When considering your estate and planning for the future, there are different scenarios that come into play. One is considering how you and your spouse will plan after the American Taxpayer Relief Act went into effect. It was written to make things easier for...
The old saying tells us that we should put "family first." What about older New York residents without any children, grandchildren or stepchildren? For those individuals, estate planning can go from simple to complex in a jiffy. Instead of handing down all of their...
Having enough income to deal with any long-term care can be a stress factor that many baby boomers are ignoring. It can eat into your plans for the future and, if not thought of and planned for in advance, can bring about a dismal retirement. While long-term care can...
For years, extremely wealthy New Yorkers moved out of state in order to save their heirs from being penalized with hefty estate taxes. To keep New Yorkers in the state throughout retirement, the governor proposed a new law that would change the estate tax rates for...
There are people who take the time to go through the estate planning process in the appropriate manner, as well as those who think they will always have time in the future. While laws differ from state to state, meaning that our New York readers may not follow the...
The University of Rochester recently accepted a $17 million gift from The Wegman Family Charitable Foundation. $10 million has been earmarked for the University of Rochester's Institute for Data Science. Another $7 million will go directly to the Golisano Children's...
When it comes to estate planning, a good plan set in place before you reach the point when you can no longer take care of it will bring great peace of mind. If your property has worth beyond the monetary value, especially your house or land, you may want to weigh your...
With estate planning, if you don't let your beneficiaries know of all the accounts, both electronic and traditional, your assets may be extremely difficult for them to access when you pass away. In the past, a paper trail was often left so that there were clues as to...
When any Monroe County resident with significant assets passes away, the future of their estate is never completely foolproof, even with careful planning. One of the reasons for this uncertainty is that tax laws change from year to year, and many people do not...
Children who are faced with medical decisions have their parents to act as decision makers in the process. When a person turns 18 years old, however, the parent's right to make medical decisions for the child isn't necessarily a given right. In New York, anyone over...
