Many people assume estate planning is something they should only accomplish later in life. However, once you reach the age of 18, you are considered an adult in the eyes of the law and should begin considering completing some important estate planning documents in the event of an accident or...
New Law Alert: Changes in New York Medicaid Limits
Many elderly New York residents rely on Medicaid benefits to provide them with access to necessary medical care and assistance with daily activities. To receive Medicaid, there are specific qualifications that one must meet. However, recent changes to New York Medicaid limits have been adopted in 2023, and it is...
Estate Planning Is Essential for Unmarried Couples
An estate plan ensures that your assets are accounted for in the event of your passing. While estate planning is essential for everyone, it is arguably more necessary for unmarried couples who live together. When one partner in an unmarried couple passes, the other cannot inherit the other’s assets or...
A Guide to the Different Types of Estate Proceedings
When a loved one passes away, their friends and family are often left with overwhelming feelings of grief and emotion. During this time, the last thing on anyone's mind or that anyone should need to focus on is the legal and financial process associated with their loved one’s death. However,...
How to Talk to Your Parents About Asset Protection Planning
The topics of aging, long term care and eventual death are always difficult conversations to broach, especially with our loved ones. However, as we age we understand the need and desire to protect those assets we have worked so hard to build. The reality is that the cost of long...
Make Completing Your Estate Plan Your 2023 New Year’s Resolution
The New Year is a great opportunity for individuals to make new goals by setting a New Year’s resolution for what they hope to achieve over the next twelve months. As you ring in 2023, consider making an estate plan your New Year’s resolution. While death can be an uncomfortable...
What Makes a Will Valid in New York State?
For most people, death is an uncomfortable topic to think about or plan for. However, strategizing for what will happen to your estate after you have passed is incredibly important. A Last Will and Testament allows you to decide what will happen with your assets after your death and who...
Medicare’s Reduced Premiums in 2023 – What You Should Know with Open Enrollment NOW
Medicare is an essential federal health program for individuals 65 and older, as well as for younger individuals with disabilities. Medicare Part B helps cover routine medical care, home healthcare, medical equipment, and more. Despite the significant rise in inflation in recent years, Medicare Part B premiums will decrease for...
6 Estate Planning Tips for Young Families
No matter your age or stage in life, planning out the details of your estate and assets may be necessary. For many young families, including new parents or new homeowners, there is concern for the well-being and care of young children and the protection and distribution of your assets. What...
How to Use Pooled Trusts for Medicaid Planning
While there are many myths surrounding Medicaid in New York, one of the most common misconceptions is that a person “makes too much money” to qualify for Community Medicaid. With the rising cost of long term care, many New York residents are unable to afford to pay for home health...