Imagine a time when you might be unable to make important decisions for yourself. It’s not something anyone likes to think about, but planning for the future is crucial. A durable power of attorney (POA) is a tool that can help ensure your wishes are carried out when...
Planning for the future of a loved one with special needs involves careful thinking, especially about Medicaid eligibility. In New York, special needs trusts (SNTs) offer a valuable tool to ensure your loved one gets the care they need without risking their benefits. ...
Choosing to execute a will is a wise and responsible decision. A will allows you to live with peace of mind knowing that your property will go to those you want it to after you pass away. A will can also contain information on burial or funeral arrangements so your...
Joint ownership is a legal arrangement where two or more people own property together. This can apply to various assets, including real estate, vehicles and investments. Whether you're buying property with a spouse, sharing a bank account with a family member or...
Creating a will is an essential step in estate planning. Deciding who to name as beneficiaries is equally challenging. Below are suggestions for navigating this complex task. Consider your immediate family When thinking about beneficiaries, your immediate family...
A Medicaid divorce is a complex and often misunderstood concept in elder care planning. It is crucial to understand what it means, why some couples consider it, and when it might be appropriate. What is a Medicaid divorce? A Medicaid divorce is when a married couple...
If you’re a businessperson, politician or someone who sits on the board of a charitable organization, then you have to be careful to avoid conflicts of interest. This can make it difficult to manage your finances in a way that shields you from real or perceived...
Long-term care can be expensive, especially in a state like New York, where costs can be higher than in other states. That is why Medicaid planning is vital, especially for families whose only option for long-term care is Medicaid. Even well-to-do families can use...
Imagine someone you love passing away without leaving a will. It's a difficult scenario to think about, but it's a reality that many families face. When someone dies without a will, it's called "intestacy." In New York, the state has its own intestacy rules for...
The death of a loved one often prompts questions about their final wishes and estate distribution. In some cases, family members may discover these wishes in unconventional forms, such as handwritten notes on a napkin. However, courts scrutinize the validity and...
