A will is a signed and witnessed document that tells the world, the court, and your family how you wish your assets to be distributed upon your passing. There is a huge significance in having this document, but it must go through probate which is the process to administer the will. Probate is a straightforward …
A power of attorney is an incredibly important and powerful tool. When signed, it allows the person you appoint, “the Agent,” to take legal and financial actions on your behalf when you cannot act. This can include paying bills, selling property, and investing your funds, for example. However, a well-drafted Power of Attorney that goes …
A WELL-DRAFTED POWER OF ATTORNEY IS CRITICAL TO YOUR WELL-BEING Read More »
You Are Invited To A Zoom Webinar When: Dec 1, 2021 05:00 PM Eastern Time (US and Canada)Topic: Estate Planning and Asset Protection Basics / Modern Uses of Life Insurance Register in advance for this webinar – After registering, you will receive a confirmation email containing information about joining the webinar.
You Are Invited To A Zoom Webinar When: Nov 3, 2021 05:00 PM Eastern Time (US and Canada)Topic: Estate Planning And Asset Protection Basics Register in advance for this webinar – After registering, you will receive a confirmation email containing information about joining the webinar.
A Health Care Proxy falls within the three core documents all persons 18 or older should complete (the other two being a Will and Power of Attorney). It is necessary when you have the temporary inability to make medical decisions for yourself and more often when you are stricken with a permanent inability to make such …
The recent and drastic measures surrounding the coronavirus pandemic have caused us to rethink how we do things and how we prepare ourselves. Where we once thought that we were invulnerable to afflictions of this nature, we now know all too clearly that we are not immune from any such thing. In the world of …
You Are Invited To A Zoom Webinar When: May 5, 2021 05:00 PM Eastern Time (US and Canada)Topic: Blended Families Register in advance for this webinar – After registering, you will receive a confirmation email containing information about joining the webinar.
Many people ask, when is a good time to transfer their house to their children. This question is invariably garners a response of “Never”. This article explains the reasons why you should not do so. 1. Nursing Homes will look to recover assets if it was made within five (5) years of entering a Nursing …
Nine Reasons Not to Transfer your House to your Children Read More »
Whether meeting groups during estate planning seminars or clients individually, I’ve found there is a general misunderstanding of trusts and their function. Far too many people think trusts are for “others” when they may be ideal candidates for a trust to protect their assets and avoid probate when they pass away. The following are the …
How will we pay the nursing home? This is one of the most common questions family members of a loved one in the nursing home asks. The options are to private pay, use long-term care insurance or apply for Medicaid, if you are eligible. The current private pay cost in Upstate New York averages $10,000 …