Category Archives: Estate Planning
Estate Planning Can Benefit Younger Adults
Most people under the age of 60 do not think about planning their estate very often, if at all. They tend to see it as something to address in the future – but there are several reasons why estate planning is a good thing for younger adults to invest in at a relatively early… Read More »
Important Issues In New York Medicaid Planning
When one is planning their estate in Westchester County or Putnam County, one of the first things to address is what role, if any, that Medicaid will play in your long-term care plans. Medicaid is a federal program administered by each of the individual states, and if you worry about your health needs being… Read More »
Discussing Estate Planning With An Elderly Loved One Can Be Difficult
It is not uncommon for a Putnam County parent to resist discussing estate planning with their children, either because they are unwilling to accept help on that issue, or because they are afraid of confronting it at all. However, it is crucial for older people, particularly those with children and other loved ones, to… Read More »
Which Type Of New York Trust Is Best For My Estate?
There are many different potential estate planning documents that a person can use to put their affairs in order. One of the most commonly used is the trust, which is a legal entity designed to hold assets ‘in trust’ for a future beneficiary or beneficiaries. However, what the average person may not know is… Read More »
Incorporating Digital Assets Into Your New York Estate Plan
While no one likes to contemplate the fact, it is the truth that our digital footprints will likely be around long after we have gone. Digital assets have become a bigger and bigger part of many estates, and it is important to plan appropriately for how digital assets may be handled after a person’s… Read More »
Should I Include Long-Term Care Insurance In My New York Estate Plan?
Estate planning is a process that can take years to get 100 percent correct. People’s lives grow and change, with new opportunities and relationships supplanting or replacing the old. However, one thing that will remain constant for the majority of people is the necessity for proper medical care as they age. In order to… Read More »
When Should I Update My New York Will?
A common misconception people in Westchester County have about making a will is that it is a static event, done once, never to be taken out again during one’s lifetime. In reality, a will can be updated whenever the testator (the person whose assets are being disposed of in the will) desires; in some… Read More »
LGBTQ+ Estate Planning In New York
The U.S. Supreme Court legalized same-sex marriage in 2015, in its decision in Obergefell v. Hodges. However, court decisions can be reversed or overruled; if this happens, many LGBTQ+ spouses may find themselves locked out of several legal processes predicated on marriage. Estate planning is a major legal field in which blood relatives are… Read More »
Choosing Your New York Healthcare Proxy Agent
When the average person thinks about their eventual passing, they prefer to think of it happening at home, surrounded by loving family. Thankfully, this will be the case for many Mahopac residents, but it is all too common for someone to pass on while in a hospital or other medical facility after acute distress… Read More »
Do I Need A New York Power of Attorney?
No one wants to think about getting older, but it is one of the few things that cannot be avoided. As it happens, it is important to ensure that your finances and your well-being are both properly protected. Executing a New York power of attorney (POA) can be a good solution in many respects… Read More »