Understanding Your Role as a Health Care Agent Your loved one did their part and visited their NY estate lawyer to talk about medical concerns. A parent may be worried about declining health with age. A friend or sibling may…
A trust identification number is essential for identifying a trust as a legal entity for tax purposes. Whether you’re establishing a revocable or irrevocable estate planning trust, having the correct trust identification number is crucial to properly manage your assets…
You may have heard or read the legal terms “by representation,” “per stirpes,” or “per capita” when researching estate planning. These terms may sound like irrelevant legal jargon, but they are very important when deciding how you would like your assets…
Sometimes when a loved one passes away, an individual who believes they inherited assets from the decedent will be told at a bank or financial institution that they need “Letters Testamentary” in order to collect those assets. The question most…
Many New Yorkers own real property in multiple states. It is common for a New York resident to own real property, such as a vacation home in a warmer location. In this situation, it is important to speak with a…
When we pass away, we often want our assets to be collected by our loved ones as quickly and easily as possible. When settling an estate, an asset with a designated beneficiary will pass outside of probate and directly to…
Did you know that 50% of marriages in this country end in divorce? Subsequent marriage divorce rates are even higher; 60% for second marriages and 73% for third marriages. These statistics cannot be ignored. As such, you should consider proper…
The average cost of nursing home care in New York is astounding! The general range is between $13,000-$20,000 per month. There are three forms of accepted payment: Private pay (from your own pocket); Long-term care income (if you are fortunate…
Healthcare costs can be extremely expensive, especially so when considering the care of an incapacitated person. Depending on the nature of the person’s incapacities, they could require significant amounts of home care or placement in a residential facility offering care…
Eric J. Einhart, Esq. has been named to the 2022-2023 Executive Committee of the National Academy of Elder Law Attorneys (NAELA) as incoming Secretary. Established in 1987, NAELA is a non-profit association of attorneys dedicated to improving the quality…