An estate plan can be created with a variety of different tools, but two of the most common options are a will and a trust. Most people are familiar with wills. You likely have heard of a trust, but may be unclear who should use a trust. Here are some of the benefits...
Preserving & Protecting Your Family’s Assets & Legacy
Year: 2018
Important first steps to consider when estate planning
Over the years, most New York residents accumulate numerous assets, and they often want to make sure that those assets get passed on to future generations. Commonly, people utilize estate planning in order to protect their assets and dictate how their property should...
Why you need a Medicaid plan
Planning for healthcare costs in retirement is important for everyone. If you are on or planning to be on Medicaid, planning ahead is even more important. Medicaid includes financial eligibility requirements, which is one of the big reasons it is so important to plan...
What amount of assets could be kept for Medicaid eligibility?
Many people know that nursing home care and other similar assistance is expensive. Of course, it is common for older individuals to need this type of care due to medical issues. When it comes to determining the best options for paying for care, some parties may wonder...
Nursing home care may be necessary for some individuals
Most New York residents want to do what is best for their loved ones. In some cases, that may mean seriously considering placing a parent or other loved one in a nursing home. This thought can easily bring a number of emotions from guilt to relief, but this move...
Trusts 101: Do you need one?
There are many options to consider when creating an estate plan. So much so, that all the terms can get confusing. Wills. Trusts. Powers of attorney. It's so confusing that one study shows only 40% of people have a will or trust. That's an alarming number, and may be...
How does a Medicaid spend-down work?
The costs associated with long-term care often leave people reeling. Though you or a loved one may need extended care from professionals, you may struggle to pay the bills associated with the attention and treatment needed. As a result, you may want to take the time...
Estate planning documents relating to health care often vital
Medical attention is often necessary in various situations when a person's health is in question. As individuals age, they may become more aware of the fact that they could one day need extended care due to incapacitation or in the event of a possibly terminal...
Living wills can allow New York residents to express wishes
Many people will need some type of medical care near the end of their lives. In these cases, family members may feel at a loss as to what types of treatment should be tried or other actions taken in the event that a loved one cannot communicate his or her wishes in a...
Why You Should Take a Look at Your Life Insurance Policy
Guest Article, By Henry Montag CFP, CLTC IF YOU'RE LIKE MOST INDIVIDUALS, YOU PROBABLY HAVEN'T TAKEN A REAL LOOK AT YOUR EXISTING LIFE INSURANCE PORTFOLIO FOR SEVERAL REASONS. YOU'RE TOO BUSY, YOU REALLY DON'T LIKE THINKING ABOUT LIFE INSURANCE, YOU REALLY DON'T...
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