Elder financial abuse or exploitation happens to millions of elderly adults every year. You may be unaware of this exploitation and not discover it before it is too late. Here are a few tips on how to spot this abuse and what you can do to protect your elderly loved...
When a parent passes away and leaves behind an estate that contains assets and debts, you may need clarification about what you are responsible for. As the beneficiary, do you have to pay off your parent's credit cards and mortgage? It depends. Two kinds of debt There...
When a person dies without leaving a valid will in New York state, the assets of the deceased are divided up according to the laws of intestacy. If a person dies intestate and has a spouse and no children, the spouse inherits everything. If a person dies intestate and...
The estate planning documents that someone drafts remain valid, in most cases, until they replace or update them. However, existing estate planning documents do require occasional reviews and updates. Families with minor children often have multiple, overlapping...
Even if you think your estate plan is complete, there may be other things you should attend to if your spouse outlives you. Most marriages have complexities to consider, such as individual property ownership, joint or separate bank accounts, and children and...
Setting up a pooled income trust is an option for those in need of home care Medicaid in New York to ensure they can preserve excess income and maintain access to Medicaid. People in need of Medicaid who have over the threshold income limit can deposit excess monthly...
When estate planning, knowing how your gifts could affect your inheritors' taxes may affect your decisions. This article will examine some common tax considerations that may affect how you structure your estate planning. Thresholds for a required federal estate tax...
Estate planning is a critical component of financial management that can help you protect your assets long after you're gone. Estate planning involves preparing legal documents that outline your wishes to distribute your assets and care for your loved ones in the...
Estate planning is essential when you have minor children. You want to provide financial support in the event of your death and have a say in who should be appointed as the legal guardian. Many parents feel that having someone who can care for minor children is even...
Thinking about who will care for a family member with special needs in your absence can cause significant worry. Fortunately, there are various ways your estate plan can provide for your loved one. One of those options is a special-needs trust. What is a special needs...
