planning
Your parents’ estate plans can help assure that their assets are passed on to their family and that their wishes are followed. There are recommended ways to bring up estate planning issues with your parents. Begin the conversation Even though the money you will...