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...
Preserving & Protecting Your Family’s Assets & Legacy
Estate Law And Asset Protection
Trusts may help preserve assets in New York
Many New York residents may feel that leaving assets to their loved ones will give them a sense of presence and purpose in their family members' lives even after death. While wills can be used to distribute property, directly bequeathing assets may not be the best...
Basic elements of estate planning for elderly New Yorkers
Unsurprisingly, over 30 percent of Americans polled would prefer to do almost anything else if doing so means avoiding a conversation about their wills or estate plans. While some older residents of New York may already have the legal documentation in order, others...
The importance of timely asset protection planning in New York
Far too often, aging New York residents reach what are supposed to be the golden years only to find themselves instead facing the need for long-term care that is prohibitively expensive. Since few have the necessary cash readily available to pay the high cost of this...
New York estate planning: What to do with the will
Many older residents of New York have a will. This most basic part of estate planning is important, but simply preparing a will is by no means the end of planning for the future, merely one of the first steps. From considering where to keep this important document to...
Motivating your heirs with their inheritance
Through hard work and careful planning, you have built a life of which you can be proud. One of the great things about a bountiful estate is being able to create a legacy for your children and grandchildren. However, like many, you probably have certain family members...
New York elder care: estate planning just one issue to consider
People are living longer. While this is a blessing, it also means that, as an elderly parent or loved one ages in New York, there are a lot of arrangements to make, both legal and personal. From estate planning to Medicaid planning to power of attorney documentation,...
Elder abuse and legal competence
When it becomes clear that an elder abuse is taking place, measures should be taken to rectify the situation, but what if the person being abused says they are aware of and alright with the treatment? For many individuals, there comes a time when, due to old age or...