It is a misconception that, in order to protect one’s assets from the cost of long-term care, an individual must transfer all of their assets to an irrevocable Medicaid asset […] Read more »
Most people purchase life insurance to ensure their loved ones will be financially sound upon their demise. While the details of these policies vary, they generally fall into one of […] Read more »
The U.S. Administration on Aging estimates that 70% of Americans over the age of 65 will require long-term care services, such as home care, assisted living, or skilled nursing. The […] Read more »
As the use of AI and cloud-based platforms have become widespread, so have “DIY” Last Wills and Testaments (LWTs). There is no denying the convenience of drafting your LWT from […] Read more »
Part One of this article from January 2024 discussed how affluent New Yorkers who do not engage in estate tax planning could find themselves paying a combined federal and NY […] Read more »
For the vast majority of New Yorkers, the federal estate and gift tax and the New York estate tax is not an issue. However, for affluent residents of the State […] Read more »
Although there are exceptions, the vast majority of seniors desire to remain in their homes and maintain as much independence as possible. Yet, the process of aging is inevitable, and […] Read more »
If you have a child, grandchild, or other loved one with a severe and chronic mental or physical disability, it is more important than ever to plan for their future. […] Read more »
For many people, their house is their most valuable asset and worthy of protection at all costs. Yet, only those with the foresight to plan ahead recognize that one of […] Read more »
It is a common misconception that trusts are only for wealthy individuals. There are a myriad of reasons why people of all income brackets should utilize a trust as a […] Read more »
