Few people in Brooklyn or elsewhere in the country would gasp at the notion that health problems increase with age. As people get older, they have more need for medical care as well as long-term care for ongoing health concerns.Despite this well-known trend, few...
If you are thinking about replacing your executor
If you have already appointed an executor, you have obviously taken steps to ensure that your financial and legal matters will be in order after you have passed away. Congratulations to you for being so proactive. Please however, keep in mind that estate planning is...
Undue influence: Is it elder abuse?
Undue influence is a common topic when discussing estate planning, elder law and other financial issues. However, what may not be clear is that undue influence, often defined as any persuasive act that overcomes an individual's free will, can also be considered a form...
Understanding the potential benefits of a QPRT
If you have never heard of a Qualified Personal Residence Trust, you are not alone. Although this particular estate planning tool was once popular, it became less well-known over time. However, this tool may still help various Americans transfer their homes to their...
Work with experienced attorney in seeking guardianship for loved one
The more you look at the way estate matters are handled for the rich and famous, the more convinced you become that it is really difficult for families to handle these matters peacefully. Unfortunately, the family of blues legend B.B. King is experienced turmoil right...
How will you pay for nursing home care in the future?
Whether you are someone who is currently taking care of an aging parent, or you are starting to think about your own care in the future, it can be shocking at first to learn about just how high long-term care costs are. We are not talking about a few hundred dollars...
What should Gen Xers keep in mind when it comes to estate planning?
On Friday, our blog discussed how those people inching ever closer to retirement age -- aka Baby Boomers -- need to expand their focus beyond retirement planning and ensure that they have an estate plan in place to protect the substantial assets they've accumulated...
Estate planning: It’s about more than having a will
Planning for the future is something we do all the time. We schedule vacations, set aside money for retirement, organize long-term payment plans for a house and do what we can to support our kids as they grow up and think about what they want to be someday.But when it...
Close to retirement? Do not forget about estate planning
As you get older, you are often reminded of the importance of planning for your retirement. Retirement planning is important and is one thing that you can do to make life easier for yourself in the future. Retirement planning is not the only type of planning you...