People tend to put off estate planning and elder planning far longer than they should. Some choose a piecemeal approach, making plans for one thing or another over a period of months or years. Delay and the lack of a cohesive plan can cause many problems when it comes...
According to a report in a major New York media source, more and more people in Rochester and in other communities are writing wills earlier in life. What was once a ritual for people hitting their "empty nest" years is now an exercise even younger people with small...
As our society has changed over the preview few decades, many women are beginning to find themselves on their own as they approach late middle age. Whether through divorce, death of a spouse or simply deciding never to marry, middle-aged women are beginning to control...
Debt is a reality for most Americans. Even if your assets exceed your debt, it is likely that you owe some money on your house, car, credit card or as the result of a personal loan. In fact, nearly three-quarters of Americans have some debt when they pass away, with...
This is part three of a three-part series There are so many things to consider when you begin planning your estate. You want to make sure that what you leave behind will be going to the people you want it to go to, in the amount that you have specified. You want...
This is the second of a three-part series on the importance of wills. When an individual passes away, their will is only as concrete as their last updated version. Drawing up a valid will is only the first step in the process of making sure that your estate is handled...
Last year, when Prince died at the age of only 57, the iconic musician's death took almost everyone by surprise - not least of his closest surviving family members, who were shocked to learn that the singer had never written a will. According to a Gallup Poll taken in...
In many estate planning scenarios, a person creates a will that designates certain pieces of property to go to one person or another. Then, during the course of their lifetime, the person disposes of the property. For example, they might sell it or even give it away...
People in Rochester may be so wrapped up in their day-to-day lives that they may not give much thought to their future. For example, they may put off estate planning, believing they do not need to address the issue until they're in their old age, or they may simply...
Married couples in New York may have taken the steps to create an estate plan. However, what happens if they both die at the same time, for example, in a fatal car crash? This can complicate the probate process, making it more difficult for their assets to be passed...
