Most people create an estate plan at some point in life to prepare for what will happen to their loved ones and assets when they are no longer alive or when they are incapacitated. Sometimes, estate plans are created or updated in response to changes to the...
Estate Planning
What should you include in your long-term care plan?
Whether you are beginning to look into long-term care plan options for yourself or someone you love, it’s important to consider the many parts of a long-term care plan and to decide which topics you need to discuss. Long-term care planning includes many different...
What you can learn from Bill and Melinda Gates’ inheritance plans
Bill and Melinda Gates made headlines when they decided to get divorced. Bill, who was once the richest man in the world, is the head of the Microsoft computer corporation. His vast wealth needed to get divided when the couple chose to split up. Interestingly, the...
Statute of limitations extended through November 2021
Motions in Limine involve discussions over excluding testimony away from the presence of jury members. These motions played a prominent role in Governor Andrew Cuomo’s executive orders in response to the COVID-19 pandemic throughout 2020. Respondents moved to dismiss...
4 important changes to the power of attorney form in New York
Estate planning isn’t just about creating a will. It’s about securing your family’s future. And it’s about securing your interests, as well. Two of the most important things your estate plan can do are establish your healthcare directives and give someone power of...
Long-term care planning can help you protect your assets
You’ve probably heard about long-term care planning. It’s your plan for how to care for yourself at home or at a facility if you can no longer take care of yourself. It’s how you’ll pay for those services and an explanation of the services that you want. Long-term...
Funeral Reimbursement Program helps with COVID-19 funeral costs
Over the course of the pandemic, many people have lost loved ones. Unfortunately, that left them with large funeral costs and bills that they may not have been expecting. The cost of an average funeral and burial is $7,360, based on data from the National Funeral...
If you have life insurance, make sure to update your beneficiary
One of the best ways to provide for your children after you pass away is to buy a life insurance policy. This may also be a tactic to provide for your spouse if you’re worried about passing away before he or she does. Many people have policies worth $1 million or...
What are the benefits of an in-home health aide?
Long-term planning for health complications is a natural part of estate planning. No one can predict the future, but aging does bring with it risks of loss of mobility, physical and cognitive limitations, issues after strokes or heart attacks, and much more. Planning...
Gov. Cuomo signs bill to simplify power of attorney forms
Gov. Andrew Cuomo has signed a bill that will simplify New York's power of attorney forms. The law, which will take effect in June 2021, makes power of attorney forms easier to fill out. In fact, New York residents can fill out the new power of attorney documents...
