On behalf of Higgins, Roberts & Suprunowicz, P.C. | Nov 9, 2020 | Estate Planning
If you have a disabled loved one, you may want to include a special needs trust in your overall estate plan. This type of trust provides the beneficiary with access to funds to use on supplemental expenses without harming his or her eligibility for means-tested...
On behalf of Higgins, Roberts & Suprunowicz, P.C. | Aug 29, 2020 | Estate Planning
An estate plan can serve several purposes, such as providing for your spouse and children in the event of an illness or incapacitation. As noted by Bankrate.com, not having a clear plan in place could result in the state making decisions based on its own judgment. ...
On behalf of Higgins, Roberts & Suprunowicz, P.C. | Jul 7, 2020 | Estate Planning
As people age, they may rely on Medicaid benefits to ensure they receive the care they need. However, eligibility for such assistance may come at the price of draining the assets they long worked for and hoped to pass on to their loved ones. Through estate planning...
On behalf of Higgins, Roberts & Suprunowicz, P.C. | May 7, 2020 | Estate Planning
As you prepare the plan for transitioning your assets to your beneficiaries in Schenectady, a nagging thought likely lingers in the back of your mind: what you anticipate having to pass on to them is not a true amount, as a portion of those assets will almost...
On behalf of Higgins, Roberts & Suprunowicz, P.C. | May 6, 2020 | Estate Planning, Family Law, Medicaid eligibility
Medicaid provides needed medical support for many families. It ensures that vulnerable people, the disabled, and low-income families get essential medical care. New York’s recent push to reform Medicaid could impact your eligibility – and your health. You need...
On behalf of Higgins, Roberts & Suprunowicz, P.C. | Apr 30, 2020 | Estate Planning
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...
On behalf of Higgins, Roberts & Suprunowicz, P.C. | Apr 30, 2020 | Estate Planning
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...
On behalf of Higgins, Roberts & Suprunowicz, P.C. | Apr 24, 2020 | Estate Planning
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....
On behalf of Higgins, Roberts & Suprunowicz, P.C. | Apr 22, 2020 | Estate Planning
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...
On behalf of Higgins, Roberts & Suprunowicz, P.C. | Apr 22, 2020 | Estate Planning
If you are relatively young and still in good health, you may not be thinking about if you will ever need to live in a long-term care facility. But if you live long enough, there is a good chance that you will need to spend time in a nursing home, assisted-living...
