Many people write off falls as a normal danger associated with the aging process. In reality, this could not be any further from the truth. While September was Fall Prevention Month, it’s important for the elderly and their loved ones to remain up to date about the various dangers associated…
Schedule an in-office, Zoom or phone consultation Here.
New York Estate Planning & Elder Law Blog
The Estate Planning Needs of the Unmarried
Estate planning conversations often give off the impression that everyone is elderly and has multiple children. In reality, however, this is not true and people who do not fit this description require estate planning assistance at least as much as people who fall into more conventional models. For example, unmarried…
Understanding Psychiatric Advance Directives
In 1990, the United States Supreme Court acknowledged the constitutional right of a patient to decline medical treatment. Over the last couple of decades, New York state has slowly recognized that traditional health care advance directives do not sufficiently deal with mental health issues. Consequently, a large number of states…
Revising Estate Plans Before and After Divorce
After a divorce, it’s understandable that you’re tired of sifting through legal documents. If you do not take the actions now to revise your estate plan in light of your divorce, you could end up facing undesirable estate planning results. As a result, you should at least consider gathering your…
Critical Estate Planning for Modern Families
The rise in the number of divorcees in New York as well as the rest of the country has led to a larger amount of blended families. While similar in many ways to traditional families, blended families face some unique estate planning challenges. This article reviews some of the most…
What You Should Know About Family Education Trusts
Planning for your children’s educational needs is a worthwhile goal. Fortunately, various options exist for satisfying this goal. A 529 plan can prove to be a powerful tool for paying tuition as well as paying for other education-related expenses while realizing tax advantages. Following your death, however, no certainty…
Approaching Tax Law Changes That You Should Know
Democrats in the House of Representatives recently released their plan on how to adjust basic income and estate taxes for both businesses and families. While it’s impossible to provide a comprehensive review of what these various pages contained. This article addresses a few of the major announcements. Only a…
Lessons Learned from the Management of the Late James Brown’s Estate
A June article in the New York Times reports that progress is finally occurring in the resolution of the estate of the late James Brown. Despite a clear intent that his estate is used for underprivileged children in Georgia and South Carolina, however, the late James Brown’s estate is yet…
The Challenge of Dealing with Children Born During and Outside Marriage
The difference between children born during a marriage and those born outside of marriage might seem insignificant, but this issue can become a substantial one for people who are navigating estate planning issues. In a recent case, Hollywood producer Steve Bing passed away with two illegitimate children. Steve’s father…
Utilizing an Able Account to Care for Loved Ones
A family with a disabled child faces countless obstacles. For many years, one of the best estate planning tools for parents in such a situation was a special needs trust. These trusts provide resources to care for disabled children while making sure that the child remains eligible for means-tested government…