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Guardianship vs Power of Attorney: Understanding the Difference

By Meyer & Spencer, PC |

In New York, guardianship and power of attorney (POA) are tools used to manage a person’s affairs when they cannot do so themselves. Both tools allow other people to make crucial decisions on behalf of other people. However, while these two tools may serve the same purpose (ensuring someone can make decisions on behalf… Read More »

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Litigation2

PROBLEMS WITH THE NEW TRANSFER-ON-DEATH-DEEDS LAW

By Meyer & Spencer, PC |

In April 2024, New York State adopted the new Transfer-On-Death Deeds (“TODD”) law.  The law aims to simplify the transfer of one’s home to their heirs by bypassing the Court proceedings which are part of the probate process.  Theoretically, this law succeeds at that because now a homeowner can list beneficiaries on a TODD. … Read More »

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EstatePlanning3

Protecting Your Digital Assets in a New York State Estate Plan

By Meyer & Spencer, PC |

In today’s digital age, a person’s estate is not limited to physical assets. Today, people own a variety of other assets that are not in a physical form.  Some of these are, known as digital assets. Digital assets include social media profiles, cryptocurrencies, email accounts, etc. Our digital assets hold significant value, just like… Read More »

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MedicaidP

Spousal Refusal & New York Medicaid

By Meyer & Spencer, PC |

In the U.S., the program that oversees most medical care for the elderly and disabled is Medicare, which offers coverage for many different types of service. That said, if a Westchester County resident needs long-term care, it is Medicaid that will cover those bills, assuming the person qualifies for benefits. Applying for New York… Read More »

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MedicaidPlanning

Effective Asset Protection Strategies During The Medicaid Look-Back Period

By Meyer & Spencer, PC |

When a Westchester County resident is seeking long-term care from Medicaid, too often they simply apply for care without planning properly, which can lead to many of their assets winding up in Medicaid’s hands instead of with their chosen beneficiaries. The far better option is to plan before the need for care arises –… Read More »

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Trust

How To Tell If A Trust Is Right For My Estate?

By Meyer & Spencer, PC |

When a person is starting their estate planning, their options can be overwhelming, and it is common to feel unsure about what may be best for their specific situation. A trust is one potential planning choice that is quite popular with many, but it is not always the best tool for everyone. It is… Read More »

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EstPlan18

Common Mistakes To Avoid In Estate Planning For Elders

By Meyer & Spencer, PC |

New York estate planning is, in most situations, a fairly complex endeavor, and the stakes are high. You need the right Westchester County attorney to ensure that your wishes are respected and your assets go to the people you wish to have them. It is crucial that you and your attorney avoid the most… Read More »

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ElderCPlan

Applying To Medicaid As A Married Couple Can Be Complex

By Meyer & Spencer, PC |

When a person over the age of 65 decides to apply for Medicaid benefits, it can be a surprise to learn that in most cases, a married couple is treated as a unit for the purposes of income and other financial information. In some ways, seeking long-term care benefits as a married person is… Read More »

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ElderlyParent

New York Advance Directives Protect Your Rights

By Meyer & Spencer, PC |

No one wants to ever contemplate that there may be a time when they cannot speak for themselves. However, the sad fact is that it does happen, and sometimes, it can happen without warning. It is crucial that, once you hit a certain age, you have plans in place to ensure your wishes can… Read More »

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Gifts and Estate Planning In New York

By Meyer & Spencer, PC |

When a person is creating their estate plan, gifts to friends and loved ones are often contemplated and made during the donor’s lifetime. This is known as giving an inter vivos gift – ‘inter vivos’ meaning ‘between living people.’ One might think that simply giving gifts would be easy – but legally, it can… Read More »

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