Many New Yorkers have loved ones who are aging and may need some help with various tasks. Their body may not be physically capable of doing the same activities that they were able to do when they were younger. However, in addition to the physical limitations that they...
Year: 2022
Are these trust options right for you and your family?
There can be a lot of moving parts in an estate plan and creating an effective and appropriate plan can require attention to detail. That’s why many people put off estate planning. But procrastinating can put you, your estate, and your loved ones at risk. If you want...
What is a non-compete agreement?
Businesses make significant investments in their employees. Their experience and specialized knowledge can be a major asset and provide an unfair advantage to competitors if they change jobs. New York law allows non-competition agreements which can help protect an...
Creating a business plan
There are many things to consider when starting a business, including what type of business formation to choose, what types of products or services to sell and how many employees to hire. It’s also very important to have a business plan in place. Business plan...
Recognizing and avoiding scams against seniors
More than ever, scammers are taking advantage of seniors and, in many cases, the scammers are successful at convincing the seniors to part with their money, sometimes thousands of dollars or more. In fact, at this point, seniors are being contacted so often by...
What documents should be included in an estate plan?
To build an estate plan that meets the needs of the estate planner, it is important to know about the different estate planning documents they should consider including in their estate plan. Different estate planning tools can help estate planners develop an estate...
Can filing for bankruptcy hurt my job prospects?
With the impact of a recession and shrinking job market in 2020, many Americans lost income or savings and were forced to live on credit to get by. With high interest rates on unsecured debt, families in Indiana and elsewhere are still struggling to make minimum...
Assessing risk in an uncertain economy
New York business owners are no strangers to risk, as a recession, supply chain issues and worker shortages have shown over the past two years. But no matter what the market holds, liability and risk are always part of doing business. An important part of protecting...
What are the income and asset limits for Medicaid eligibility?
As people in the Buffalo area grow older, their lives, priorities and needs will change. People’s health can deteriorate over time. Some will need extra assistance to ensure that they are receiving the proper medications and assistance they need to complete daily...
Addressing digital assets now a crucial part of estate planning
In the past, New York State residents who wanted to create a comprehensive estate plan made sure it included tangible assets like real estate, collectibles, items of sentimental value, money, retirement assets and bank accounts. These were relatively easy to find,...