Some of the best new businesses start out as just a group of friends with a good idea. As the business grows, their friendships can be tested in ways they did not expect. Even the best friendships can be strained by the pressures of running a business, and when...
Year: 2020
4 Essential tips for long-term care planning
Long-term care (LTC) refers to a broad spectrum of services that assist an elder with daily activities, such as eating, bathing or running errands. Most people don't realize that these essential services aren't covered by health insurance, disability insurance or...
Is it time to make changes to your revocable living trust?
Let's say you took care of your estate planning several years ago. Since then, life has gone on. People may have come in and out of your life. LIfe events may have changed your perspective, your priorities and your feelings toward your friends and loved ones....
Creating a will in New York
Creating a will is often one of the most important parts of the estate planning process. Having a will in place when you pass away gives you the power to decide how to distribute your assets and help speed up the probate process for your family when it comes time to...
Digital assets should not be missed when it comes to estate planning
Many Buffalo area residents have taken the time to complete their estate plan. They understand that having an estate plan in place is important in order to preserve a person’s assets, communicate their wishes and designate powers of attorney. In addition to these...
What’s the difference between Chapter 7 and Chapter 13?
Have you recently lost your job? Have you been diagnosed with a medical condition that has required expensive treatment? Is your financial instability forcing you to turn to credit cards and other high interest loans just to get by? If you answered "yes" to any of...
Is bankruptcy a good idea?
Consumer debt may be overwhelming. Bankruptcy can provide relief and a fresh financial start. But filing should be carefully considered because it may have long term consequences. Bankruptcy is a legal proceeding, governed by federal law and courts, where debtors can...
What are the asset limits for Medicaid for nursing home care?
People in New York can control many aspects of their lives, but one thing they cannot control is time. It will keep moving forward no matter what people do and people continually grow older. As this occurs, there are many parts of the body which may break down over...
Personal bankruptcy options
There are now extreme pressures on consumers facing debt. When they need to make a financial fresh start, bankruptcy may be the most practical way to discharge or restructure their debt. But this is an extreme step which requires understanding the most common forms of...
A special needs trust is there for your child after your death
You're getting older, and you know that there will come a time when you won't be able to care for your child any longer. They have special needs, and you've cared for them your entire life.You want to make sure that they will have support when they need it in the...