You have the option to designate an agent with a healthcare proxy in New York. This person steps in when you can't make your own medical decisions. They can make them on your behalf, and they legally have this ability so that they can work with your medical team. ...
Medicaid is a needs-based program, so those who have stable financial circumstances may think they will never need Medicaid benefits. The more personal property you have and the more you have set aside for retirement, the more confident you may feel about your ability...
If you have created considerable wealth, you might not want to leave it all to your kids. Many well off people come to similar conclusions. While a bit of money can help your children get ahead, making things too comfortable could impact their motivation to succeed...
You can set certain financial accounts up to be payable on death (POD). This means that your own passing immediately puts the account into someone else's name. You pick that beneficiary and assign them the control of the account in advance. You still have full control...
You have worked so hard your entire life to build wealth. But, have you thought about what will happen to the possessions you have tirelessly worked for when you pass on? Do you wish to have a voice on what who will inherit your possessions or make important decisions...
It’s hard not to recognize that the real estate market has shifted dramatically, with home prices rising exponentially in certain areas – and many industry experts think the trend will continue. Even if you own a modest home, leaving it to your child or children...
When you’re thinking about your estate plans, sooner or later your mind is going to turn toward the smaller, tangible items that you own -- all of those little things that you’ve collected over the years. How do you divide those kinds of things up fairly? Before you...
You’re proud of your net worth, and you’ve spent decades amassing a nice amount of wealth for yourself. You’re not on the Forbes list, but you’re doing far better than the average person, even in New York. Now you’re working on your estate plan, though, and one heir...
There may come a day when you need medical care but you aren't in a position to make your own medical decisions. Maybe you are in a coma because you were in a car crash, or maybe you suffered a pulmonary embolism. Any medical event that renders you unconscious or...
Financing a home purchase requires that you meet many different criteria. However, given how high the average property value is in New York, a mortgage is often the only way to buy a house. You may not be able to purchase the house of your dreams with a standard...