September 2019 Archives

What is an advance healthcare directive?

An advance healthcare directive is an important part of an overall estate plan. It serves an important purpose estate planners should be aware of and they should also ensure all of their questions about an advance healthcare directive, and including one in their estate plan, are answered.

NYSBA ELSN Member Spotlight - Felicia Pasculli

Felicia Pasculli was featured in a member spotlight article in the Elder and Special Needs Law Journal, a publication of the Elder Law and Special Needs Section of the New York State Bar Association. Felicia was interviewed by Katy Carpenter and here is a portion of that interview with the full article attached below. 

Knowing when to update an estate plan

Knowing when to update an estate plan is important to avoid estate planning errors and problems. Updating an estate plan as life changes is as important as ensuring the estate planner has all the components that an effective estate plan should have in place. As a result, estate planners should be aware of when to update their estate plan and how New York estate planning can help.

How can a trust help you avoid probate?

When you pass away, you want your assets to go directly to the heirs you choose. But when you only have a will, your inheritance goes through a probate court. Probate can take a lot of time and is open to the public. If you don’t want your heirs to go through that, you can put your assets in trusts.

Common estate planning mistakes when one spouse dies

The death of a spouse can be a devastating event, and the emotional pitfalls can be even worse if there was improper planning or errors were made over the deceased spouse’s estate. Difficulties often arise if one spouse handled all financial matters, and the survivor has little or no knowledge of their finances.

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