Rochester Estate Planning Law Blog
When should you revise your estate plan?
Many people consider estate planning to be a one-and-done task. They take the time to develop a comprehensive plan and then put it completely out of their minds. Unfortunately, significant life events necessitate a revision to one or more parts of the plan. While not...
The debts you accrue as you age won’t die when you do
Estate planning is a process that not only helps you leave behind instructions regarding who you want to inherit specific assets from your estate but that also helps you maximize the legacy that you leave for the people you love. One of the more pressing concerns for...
What happens when a will is contested?
There may be some situations in which people think they need to contest a will in New York probate court. Contesting a will can be expensive and stressful, so people may want to avoid doing so unless it is absolutely necessary. However, if a person believes that a...
Why hiring an estate planning attorney is the smart move
While it is always wise to seek the best deal available, there are times when spending a little more now can save you a lot of money and disappointment later. Estate planning is one of those times not to be pennywise and pound foolish. Here are a few reasons why...
Estate planning tips for doctors
While your medical practice may be based in New York today, there is no guarantee that you won't have to move in the future. Therefore, your will or living trust may need to be adjusted to account for the rules in a different state. Other major life events may make it...
Medicaid could take everything from your estate, even your home
When older adults reach retirement age, they automatically qualify for Medicare in most cases. Medicare is a critical social support that ensures that retired adults have access to high-quality medical care without substantial out-of-pocket costs or the need to pay a...
5 tips for creating a succession plan in your estate plan
For those who run a family business, a succession plan and an estate plan go hand-in-hand. Determining ownership and management of the family business represents a significant portion of the stress and concern many people feel when developing a comprehensive estate...
Providing for your children in estate planning
As a parent, you always want to provide the best for your children. You work hard to make sure your kids have their basic needs met now and will have a significant inheritance someday. But sometimes, things don't go according to plan, and parents tragically pass away...
Estate Planning in Rochester, NY
While no one wants to consider their own mortality, the process of proper estate planning is one of the most selfless and thoughtful acts that a person can take part in. Whether you have amassed a large amount of personal wealth or simply own a home, a single vehicle...
Planning for Medicaid and long-term care protects your legacy
Planning your estate can feel like a morbid process, as you have to think about what will happen to your possessions and your loved ones when you die. Many people rush through the process specifically because of how unpleasant they find it, but rushing doesn't do...
