When you create your estate plan, you will focus on many different components at a given time. For example, your will and trust are two separate pieces that will require their own time and attention. One overall category of importance are the key figures in your will....
Preserving & Protecting Your Family’s Assets & Legacy
Month: March 2021
Information about your life insurance policy you’re probably not aware of
The following is a guest blog by Henry Montag, CFP. Most Individuals purchase a life Insurance policy, place it in their safe or bottom left desk drawer, and await the bill so it can be paid and mailed to the Insurance company to maintain their coverage. Most...
Insurance coverage perspective from a personal injury lawyer
In a previous blog, I mentioned automobile insurance coverage. When I give seminars, I usually include this topic. This is an important topic I discuss with my clients. Why? Because all motor vehicle owners must have insurance, but not many people know what they are...
Does Medicare pay for nursing home stays?
Planning for where your loved one will live in his or her last years is often a very fraught decision. One of the things that many families concern themselves with is how much a nursing home costs. Some Americans believe that Medicare will cover their nursing home...
How do first – and third-party special needs trusts differ?
When you have a child with special needs, you may need to take extra steps when working on your estate plan so that you may preserve your child's eligibility for government help. Your child’s ability to collect certain types of benefits, such as Medicaid or...
Personal injury from a motor vehicle accident, case story
A gentleman was referred to me for injuries sustained in an automobile accident. He was in the first car of a four-car chain reaction. His car did not sustain much damage, but his complaints grew over time. First, he had headaches and then memory and other problems...
When should you update your will?
A will is one of the most important documents to include in your estate plan. In its most basic form, a will dictates how to divide your assets after you die. Without a will, the American Bar Association states that who receives your property after your die could be...
Why single people need planning too!
From the desk of Felicia Pasculli, Esq. It is important for a single person to undertake long term health care and estate planning. Most single persons think planning is just for couples. It’s not surprising; the law has always been predisposed to the traditional...
The importance of having an advance healthcare directive
Planning for the future is important. However, more people plan for financial reasons than for medical ones. An advance healthcare directive gives directions regarding health and medical care if you are in a state in which you are unable to make these decisions....