You’ve worked hard to provide financial stability for yourself and your loved ones, but your assets may be at risk. In our blog, we discuss using strategies such as trusts and family limited partnerships to protect assets from creditor claims, divorce, lawsuits, or taxation. To learn how we can assist with your specific asset protection needs, please contact our office to request a free initial consultation.
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Your Plan Will Also Protect Your Legacy From Your Children's Potential Divorces or Bankruptcies Your family’s memories of you can be connected, through your things, in deeply emotional ways that may have nothing to do with the actual cash value of items. -
How You Share Your Assets With Your Children is Up to You If you have more than one child, you’ve probably wondered if you should leave each of your children the same amount in your will or trust. For many families, the “Equality Principle” rules and every child receives the same inheritance. -
Elder Care: Should Children Pay? It is no longer news that long-term nursing care is astronomically expensive. Depending on the location, monthly costs can reach $7,000.00 or more. -
Discussing Your Parent’s Financial Future You shouldn't put off talking about finances with your parent if he or she is already experiencing cognitive decline. -
Six Big Mistakes to Avoid When Estate Planning Planning your estate ensures your assets, interests, and those you love are protected after you die. A poor plan can create additional stress in your heirs -
Using Life Insurance as Part of Your Estate Plan Grieving family members shouldn't inherit assets only to find out they cannot access them for the cash expenditures they will have to make after your passing. -
How Elder Law Attorneys Benefit Seniors and Their Family In elder law certified elder law attorneys (CELAs) serve as legal advocates for elderly people and their loved ones. Law affecting older or disabled individuals encompasses a broad range of legal matters. -
Irrevocable vs. Revocable In estate planning, there are many types of trusts. A revocable trust and an irrevocable trust are the most common and better suited to different estate plans -
How to Identify Elderly Most At Risk There is an increase in third-party scams as a result of the holiday season when people sincerely want to believe that they are making a donation to help others -
Coming of Age and Powers of Attorney At the age of 18, your child is now able to vote, marry, apply for a credit card, make financial and medical decisions, etc. Here's what they should have -
Transferring Wealth From One Generation to Another and Estate Planning Planning for the future of your heirlooms so that they are available for future generations requires careful consideration. Talk to an experienced New York estate planning lawyer, and start with an understanding of the biggest transfer of wealth in history. -
Why a Health Care Proxy is an important part of an Estate Plan Health Care proxy, medical directive, estate planning