After an exhaustive search, Robert Hilton of the law firm Hilton Estate & Elder Law announces that John Maine has joined the practice. Born in 1990, John grew up in Waterville, New York, and graduated from Waterville Senior High School in 2008 with an Advanced Regents Diploma. In 2014 Maine graduated from Binghamton University with …
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 …
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 …
According to the majority of studies, 40-50% of first marriages will end in divorce. Divorce rates for subsequent marriages are even higher. Divorce has become an industry all its own, involving lawyers, judges, social workers, financial planners and banking and insurance professionals. For many, the essential component of estate and asset protection planning is often …
We’ve all heard stories of hotly contested celebrity estates. Battles over the estate of legendary guitarist Jimi Hendrix were still going on as recently as last year, a shocking 45+ years after his death. The news that musician Prince, who was known to be controlling and astute in his business affairs, surprisingly died without an …