Estate Planning - Page 6

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. Updating your estate planning documents ...

You may need a power of attorney for any number of reasons. If you are part of the aging population of the country, you may need one due to an age-related illness. Of course, you don’t have to be of retirement age or beyond to suffer from a debilitating illness. In the alternative, you could ...

Estate planning is not a luxury or precaution solely reserved for the rich. Rather, it is a smart step for any New York person who wishes to protect loved ones and ensure the appropriate distribution of assets after death. It also involves legal protections in case physical or mental incapacitation prevents a person from making ...

Estate planning can be a complex process. Those attempting to put together a balanced plan likely find themselves navigating difficult questions like: Is a will enough? Should trusts be included? Is Medicaid an option? In comparison, the top reported estate planning issue in a recent survey is relatively simple: communication. Why is communication important in ...

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 ...

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 ...

A sudden accident or illness can completely devastate a family, emotionally and financially. However, getting an effective estate plan in place immediately after a crisis can help protect the needs of the loved one in crisis as well as the entire family. Using trusts and other estate planning tools, our firm has helped families preserve ...

NY has passed legislation that has increased the estate tax exemption from its previous level of $1million to a current value of $3.125,000 and increasing to $4,187,000 on 4/1/2016 and $5,250,000 on 4/1/2017 and on 1/1/2019 and thereafter matching the Federal Estate Tax exemption.  This has had a major impact on estate planning in NY. ...