At some point, most everyone will find themselves in the role of caregiver, to some degree, to someone in their family or maybe even a friend. While the actual physical care is top priority, there also exists a very important reality that will have to be addressed: the legal and financial considerations. There are no shortage of questions our estate planning lawyers hear on a daily basis and while it’s virtually impossible to provide specifics in a column, what we can try to do is put the … [Read more...] about Durable Power of Attorney and Elder Care Considerations
Did you know that our pets grieve? If you're like us, anytime we lose one of our family members who just so happens to not be of the human species, we grieve hard. As loyal as they are to us, it's of little surprise that they too could have the shared capacity for grief. A new study reveals that the grief pets feel may be different, of varying depths and often quite obvious. More of us are concerned about what happens to them after we're gone and fortunately, there are a few ways to protect … [Read more...] about Planning a Trust for Your Pet
Many clients are confused about the role a living trust can play in their estate planning efforts. A trust is created so that assets or property can be moved to the trustee who’s named in the living trust. Many don’t like the idea of relinquishing ownership of their assets, but the benefits are worth consideration for many of those people. It’s not that you’re losing control of your property or assets, it’s still yours. You’re just covering the legal bases in case you become incapacitated or die … [Read more...] about Do You Need a Living Trust?
Before we head into the always-busy holiday season, why not make a few end of year resolutions? Specifically, why not make a few legal and financial end of year resolutions? Here’s a check list of realistic goals you can set and easily meet before we ring in the new year. Taking it Tax Free Did you know you can give up to $13,000 to as many people as you wish every year? It’s true – and if your estate is big, you know how crucial it is to take advantage of estate tax reductions. Not only that, … [Read more...] about Estate Planning in New York NY: End of Year Resolutions
Estate planning is something that everyone needs to consider, and it is not just the domain of the aging and those who have acquired very significant assets. Things like living wills, medical powers of attorney, and statements of guardianship preferences are important for everyone. Additionally, we all have some possessions that hold sentimental value at the very least, making the creation of a will something that is relevant to people from all walks of life and of all ages, because none of us … [Read more...] about Planning For Retirement & Beyond