When a person in Williamsville is going through the estate planning process, an essential focus of that may be avoiding probate. Probate is the legal process your estate goes through if you do not have a will. Probate laws dictate who will inherit your estate should...
For many, probate court is one of the arduous aspects of estate administration. Probate is time consuming, public, and costs money. Thankfully, prudent estate planners can avoid probate in New York. Here are three such ways: Trusts Estate assets can be transferred...
When people think about estate planning, the first thing they think of is making a will. If they go deeper, maybe they also consider setting up a trust for a specific need. But estate plans aren’t just about money. Health care directives aren’t something that comes...
Watching an elderly parent gradually lose their mobility or mental faculties is a painful process that can go on for a number of years. If an elderly loved one has a serious accident, becomes weaker from a crippling health condition, or experiences mental...
Some people in New York may be under the impression that trusts are only for the wealthy especially if they know a “trust fund baby” who came from money and expects to receive a substantial inheritance in the future. However, even those of lesser means can benefit...
You may have heard that you should avoid probate but many people in Williamsville are unfamiliar with the estate planning options that would achieve this goal. If a person only has a will when they pass or if they have no estate plan at all, their estate will need to...
Many of us in Buffalo are in what we call the “sandwich generation.” We’re raising children who may be teenagers by now while also caring for our aging parents who need some help with their day-to-day tasks. It can be both rewarding and frustrating. As our parents...
In New York State, people who have an elderly or infirm loved one who needs extensive care must consider alternatives. A nursing home is a viable option to provide the person with the attention, medical treatment and assistance they need. However, paying for it is...
You may plan on using Medicaid or other public assistance benefits to pay for your care needs during your senior years. However, these benefits are generally only available to those with a low income and few assets. Does this mean you have to impoverish yourself in...
Almost every region retracted, literally, for an extended time during 2020. Yet, the number of new businesses created in Erie and Niagara Counties increased over 14% and close to 10%, respectively, from 2019. Contrasted with the stagnant numbers from contiguous...
