Polizzotto & Polizzotto
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Estate Planning Archives

Keeping your estate plan up to date

When it comes to planning for the future, there is really no such thing as being over-prepared. Creating and maintaining a comprehensive estate plan in New York is an important element of preparing for the future. Once you have established an initial plan, the work is still far from over.

Three things Baby Boomers need to know about estate planning

Baby Boomers have a reputation for breaking through old stereotypes, and they're at it again. Not be outdone by previous generations, Baby Boomers are living longer and more actively. Boomers are taking up new hobbies (paddle boarding, anyone?) and traveling to foreign destinations (off to Europe to explore our roots!). They are grabbing retirement with both hands and making the most of every minute.

Top 3 Myths About Estate Planning

Too many individuals have preconceived notions that only elderly or sick people need to worry about estate planning. In truth, everyone - regardless of health, wealth or age - should take the time to draft a comprehensive estate plan. Having these documents in place not only gives you peace of mind, it also lets you control who gets what when.

VIDEO: Why many people choose to create a revocable trust over a will

A will is an effective way of transferring assets upon death, but it isn't the only way. Many people are surprised to hear that they can accomplish the same goals, plus receive additional benefits, by creating a revocable trust.

VIDEO: How trusts can protect assets in times of crisis

A trust is an estate planning tool that allows people to transfer assets out of an individual's name, thereby protecting and shielding the assets. Trusts can be especially useful in times of crisis. For example, assets can be placed in trusts to keep them out of Medicaid's reach when a person is in need of home care or nursing home care.

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Polizzotto & Polizzotto
6911 18th Avenue
Brooklyn, NY 11204

Toll Free: 1-888-335-0766
Phone: 1-718-213-4861
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