Long term care is expensive in New York, and many people will require LTC in their later years. It is important that workers approaching retirement think about their financial plans for LTC. Medicaid can help ease the financial burden, but it can be difficult to...
Month: April 2020
What is an advanced directive?
While virtually no one wants to think about end of life medical care, these decisions are crucial to your health and well-being. Establishing an advanced directive now spares your family immense stress when it comes to making decisions about your medical care when...
Protecting your business from divorce
If you and your former partner someday make the decision to part ways, you will have to take steps to separate your lives from one another’s. This involves dividing up assets and debts, and many people also have business interests to protect during their divorces. ...
What is a living trust?
If you do not yet have a will or living trust, you are not alone, as 6 in 10 Americans have yet to create these estate planning documents, states a survey produced by Caring.com. One of the reasons why you may not have a living trust is that compared with a will, you...
What home buyers should know about easements
An easement is a legal arrangement that gives a third party limited access to land or property. If you are in the process of buying the home and learn about an easement, it is crucial to understand how the arrangement may impact your use of the home. New York state...
Should I update my estate plan during a divorce?
During a divorce, it is normal for you to look down the road and try to imagine what your life is going to look like next month, next year and beyond. There are many elements to consider when evaluating your life after a divorce and one thing that will likely change...
Determining child custody and support for unmarried parents
You do not have to go through a divorce to know the stress that comes with a separated family. The uncertainty surrounding the future of your child’s life can be enough to cause a significant burden. You may be looking to better understand your rights in your child’s...
Unless you act, you leave nothing to your stepchild
Blended families are commonplace. Today, the thought of a stepchild getting cut out of their inheritance only because they are a stepchild might seem unthinkable. But a parent’s or spouse’s death involves many complex emotions and perhaps many financial assets....
Protect your future with essential estate planning documents
Estate planning is often neglected as a strategy to protect a person’s financial well-being while they are young and in good health. A recent survey shows that only 40% of American adults have an estate plan in place. However, comprehensive estate management is...
Closing on a home: What first-time buyers should know
After months of preparation and house-hunting, you are finally ready to close on the perfect property. The past several weeks involved a steep learning curve as you navigated the New York real estate market for the first time. Now, all that is left to do is close—and...
