Death is inevitable. While it may not be something you want to think about, it is an unavoidable and unpredictable part of life. Although you cannot predict your death, you can plan for it. An estate plan is a way for you to help your loved ones know what you want for...
It is hard to know what aging will involve for you. Some people remain mentally sharp and physically fit well into their 90s and live independently their entire life. Others may start to develop physical limitations in their seventies and may experience cognitive...
Estate planning can be as complex or simple as your financial and family needs. For those with just one possible heir and only a few large assets, a will might be all they really need. For those with multiple beneficiaries, complex assets or difficult family...
It is easy for even the most responsible and diligent of adults to procrastinate about estate planning. However, few things help people confront the looming specter of their own mortality more quickly and realistically than adding children to the family. Whether you...
When it comes to age and estate planning, what you often hear is that people believe they are too young. They imagine doing their estate planning when they’re elderly, perhaps long after they retire. But could this work the other way around? Could you be too old to...
Many people in New York won't qualify for Medicaid right away when they need medical care. Even after their income drops or ends abruptly, they may still have personal property that exceeds the limit for Medicaid applicants. Thankfully, certain assets, like the home...
When you are putting together an estate plan, one aspect of that plan should be your advance directive. An advance directive has two legal documents within it, your health care proxy and your living will. A health care proxy is important because it determines who will...
The executor will be responsible for initiating the probate proceeding of your will and fulfill the wishes that you expressed in it. Your executor will have a fiduciary duty to your estate, which means they will be held liable if they misuse your assets for their own...
The decision to seek an adult guardian is not taken lightly in New York. When an individual is deemed unable to make decisions regarding their personal life or financial affairs without placing themselves or others in harm’s way, the court will appoint a competent...
If you are working on your long-term care plans, two things you should include are your nursing home choice and guardian selection. You want to establish an individual who can care for you if you cannot take care of yourself, and you also want to take the time to...
