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While many people readily associate estate planning with legal documents like wills and trusts, which typically only come into play after an individual’s death, the process also relates to many important long-term care and end-of-life matters. While individuals tend...

As we’ve noted in previous blogs, decisions related to estate planning are highly personal and should only be made after taking numerous factors into consideration. When considering your estate plan, making the decision of who to appoint as the executor of your estate...

Maintaining one's health should be a top priority for anybody. However, this can be particularly important when planning for the elderly in New York. Making sure that one will be taken care of in old age may require considering the possibility of the need for...

In many families, matters related to long-term care & estate planning are often among those that are dreaded and avoided. There comes a certain point, however, when such conversations are necessary such as when adult children notice the physical and/or mental...

In many marriages, each spouse fulfills a certain role and takes on certain responsibilities. This is often especially true when it comes to financial matters. In addition to paying monthly bills and managing a monthly budget, a more financially-savvy spouse is also...

In life, there are things that we all know we should do. Exercise, eat healthy and budget wisely are things that we know have inherent benefits; yet many of us fail to take steps to incorporate these positive actions into our lives and thus may suffer the related...

For a business owner, a company is often regarded much like another child. This makes perfect sense when you consider the amount of time, attention and care that often goes into building a successful company. It also makes sense, therefore, that a business owner may...

You might assume that your family will know your wishes in the event that you become unable to make financial and medical decisions on your own, but this assumption and lack of advanced directives can turn out to be a mistake that results in confusion, conflict and...

As New York City residents age, many likely have questions and concerns about their futures, including Medicare. Fears about declining physical and mental health are often on the minds of retirees who may have watched parents or friends cope with difficult late-life...

The tragic circumstances that surrounded the life and death of the late multi-Grammy winner Whitney Houston, continue to plague those she left behind after her death in 2012. Most recently, the late-singer's only child, Bobbie Kristina Brown, was found unconscious in...

Estate planning is typically thought of as a family affair. This is because individuals most often leave their assets and property to their spouse, children and grandchildren. So do people without a spouse or children even need an estate plan? The answer is an...

While most people would likely agree that planning for one's future and those of loved ones is important, many fail to take steps to establish an estate plan until later in life. It isn't until many people are nearing or in retirement that they begin to contemplate...

Most people consider a will to be the cornerstone upon which a comprehensive estate plan is built. People often use a will to leave personal belongings and assets to family members, friends and charities. While a will helps account for the disposition of an...

New York business owners likely worked for years to achieve certain professional accomplishments. When an individual makes the decision to retire or is no longer able to effectively run a business, to ensure for one's own financial security and a business' future...

At its core, the estate planning process helps people plan for unforeseeable life events. While we all know we won't live forever, there are many unknowns associated with how old we will live to be, our physical and mental health and our living situation. These types...

Every parent has concerns about their child and his or her future. For parents who have a child with special needs, worries about the future are much more complex and long-term. For parents who have a child with autism or a chronic illness that may affect his or her...

Aging is an inevitability of life and, as we age, it's important to take steps to plan for one’s changing needs. For many families, it may not be possible for a grown child to provide the level of care an aging parent requires, without future care considerations. As...