We are animal lovers at Fratello Law! Including your pets in your estate plan is important to ensure that they are cared for in the event of your incapacity or death. Here are some steps you can take to plan for your pets:Identify a caregiver: The first step is to identify a...
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4 Reasons Why a Senior Parent Needs an Estate Plan
While estate planning is important for all adults, seniors are more vulnerable to injuries and illnesses that leave them unable to take care of themselves and communicate their needs. Protecting a senior parent’s assets, wealth, and future is critical for a smooth transition into their new stage of life. A...
Estate Planning and Your Wine Collection: Preserving Your Legacy
As a wine collector, I know that you have spent years curating a unique and valuable collection. Each bottle represents a cherished memory, a special occasion, or a milestone in your life. My personal collection is centered on my travels throughout the wine producing world and memories of meeting wine...
Why Does an Executor Need an Estate Lawyer?
An executor of an estate is an appointed individual who administers the last will and testament of a deceased person. These individuals spend long hours carrying out their detailed instructions, paying off the deceased’s debts, and managing their affairs. With so many tasks and responsibilities associated with a last will...
Tips for Caring for a Parent with Dementia
Caring for a parent or loved one with dementia can be a challenging and emotional experience. Dementia can affect people in different ways, depending upon the underlying causes, any additional health conditions, and the state of the person’s cognitive function before becoming ill. Symptoms can become worse over time, while...
Key Responsibilities of a Trustee
Trusts are extremely valuable in protecting, preserving, and controlling a person’s assets while minimizing federal and state taxes. In many ways, a trust is more flexible at managing an estate's assets and minimizing the cost of settling an estate than a Will. After a person passes away, a named Trustee,...
Does Medicaid Pay for Assisted Living?
New York’s Medicaid program is a government-funded benefits plan that pays for long-term care for eligible elderly or disabled individuals who require a certain level of medical and personal assistance. If you are a resident of New York and qualify for Medicaid, the program may pay for the care component...
4 Reasons to Make Changes to an Existing Last Will and Testament in NY State
Your last will and testament is an essential legal document that outlines your wishes regarding the distribution of your assets, property, and the care of any minor children after your passing. While your will may not directly impact you, it may significantly impact the lives of your loved ones. If...
3 Estate Planning Steps For an 18-Year-Old in New York
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...