Call Us Today: (716) 634-3320
Many married couples spend years planning for retirement, but give little thought to the possibility that one spouse may eventually require nursing home care. Long-term care costs can be substantial, and without proper planning, those expenses may place a significant...
People who want to protect their resources, structure their legacies and minimize probate issues might create revocable living trusts. The person funding a trust, known as the trustor or grantor, often acts as the initial trustee. They manage resources and make trust...
When people think about estate planning, they often focus on the big things like a home, savings account or important family heirlooms. Smaller or less obvious assets can easily slip through the cracks, especially when life gets busy and financial accounts become...
People who have never relied on state benefits may find them necessary in their golden years. Even professionals who have long prided themselves on meeting all of their own needs may eventually need professional caregiver support or even a room in a nursing home. When...
If you have a will, congratulations. You are already ahead of most of your peers. Recent estimates find more than two-thirds of adults do not have a will in place. Although having a will in place is already a big win, it is important to also include three specific...
Imagine your family gathers after your passing, only to find no access to your digital accounts or any record of your preferred funeral arrangements. While a will handles your assets, it often remains silent on the immediate, practical details your loved ones need....
Many people assume writing a will is simple. Online forms make the process look quick and easy, but New York law sets clear rules that decide whether a will is valid. Without a valid will, the court may distribute your estate under New York intestacy law instead of...
Medicaid may help cover nursing home costs, but it has strict income and asset limits. If your money or property exceeds these limits, you might need to pay out of pocket until you qualify. New York enforces a five-year look-back rule, which can penalize gifts or...
Medicaid planning can be overwhelming, but the effort pays off once your parents’ applications are approved. Meeting the requirements is essential, and one of them is satisfying the home equity limit of $1,130,000. If your family home meets this threshold, your...
Your executor shapes how smoothly your estate moves through probate after you die. A thoughtful choice can reduce delays, added costs and conflict among beneficiaries. What an executor may handle after you die In New York, you name your executor in your will, and the...
