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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....
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...
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...
By Ronald Lanza, Esq. What if you want out of New York but you still want to keep one foot in New York? Even in the pandemic, people that have one home in New York and another one in Florida want to be in the warmer weather and their goal is often to meet their...
As a New York resident, you dedicate yourself to the creation and maintenance of your estate. Your estate plan should hold equal importance, especially as it is crucial for your loved ones. Thus, you need to start off with a strong foundation. This means selecting an...
The year 2020 presented financial challenges for people all across America. This year, even the wealthy had to reconsider how they managed their money. The Secure Act made changes to how IRAs worked and how they interacted with trusts. CNBC explained that see-through...
As parents get older, there is often a shift from them taking care of their children to their children taking care of them. If this is an arrangement you suspect could be in your future, you may need to have some uncomfortable conversations with them. For instance,...
If you are preparing to set up an estate plan, or you already have a plan in place, there are various factors you need to think about if you have grandkids. For example, many grandparents have to make difficult decisions regarding the distribution of their estate's...
When you are expecting a child, you know your life is about to face a major adjustment. You’ve been preparing for months: setting up a crib and nursery, reading books about caring for a newborn and stocking up on essential baby supplies. But there’s another important...
No one wants to think about medical emergencies, but there are certain situations in which you may not be able to make your wishes known with regard to the medical care you receive. A living will is a powerful estate planning tool that allows you to outline your...
