A durable power of attorney is one of the most important estate planning documents and can save your family (and you) from problems and expenses if you become unable to handle your own affairs as a result of illness or…
There is a common expression we hear a lot "penny wise and pound foolish," but we rarely hear it being used by a state supreme court justice to describe a situation that could have been avoided. Since we live in…
When you think about your future and where you might choose to reside in your old age, does New York come to mind? For many it doesn’t. Although, maybe it should. People usually associate New York with its negative attributes:…
When it comes time to receive an inheritance, most people usually have a good idea what they want to do with it. There are bills to pay, savings for retirement, and the kitchen or bathroom that needs to be remodeled…
Reverse mortgages will be more difficult to qualify for after March 2, 2015! In March of this year, new reverse mortgage rules are due to take effect that will impact the eligibility for seniors. A reverse mortgage is a loan…
An Individual Retirement Account (IRA) is most often one of the largest assets that an individual owns. Likewise, many people heavily rely upon their IRAs for future financial needs. So why are so many people not protecting this asset? Considering…
The brave men and women in our military not only deserve our gratitude for their service, but also all the care we can provide. This means providing them with the appropriate benefits should they become disabled during service. When many…
If you are single, then you may face some unique challenges when it comes to estate planning. With millions of single adults in America today, it is more important than ever to understand the estate planning options and to take…
On December 16, 2014, Congress passed provisions that will protect children with disabilities who have parents in the military by allowing their parents’ survivor benefits to go into a special needs trust. Special needs trusts make it possible for persons…
This update provides new Medicare Figures for 2015. This is the second of a four part series of updates for 2015. Medicare PART A: Hospital Services Inpatient hospital deductible $1,260/illness Daily co-insurance $0/day 1-60 $315/day 61-90 $630/day 91-150…