Owning digital property has become increasingly common in today’s society. If you are one of the many people who owns digital assets, it is critical to understand that estate planning should be performed for these valuables in the same way that it would for tangible items. Obstacles involved with Estate…
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New York Estate Planning & Elder Law Blog
Meet Alexa’s Cousin, Aiva in Hospitals
Anyone who has ever been hospitalized remembers times when assistance was needed and despite using the call button to request help had to wait a long time for assistance. On one particular hospitalization I remember the nurse telling me that I had to call her in order to use the…
Why Estate Planning is Critical Even If You Don’t Have Children
Estate planning involves a number of personal decisions. The best estate plans are personalized to the individual that writes them. This is why online, one size fits it all estate planning documents are often not the best idea. This is also why some people struggle to complete their estate planning…
Aging and the Environment
Environmental problems disproportionately impact young children and the elderly. Older people are affected because their mobility is reduced as they age, they suffer from medical conditions that are exacerbated by the weather, and they lack the resources to move or obtain help that can alleviate some of the worst climate…
People with Few Assets May Still Benefit From a Trust
It is never easy to estate plan. For one, estate planning involves uncomfortable decisions about how your assets will be divided following your death. Estate planning, however, is critical because it avoids a number of serious obstacles including family disputes, additional taxes, and the probate process. Despite the potential to…
Long-term Care Planning for Older Americans
The best time to plan for long-term care is when you are mentally and physically well. While it is a task often avoided, thinking about how you wish to be cared for when you become older or are suffering from an illness or incapacitation is important for you and your…
Reminders: Reasons to Create an Estate Plan
While some people think that only the wealthiest people require estate plans, this is simply not true. Everyone can benefit from an estate plan. Despite this, the American Association of Retired Persons reports that over half of adult individuals in the United States lack estate planning documents. There are a…
Preventing the Claw Back of Gift Transfers Under the 2017 Tax Cuts and Jobs Act
The popular adage that the only two things that are certain in life are death and taxes is a good starting point as we begin our discussions on the topic of the possibility of the claw back of gift transfers under the 2017 Tax Cuts and Jobs Act. According to…
Tips on Picking a Personal Representative
A personal representative named in a Last Testament is allowed to be an out of state resident only if that individual is a blood relative or a relative through an existing marriage. If a representative does not satisfy this criteria, a person is still able to use an alternative to estate…
Medicare for All or Medicare at 50? Expansion of Medicare and Medicaid, Part 2
We are examining proposals at various stages of the legislative process to expand Medicare and Medicaid healthcare coverage to either provide universal healthcare coverage to all Americans or expand eligibility of individuals currently not covered by the Affordable Health Care Act. Our last post examined two proposals to expand Medicare…