No one likes to consider the fact that they may one day need help in managing their affairs, but the fact remains many people will need a fiduciary they can trust to act on their behalf when incapacitated. Typically as part of an estate plan, an individual will execute a…
Articles Posted in Elder law estate planning
The Mickey Rooney Example: Be Clear About Funeral & Burial Plans
Legendary actor Mickey Rooney died earlier this month at the age of 93. Over the later course of his life, Rooney offered many important lessons related to elder law estate planning. For one thing, he was a vocal advocate against senior financial exploitation. In 2011 he testified before a U.S.…
Is New York Ready For Boom in Old Age?
The Post-Star recently published a story with the provocative headline: “Old Age is Coming, and We Are Not Ready.” The article touches on some practical issues in New York state that have often been discussed in the wake of the national demographic shift that is already underway. As most know,…
Authorities Often Act Too Late to Prevent Elder Financial Abuse
The Bellingham Herald discussed an often overlooked but vital matter that is of serious concern to our New York elder law estate planning attorneys: elder financial exploitation. Our work helping local residents avoid the probate process, save taxes, and plan for disability, involves elements of trust and relationship-building. Yet, we…