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Estate Administration Archives

Caring for the elderly can cost more than raising a child, report finds

It is no surprise that the cost of caring for ourselves and our loved ones as we age is expensive. We expect there to be certain costs tied to nursing care, medical care and other needs as we age. We plan, we save and we do our best to make the right choices for our family's future financial stability.

Avoid these three headaches by getting an estate plan

Putting together an estate plan is likely on your to-do list. You know that list. The one that also includes other fun projects like putting together a budget, double checking the health insurance policy and cleaning out the basement. This list likely gets brushed aside on a regular basis.

We can all learn from Prince's estate planning mistakes

Recently, the world was shocked to learn of the unexpected death of the musical legend Prince. Best known for his provocative lyrics and flashy on-stage performances, Prince was also intensely private and fought fiercely to maintain ownership of and control over his music. For someone who, in his private life, shied away from the cameras; recent reports that Prince died without a will or estate plan are all the more shocking as the late-musician's private financial affairs will now become public record.

How to help loved ones who are victims of power of attorney abuse

Most people in New York and across the country offer assistance to their loved ones as they age. From offering help doing daily chores to finding affordable health care options, there are a countless number of ways in which we can offer our loved ones help during a time in their lives when they perhaps need it the most.

Can you disclaim an inheritance? - Part II

In our last post, we began a discussion about the possibility of disclaiming an inheritance. Popular culture generally treats the concept of inheritance as a welcome one. When loved ones pass away and leave their friends and family gifts of money, property or other assets, popular culture tends to portray these gifts as meaningful and inviting. In reality, familial relationships are complex. And regardless of whether or not the loved one who has died was beloved and will be missed, a host of reasons may inspire an individual to attempt to disclaim any given inheritance.

Avoiding a very common estate planning misstep

Frequent visitors to our blog are likely aware of how important estate planning can be. Not only can this process help you to ensure that your wishes regarding property are known in the event of your death, this process can also help to ensure that your medical wishes and end-of-life care preferences are known as well. It can help you guard your property against certain taxes after your death and it can help to ensure that your wealth is distributed in accordance with your priorities and values.

Can you challenge a power of attorney document?

A power of attorney document allows an individual to name another individual as his or her agent. Should the individual executing the power of attorney document become unable to make his or her own decisions, the agent may legally make decisions for that individual. Depending on the scope of the contract, the agent may be able to make medical decisions, financial decisions and other important decisions on behalf of the individual named within the contract.

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Connors and Sullivan, Attorneys at Law, PLLC
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New York, NY 10022

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Connors and Sullivan, Attorneys at Law, PLLC
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Connors and Sullivan, Attorneys at Law, PLLC
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Middle Village, NY 11379

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Connors and Sullivan, Attorneys at Law, PLLC
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Staten Island, NY 10305

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