An estate plan can encompass a lot of parts including a Will, Trust and Advance Directives (such as a Power of Attorney and Health Care proxy). A Health Care Proxy allows you to appoint someone you trust to make health care decisions for you at a point when you can no...
Preserving & Protecting Your Family’s Assets & Legacy
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What should a good estate plan contain?
Creating an estate plan is a crucial element in caring for your family. In order to situate your loved ones on a successful path, it is important to understand what documents you should have in place. Although each estate plan is unique to the client’s particular...
The impact of distracted driving accidents
On the road, you need to keep an eye out for various risks. Aside from weather-related hazards, drunk drivers and chaotic traffic, you should focus on the prevalence of distracted driving and understand the risks that come with this behavior. Sadly, distracted driving...
Eligibility for Medicaid and retirement accounts
Before entering a nursing home or assisted living facility, many seniors need to obtain Medicaid benefits to pay for the cost. However, qualifying for Medicaid involves falling within a relatively low income bracket and having fairly minimal assets. New York’s...
Challenges that families face when looking at nursing homes
Families who are helping a loved one transition into a nursing home or assisted living facility have to process an overwhelming amount of information and make some very difficult decisions. At a time when people are feeling scared and vulnerable about what will happen...
Are you considering reviewing your estate plan?
Your estate plan is an ever-evolving work in progress. After you create it, you must constantly update it. Why? Because it needs to reflect your life at its current moment, and your life undergoes many changes throughout its course. But reviewing your entire plan can...
Why an irrevocable trust can be a great estate planning tool
Perhaps you are nearing retirement closing out a successful career, and you might be thinking about estate planning tools, especially trusts. There are various kinds of trusts suited to individual needs. For example, you may find that an irrevocable trust is a perfect...
How does a pooled trust help someone with special needs?
Your loved one with special needs must follow the rules in order to remain eligible for certain government programs. A pooled trust provides the beneficiary the opportunity for a better quality of life without jeopardizing the benefits of programs such as Supplemental...
Could a back-up plan help your trust-based estate?
As a well-organized person, you may have been exploring your estate planning options for some time. Because you certainly do not want to leave your family in a difficult position in the event of your passing, you want to make sure that you have made the best planning...
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