Nobody wants incapacity, not for yourself and not for your loved ones. But planning for that possibility can avoid complications and increase options. The article discusses the elements of incapacity planning and the need for flexibility to do Medicaid planning. It discusses how a trust with Medicaid triggers can allow that.Incapacity Planning … [Read more...]
You Never Know: Planning for the Unexpected
This article examines the deaths of two people who died from doing very typical things. You never know what risks might be around the corner, even in seemingly safe endeavors, so you should be prepared. The article looks at the elements of a basic plan.You Never Know: Planning for the Unexpected … [Read more...]
Planning for the Unexpected
This article examines the death of Charlotte Fox, one of the most famous mount climbers ever, who fell down her stairs at home. You never know what risks might be around the corner, so you should be prepared. The article looks at the elements of a basic plan.Planning for the Unexpected … [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...]
Are There Disadvantages to a Power of Attorney in Garden City NY?
Even the best legal protections can sometimes come with risks. For the most part, the benefits of staying current with your legal affairs outweigh any risks. Still, the risks remain. We’re often asked what, if any, disadvantages there are to having a power of attorney in Garden City NY. In our efforts of remaining transparent with each and every one of our clients, it’s important they understand not only the benefits of a power of attorney, but the risks too.First, we take a look at what … [Read more...]
Power of Attorney and Guardianship: Differentiating the Two
Did you know that a survey from 2011 showed most seniors and family members had put off estate planning because they were overwhelmed with the various legal terms? It’s human nature; we tend to avoid those things we don’t quite understand. Proof of that was revealed recently when my sweet husband kept “forgetting” to pick up baking powder at the grocery store. When he finally owned up to it and said he’d found baking powder and baking soda, instead of a quick text to me, he just opted to … [Read more...]
