Weinstein & Randisi
Toll free:800-768-1780

Resize the Content Text

Estate planning tips for New York residents

As more equality has been achieved in New York and across the United States, the role that women play in estate planning has also shifted. While men used to bring in the majority of the wealth in a marriage, that has been changing, and studies show that just over half of women who get married have wealth or assets that are at least equal to – if not greater than – the wealth of the men that they marry. A full third of those women are considered to be the primary earners for their families.

Among other things, this means that estate planning for women is now more important than it has ever been before. It is crucial that they understand their rights and their role in the process. These tips can help.

First, women should specify someone to hold their power of attorney, allowing that person to make decisions for them if they are unable to do so due to mental or physical ailments. This is an increased need for women since they live longer than their husbands – the average is right around six years longer – so they could be susceptible to these issues.

Next, women should set up a system that will help them if they need to care for their own parents. Again, seeing as how women often outlive their husbands, they may be fully in charge of providing this care to an elderly parent even if their own husband has already passed away. This plan may need to be altered by someone who is given the power of attorney if both parents and children end up needing care.

Finally, if women are married for a second time, they may want to consider making revisions to the estate plan to take this into account. They must be aware that their assets could be utilized in a second marriage if that spouse ends up needing medical assistance and care, even if the assets are from their first marriage.


Source: Source: Life Health Pro, "6 estate planning tips for women," Tom Nawrocki, June 30, 2014  

No Comments

Leave a comment
Comment Information
  • I wanted to write to say how pleased my wife and I were at your professional handling of our estate planning and preparation of new wills. We were put at ease by your visit to our home for an interview and were pleased that you listened to us and captured the things that we felt were important.

    --Robert and Christine Simonson, Fairport
  • In order to finalize the documents we came to your office and were greeted in a very professional manner and we could not have asked for finer service. We left with copies of everything we needed and feel very confident our needs have been met. Thanks again. We will surely recommend you should the opportunity arise.

    — Christine and Robert Simonson, Fairport
  • I have been working with Weinstein & Randisi for about two years now. Elizabeth Randisi, through a very thorough process, has helped my wife and me determine what is really important in our lives. Thus, we were able to draft a living will that reflected our most important values regarding our estate.

    --David and Ajia Cherry, Fairport
  • I would like to give a testimony for Elizabeth Randisi, an estate attorney with Weinstein & Randisi. Her knowledge of wills and estate planning was clearly demonstrated in her presentation to us. Realizing our need for a will, my husband and I went to see Elizabeth.

    --Kathy and Gary Gray, Webster
  • Filing for Medicaid is never an easy or fun process. However, working with the Weinstein & Randisi firm made the process simple and streamlined. We were able to obtain all files and records regarding Medicaid enrollment within a few days using specially prepared checklists and verbiage recommended by our assigned paralegal.

    --Ajia and David Cherry, Fairport
Awarded Top 50 Estate Planning Blog
Email Us For a Response

How Can We Help You?

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Blog Feed


Weinstein & Randisi - estate planning

290 Linden Oaks, Ste. 200
Rochester, NY 14625

Toll Free: 800-768-1780
Phone: 585-310-1578
Rochester Law Office Map


Call us now for a free, 100% confidential consultation: