Creating a comprehensive estate plan is one of the best gifts you can give to yourself and to your loved ones. Once your plan is in place, however, do not make the mistake of simply forgetting about it because an estate plan is something that needs to be reviewed and revised throughout the course of your lifetime for it to work as intended. In fact, having an outdated estate plan in place when you die, or become incapacitated, can be worse than not having a plan at all! To encourage you to keep … [Read more...]
Elder Law Lawyers — Top 10 Signs That a Loved One May Be In Trouble
As the population of older Americans (defined as age 65 and older) continues to increase, issues that affect and impact them have increased in importance as well. Sadly, at the top of that list is the risk every senior faces of becoming the victim of elder abuse. Elder abuse takes many forms, including physical, emotional, and sexual abuse as well as neglect and financial exploitation. If you are concerned about an elderly loved one, the elder law lawyers at Law Offices of Kobrick & Moccia … [Read more...]
Hauppauge Elder Law Lawyers Warn about Financial Exploitation
Whether you are a senior yourself, or the loved one of someone who is elderly, elder financial exploitation is an important issue that needs to be understood and discussed. Unfortunately, because it is an uncomfortable topic of conversation, perpetrators of elder financial abuse often get away with their crimes. In an effort to prevent these perpetrators from causing more harm, the Hauppauge elder law lawyers at the Law Offices of Kobrick & Moccia want to warn everyone about the threat of … [Read more...]
Nursing Home Lawyers Explain What to Do If You Suspect Abuse
With the older population in the United States growing by leaps and bounds, most of us know someone in nursing home care or will know someone in the near future. Although many nursing homes provide loving, compassionate, and competent care to the residents of the facility, the sad reality is that abuse does occur far more frequently than most people realize. Because most people have never had to deal with suspected abuse, the nursing home lawyers at the Law Offices of Kobrick & Moccia … [Read more...]
What Is Involved in Trust Administration?
Because of the numerous and varied estate planning goals a trust can help achieve, it is very common to see at least one trust agreement in the average estate plan. Once a trust becomes active, the trust must be administered by the Trustee. Trust administration is frequently more complex and complicated than people realize. Failing to understand what is involved in trust administration can lead to appointing the wrong person as your Trustee which is why it is imperative to learn the basics of … [Read more...]
6 Important Estate Planning Considerations – Part 2: Long-Term Care
Many considerations must be addressed in an estate plan, not just who gets whatever’s left after your death. Long-Term Care expenses are an ever-increasing concern. Your estate plan should consider how those expenses would get paid. This article looks at several ways to plan for those expenses.6 Important Estate Planning Considerations – Part 2: Long-Term Care … [Read more...]
6 Important Estate Planning Considerations – Part 1: Incapacity
One of the most important considerations in an estate plan is incapacity planning. This article describes how an estate plan provides incapacity planning and the documents which may be used to accomplish that planning. It also looks at how having a plan in place may relieve stress during an emergency.6 Important Estate Planning Considerations – Part 1: Incapacity … [Read more...]
May is Older Americans Month — The Perfect Time to Review Your Estate Plan
Over the last century, the average life expectancy of an American has almost doubled thanks to advances in science and medicine as well as an overall increase in the standard of living we all enjoy. Growing old no longer has to have the negative connotation it once had. Each year, the month of May is recognized as “Older Americans Month” during which we honor the older people in our lives and celebrate getting older ourselves. If you are at, or near, retirement age yourself, Older Americans … [Read more...]
Retirement: It’s not Just About the Money
Many factors go into retirement decisions. This article examines some of those factors. Being financially prepared is one aspect. Having your estate planning in order is another. But, being socially and psychologically ready for retirement are yet other aspects which people often don’t consider. Be ready for your next phase of life, this article will help you get there.Retirement: It’s not Just About the Money … [Read more...]
Retirement Planning–Your Destination Matters More than You May Realize
Retirement planning for most people seems to begin the moment they enter the workforce. For many years, that planning will likely focus almost entirely on building the financial resources to live comfortably during your retirement years. As you near retirement age, however, you need to start thinking about something else that will have a significant impact on both your retirement budget and your quality of life – your retirement destination. Retirement Planning Considerations Retirement … [Read more...]
