Many people in the Buffalo area have loved ones who for a variety of reasons have periodic financial struggles. In some cases, the struggles involve irresponsibility with money or just immaturity. In other situations, the loved one may be struggling with an addiction,...
When you or a loved one are going into a nursing home in New York, you are likely to have many questions. You trust nursing home staff to take good care of you or your loved one and this is done through a nursing home care plan. A nursing home care plan is a health...
Recently, we discussed how estate planning clients use trusts to ensure they can get long-term care if and when they need it. By using a similar strategy, estate planning clients can also take care of their loved ones who have special needs. A special needs trust,...
Surveys have shown that many American adults -- perhaps as many as 60% -- do not have a will or any plan for their estates. Many people think they're too young for estate planning, or that they don't have enough property to make the process necessary. Many more simply...
Many older Americans are living happy, healthy and productive lives, but no one can stay that way forever. The older we get, the more likely we are to need long-term care. In fact, some studies have estimated that 70% of Americans who live to age 65 will need some...
Although trusts fall under the umbrella of estate planning, your trust can go into effect during your lifetime. This type is known as a living trust or an inter vivos trust. You can create your living trust so that you are the beneficiary. This means a trustee will...
People who have created an estate plan in New York might think that they have done what they needed to do regarding their property and their loved ones and it never needs to be revisited. For many, the simple act of creating a will or other estate planning document in...
Litigation over a will can be extremely difficult and expensive, and it can tear families apart. No rational person wants that kind of mess to be their legacy, and so many people who are planning their estates look for ways to reduce the possibility of probate...
