As you probably know, there are two types of estate planning documents -- wills and trusts. There are many differences between these two documents and how they serve to protect your loved ones after you're gone, so it's important to understand which one works best for...
The spenddown: Understanding medicaid estate planning
Part of estate planning involves making sure that you or your loved ones are taken care of as you age. Nursing homes, assisted living facilities and other forms of long-term care can be quite costly, however. It's not unheard of for a person to quickly exhaust their...
Protecting assets and benefits with a Supplemental Needs Trust (SNT)
Many families in New York have disabled family members. Taking care of a disabled family member is a lifelong endeavor for most. Providing for this family member extends beyond the life of the caregiver in many cases. The solution to providing for the long-term care...
Loan forgiveness: an estate planning option that benefits heirs
The lengthy discussion on loan forgiveness for college graduates and students reached a crescendo with President’s Biden’s recent decision allowing millions to forego repaying certain amounts to the government. In estate planning circles, such news may make some...