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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How You Share Your Assets With Your Children is Up to YouConsidering equal inheritances in your will or trust is common. Many families follow the "Equality Principle" for an even distribution among children.
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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.
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Discussing Your Parent’s Financial FutureYou shouldn't put off talking about finances with your parent if he or she is already experiencing cognitive decline.
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Six Big Mistakes to Avoid When Estate PlanningPlanning 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
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Using Life Insurance as Part of Your Estate PlanGrieving 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.
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How Elder Law Attorneys Benefit Seniors and Their FamilyElder law attorneys, or CELAs, advocate for seniors and their families, addressing a wide range of legal issues affecting older or disabled individuals.
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Irrevocable vs. RevocableIn 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
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How to Identify Elderly Most At RiskThere 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
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Coming of Age and Powers of AttorneyAt 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
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Transferring Wealth From One Generation to Another and Estate PlanningEnsure your heirlooms' future with a New York estate planning lawyer, navigating the largest wealth transfer in history
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Why a Health Care Proxy is an important part of an Estate PlanHealth Care proxy, medical directive, estate planning
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Probate delays highlight the benefits of a TrustRecent probate court delays confirm the benefits of a living trust