The cost of long-term care in the United States is steep and continues to climb year after year. There are few that can afford long term nursing home or assisted living care for very long and even fewer that can do so without having assets rapidly depleted down to nothing. Medicaid is a program...

Q: Can I make a will during the coronavirus pandemic? No one likes to think about dying. That’s one of the popular reasons people postpone having their last will and testament drawn up, according to New York and New Jersey estate planning attorneys. A global pandemic can change all that. The coronavirus, also known as COVID–19,...

A factor in any estate plan is dealing with the potential for tax liability. Your estate and your heirs could have a significant tax liability if you are not careful when creating a plan to finalize your affairs after your death. Because of the recent changes in tax laws, it may be a good...

Q: What planning should I do before I retire? Ah, retirement. The golden years. The time to slow down, leave the long workdays behind, and finally reap the rewards of a lifetime of saving for the future. It’s finally time to focus on pursuing the things that interest you most. But before you head to...

Digital assets, like other assets, have value. Protecting these assets is an important part of estate planning. Failing to include digital assets in your estate plan could result in court battles and expenses for your heirs. A New York estate planning attorney can help you identify your digital assets and develop a strategy...

Estate planning can be challenging for any parent. However, single parents have additional considerations because of their status as single parents. A New York estate planning attorney can help you develop an estate plan that protects your child if something should happen to you. Estate Planning Tips and Suggestions for Single Parents in 2020 It...

Q: How does The SECURE Act impact common estate planning practices? A new law was signed in December 2019 that made significant changes in the rules regarding both individual and employer-sponsored retirement plans. When the calendar flipped on January 1, 2020, the SECURE Act—and its perks for retirement plans-- went into effect. But unfortunately, an...

Q: What information will my estate planning lawyer need? New York and New Jersey estate planning attorneys know that one of the biggest reasons people put off having a comprehensive estate plan created is that they are afraid to face their own mortality. Nobody wants to talk about death, but having an estate plan is...

Q: What is the spouse’s Right of Election? New York and New Jersey estate planning attorneys are watching with interest as details of the estate plan of Cars front man, Ric Ocasek, come to light. Ocasek was discovered dead in his bed on September 15, 2019 by his wife of 28 years, former supermodel, Paulina...

Q: How do I know if I need to update my estate plan? As a new year-- and a new decade--recently began, many people made New Year’s resolutions to improve their lives. Quitting unhealthy habits like smoking, or adopting healthy habits like eating well and exercising are common resolutions--but they require a long-term commitment and...