Weinstein & Randisi
Toll free:800-768-1780

Resize the Content Text

Is estate planning important if you're broke?

Think that estate planning is just for the rich? While passing along assets may not matter as much if you don't have a lot, there are still very important estate planning steps that you need to take in New York.

First, you may still have assets, even if your bank account is empty. What is going to happen to your home and any land that you own? What about your car? You want to divide these things—and many smaller items—even if you're not handing out tens of thousands of dollars to your kids.

Next, you also want to look into creating a health care power of attorney. This way, if something happens to you and you can't make your own medical decisions—if you're in a coma, for example—then someone else has the power to make them for you. Even if this is a worst-case scenario, you want to plan for it just in case.

You may also be interested in creating a living will, which can make some of these medical decisions in advance. For example, maybe you know already that you want your children to keep you on life support for as long as possible—or maybe you don't want it to be used at all. Either way, since you know what you want, you can put that in a living will and use the power of attorney to let one of your children make all other choices.

The key here is to know that medical decisions still have to be made, so estate planning is important no matter what, and you need to know what steps to take.

Source: daily worth, "6 Estate Planning Steps Even Broke People Need to Take," Liz Weston, accessed Jan. 14, 2016

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: