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Home » Living Trusts

Estate Planning and Divorce

July 17, 2017 by Saul Kobrick Leave a Comment

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...] about Estate Planning and Divorce

Filed Under: General Tagged With: 401(k), beneficiaries, divorce, Estate Planning, executors, insurance policies, Living Trusts, powers of attorney, survivorship rights, trusts, wills

Speaking of End of Life Choices

January 8, 2014 by Saul Kobrick Leave a Comment

It is incredibly difficult to raise the topic of end of life considerations. At some point, someone will have to broach the subject, even if Mom or Dad have already made all of the necessary arrangements. It’s far different than retirement topics; these conversations have to do with funeral and burial arrangements, do not resuscitate orders, powers of attorney for medical decisions – the really tough topics. If you think about it and the mindset we’re in when we plan for retirement, it’s one … [Read more...] about Speaking of End of Life Choices

Filed Under: Advance Healthcare Directives, Powers of Attorney, Retirement Planning Tagged With: advance directives, Advance Health Care Directives, advance planning, Asset Protection Planning, Creating a Will, Elder Law, Estate Planning, HIPAA, Living Trusts, Long Term Care, Retirement Planning

Alzheimer’s Strikes: Now What?

October 14, 2013 by Saul Kobrick Leave a Comment

The National Institute on Aging defines Alzheimer’s disease as, “ an irreversible, progressive brain disease that slowly destroys memory and thinking skills, and eventually even the ability to carry out the simplest tasks.”. Experts say as many as 5.1 million Americans have some degree of this disease. It’s the most common cause of dementia among older people; dementia is the loss of cognitive functioning—thinking, remembering, and reasoning. There are varying degrees of dementia, like … [Read more...] about Alzheimer’s Strikes: Now What?

Filed Under: Elder Law, Estate Planning, Powers of Attorney, Wills Tagged With: Estate Planning, Estate Planning Attorney, Living Trusts, Medicaid Garden City NY, Medicaid Lawyer Garden City NY, Medicaid Planning, Powers of Attorney Garden City NY, Wills Garden City NY

Living Trusts Keep You in Control

July 12, 2013 by Saul Kobrick Leave a Comment

Living trusts are powerful estate planning tools that can protect you if you become incapacitated. When establishing any trust, the services of a qualified attorney are needed. Certified public accountants are familiar with the operation of the trust, of course, but only an attorney can properly set up a trust agreement conforming to your state's standards. Trusts by definition are established when a settlor provides assets to a trustee for the benefit of others. A husband and wife can … [Read more...] about Living Trusts Keep You in Control

Filed Under: Incapacity Planning, Wills and Trusts Tagged With: Estate Planning, Living Trusts

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