When most people think of creating an estate plan, they think of legal and financial documents that provide for the transfer of their material wealth – the contents of their bank accounts, their home, and personal property. But some of…
In today's world, as an estate planner we are seeing more clients interested in Prenuptial Agreements. Here are a few thoughts to consider: YOU DON'T HAVE TO BE RICH TO HAVE ONE Those days are over. Yes, us ordinary folk can and…
Jack was very unhappy with his daughter, Carol. She had no interest in being part of Jack's life and in fact, refused to let her father see her children (his grandchildren). So, Jack, with regret, decided to leave his assets to his…
On February 5th, I discussed whether you have taken steps to protect your family and your assets in case you should pass away. A topic no one likes to think about. I outlined the first five steps. Now that you…
When it comes to Long Term Care Insurance (LTC), an important feature to consider is an inflation rider. Simply put, your LTC insurance benefit needs to keep pace with the increasing cost of long term care services. Here are some options to consider: Choice…
God forbid but is your family prepared? Here are five things you should do and set a deadline -- like February 14th! 1. Create an estate plan. Figure out why you have been procrastinating and conquer your fears. If you need an…
You are not happy with your child's marriage. Perhaps, it is just a feeling that you have. Or it may be more apparent - your child may be separated or shared with you that she is in a bad marriage. Then, there…
On October 23, 2013 Governor Andrew Cuomo signed the Uniform Adult Guardianship and Protective Proceedings Jurisdiction Act (“UAGPPJA”) in to law. This long-awaited law, which will go into effect April 21, 2014, provides a much-needed resolution to the expensive and…
The simplest of activities are usually what brings a family together, creating traditions and lifetimes of memories. For many families, this activity is football. If your family has purchased a personal seating license (“PSL”) to get season tickets for your…
The term Life Estate seems like an oxymoron, and may be confusing to someone who is not familiar with the term. A “Life Estate” is a legal arrangement that allows a person to have possession of property during his or…