Elder abuse and neglect is a growing problem in the United States. As the population of older Americans continues to increase at a historic rate, so do reports of elder abuse and neglect. Although most states have enacted laws specifically aimed at abuse of the elderly, laws only help if acts of elder abuse are reported, and some experts believe that as few as one in every 24 victims of elder abuse ever speak out. Compounding the problem is the fact that many elderly victims live relatively … [Read more...]
Blended Families
These days, many families include children, stepchildren, former spouses and in-laws. The number of remarriages has been steadily rising, so advance wealth planning with clear goals is advised. You want to take care of your spouse and your children, but letting them work it out after you're gone is a recipe for disaster. Fortunately, estate planning takes into account your unique family situation and can alleviate most of your concerns. Good communication is key. Have an honest … [Read more...]
10 Reasons You Might Need Help from Estate Planning Lawyers
If you do not already have an ongoing relationship with an estate planning lawyer, you should. Unlike many other legal issues, estate planning is not something that is ever truly completed. Once you have an estate plan in place, you will need to revisit that plan and revise it numerous times over the course of your lifetime which is one of the many reasons why it is in your best interests to develop an ongoing relationship with your estate planning attorney. Moreover, there are a number of other … [Read more...]
Garden City Inheritance Planning Check List
Have you already created your inheritance plan? If not, you are hardly alone. Over half of all Americans do not have an estate (inheritance) plan in place despite admitting that they are aware of the need for one. One of the most frequently offered explanations for the lack of a plan is not knowing where, or how, to begin. Given the fact that inheritance planning is not something most people know much about, this explanation makes sense. If you fall into the category of people who have yet to … [Read more...]
Trust Administration in Harrison, Westchester County — Trustee Pitfalls to Avoid
When an individual creates a trust, that person (known as the “Settlor”) must make a number of very important decisions. One of those is who to appoint as the Trustee of the trust. After all, the Trustee is responsible for managing, protecting, investing, and distributing the trust assets as well as the overall administration of the trust. If you were recently informed that a Settlor appointed you to be the Trustee of a trust, and you have never before served in that capacity, you may be … [Read more...]
Top 5 Reasons You May Need Nassau County Estate Planning Attorneys
You are probably already aware that having an estate plan in place is important for every adult. Hopefully, you also recognize the need to have an experienced estate planning attorney assist you in the creation of that plan. Helping you create your estate plan, however, is not the only reason you might need an estate planning attorney. Consider the following top five reasons why you might need the assistance of Nassau County estate planning attorneys. Creating and updating your estate plan. … [Read more...]
Long Island Estate Planning Attorneys Answer Top 5 Questions
For the average person, estate planning is somewhat mysterious and often intimidating. Most people recognize the need to create an estate plan; however, those same people often don’t know when to get started, what should be included in the plan, or where to turn to for help. If you are one of those people, take comfort in knowing that you are hardly alone. Because we realize that most people have questions about the concept of estate planning, the Long Island estate planning attorneys at the Law … [Read more...]
New York Times Focuses on Broken Legal Guardian System in U.S.
If you have a parent who is suffering from Alzheimer’s, or another serious medical condition that may eventually require around the clock care, you may assume that you will provide that care when the time comes. After all, that is how it has worked throughout history. Adult children reverse roles and care for the parent who once cared for them. What happens, however, if someone opposes your plan to move your parent into your home? The answer can be found in the legal guardian system that doesn’t … [Read more...]
Garden City Elder Law Top Concerns
Over the last several decades, the population of older Americans has increased at a historical rate. In fact, by the year 2050, experts estimate that the number of older Americans (age 65 and older) will outnumber their younger (age 21 and younger) counterparts for the first time in recorded history. As the number of older Americans grows, legal issues related to them have gained a considerable amount of attention. In response to that, a new area of the law evolved – elder law. Because most … [Read more...]
Estate Planning and Divorce
On their own, divorces and estate planning efforts are uncomfortable; when they’re combined, it takes on an entirely new meaning. Both of these events symbolize endings, after all. While estate planning helps prepare you and your family for the ultimate end, divorces were never supposed to be part of a family dynamic. No one marries with the goal of divorcing. Toss money and other assets into the mix, and well, it can quickly lead to the worst in human nature: pride, anger, grief. When Estate … [Read more...]
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