If you’ve decided that it’s time to execute a plan to protect your assets, put instructions regarding health care decisions in writing and provide an inheritance for your loved ones, then you’re in a distinct category apart from those in New York and beyond who won’t...
Year: 2020
How should we plan out our parents’ future?
As people grow older, their grown children may begin to assess their parents’ futures as well. While people often think of the division of assets when doing estate planning, it is important for them not to forget that there will come a time when they will need more...
Dying without an estate plan can cause trouble down the road
Movie fans in Williamsville, especially fans of the Marvel Universe, were saddened earlier this year to hear of the death of actor Chadwick Boseman due to colon cancer. However, we can learn something about estate planning from his tragic and untimely passing, because...
Are you considering an advance directive for your estate plan?
As year by year passes beyond age 55, you might find yourself thinking about end-of-life issues more often. Especially if you’re now in your 60s or beyond, you may have gathered your adult children at your New York home for a discussion about executing an estate plan....
Upcoming election sparks estate planning updates
For many New Yorkers, creating an estate plan does not necessarily mean the process is completed once they have prepared the documents. Updating the plan to address life changes is also important. These changes can be within the family or based on outside...
How small estates impact estate planning and probate in New York
People in New York State who are thinking about the future and gauging the importance of estate planning might have preconceived notions about it. The news is rife with people who had significant assets and left an estate plan – a will or trust – that heirs or...
Talk about elder care planning before it is too late
It may seem like the right time to address elder care planning needs is when a person has reached at least the age of retirement. Unfortunately, this is often too late for individuals to prepare for the costs and questions that often arise when elder care needs become...
What is Medicaid planning?
Many Williamsville area residents have had to take care of an older loved one or are nearing older age themselves. Those who have experience in this area understand how complicated elder care can be. An elderly person can need an extensive amount of care, much of it...
Do you have grounds to contest a will?
If you have recently lost a loved one, it may take time to process your grief and learn to move on in life without him or her. Perhaps, like many other people in New York, your parent or grandparent died, and you and your siblings are navigating the probate process....
Three reasons a will may face challenges
A will is an important part of a New York resident’s estate plan. It is a legal device that allows an individual to evaluate their property and decide how and to whom they wish it to pass after their death. When a person does not have a will, their property that is...