Monthly Archives: August 2023
You and Your Spouse Can Write a Joint Will, but You Probably Shouldn’t
You can do almost anything with your estate plan, but some of the estate planning moves that it is legal to make are inadvisable in most contexts. For example, it is possible to qualify for Medicaid nursing home benefits by spending down your assets at least five years before you apply for Medicaid, but… Read More »
What You Do With Your Valuable Personal Property Now Is As Important As Who Inherits It
Estate planning checklists tend to be very specific when it comes to official documents, money, and real estate. They will tell you to write a will, designate a personal representative, and include instructions for the final disposition of your remains. They will advise you to keep as many assets as you can out of… Read More »
Laws That Protect New York Seniors From Fraud and Financial Abuse
Elderly people represent a disproportionate share of victims of financial crimes such as fraud and theft. The vulnerability of seniors to financial crime comes down to several reasons. In some cases, the victim does not notice that the money is missing because the victim is in such poor health that he or she cannot… Read More »
Can New York State Inherit Your Money?
The idea of the state inheriting your money instead of your family inheriting it is enough to scare a lot of people into getting started on their estate plans. Having an estate plan is better than not having one, but your fears that the State of New York will end up with the inheritance… Read More »