The Baby Boomer generation, well-known for their ballooning birth rates in the postwar period, is now entering the stage of life where they may need care and assistance as they age. Many are moving into nursing homes and assisted living centers. Others are utilizing...
Initially creating an estate plan is an excellent decision to plan for your future. It gives your heirs a blueprint that they can follow and instructions on how to do things like dividing your assets, splitting up a family business, dividing financial accounts and...
Losing a spouse is one of the most difficult things a person can experience. Yet, when it comes to estate planning, many fail to consider the impact that remarriage can have on their children. If your parent passes away and their estate is left outright to their...
You probably have your computer information backed up, but do you have a backup for you, yourself? If you were to lose the ability to make decisions for yourself, would you have someone in place that could pick up the pieces? New York’s Health Care Proxy Law gives you...
Many people have saved for a lifetime in order to leave their home and their savings to their family. However, today it is not enough just to have a will, a health care proxy and a power of attorney in place to protect what you own for your family. Since everyone is...
New York residents should include health care proxies and living wills in their estate plans. When you think of estate planning, you probably think of wills, trusts, estate taxes and similar matters. You may not think about health care decisions. However, a health...
It isn’t always pleasant to deal with the specifics of estate planning. Creating a will or trust can be complicated and tedious. It can be hard to contemplate distributing a lifetime of accumulated assets. And it can be difficult to imagine a world in which you are no...