We all love getting gifts. But sometimes, receiving a gift today may cost you later in capital gains taxes. So, when it comes time to passing your assets to your children and other loved ones, you should understand the pros…
What are special needs? Special needs is a specific disability type requiring focused attention on education for those with learning difficulties, behavioral or emotional problems, or physical disabilities. How are special needs defined? The term special needs refers to those with learning…
Grandparents in love with their grandchildren – I am one of them. Our Ruby and Jo are so precious. So, we will do whatever we can to make our grandchildren’s lives the best. Not good or better, but the best…
A guardianship proceeding can be very expensive, time-consuming, and emotionally and physically draining—for the person who needs a guardian and the family members as well. Why Guardianship is Such a Hassle You have to file a petition with the court You have to serve…
A Health Care Proxy in New York is an estate planning or elder law document that allows you to appoint a trusted adult person to make medical decisions for you if you can't. This document is also used to provide…
If you are an estate trustee managing a trust or an executor of an estate that owns real property, you may need to sell the real property throughout the course of trust or estate administration. Before moving forward with the…
It is common for older adults diagnosed with dementia to lack the necessary resources to care for themselves over time. If you or a family member has received a dementia diagnosis, begin immediately to discuss and seek guidance for future…
A family member or friend may ask you to act as power of attorney to make medical or financial decisions on their behalf. This person may be planning for a time when they can't take care of their affairs due…
Unfortunately, seniors are prime targets for financial abuse and scams. The elderly are often taken advantage of by strangers — and sometimes even their own family members. That’s why it’s crucial to have planning in place to protect seniors and…
Legal disputes over wills and trusts, guardianships, and conservatorships can affect the authenticity of gifts and the ownership of family homes and land. The most successful approach to mitigating or avoiding probate litigation is carefully planning for the future. Comprehensive…