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Amoruso & Amoruso
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Once you take the first couple of steps, it often becomes an easy process. You may only need a few documents to get your estate plan underway but people often delay because of the concern of complications, according to Forbes in "More Than Half of Americans Don't Have These Essential... Continue reading
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Information and education can go a long way in helping your children to use an inheritance wisely. Mistakes can be made by children who inherit money but lack the information on how to deal with it maturely and wisely, according to Nasdaq in "5 Things Your Kids Should Know Before... Continue reading
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Stepmothers take one of the top spots in wars over estates. However, they may not be at fault. Stepmothers are present in many of the battles launched over estates, according to Forbes in "Stepmothers: The Cause Of So Many Estate Fights." The problem is not really stepmothers. When family members... Continue reading
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Funeral home director says it is standard practice to protect coffin from the cold. A family in Australia is suing a funeral home for swapping coffins from an expensive model to a less expensive one prior to transfer to a crematorium, according to Fox News in "Funeral Home swapped $1,700... Continue reading
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Changes may create decrease in donations. Some of the changes in the new tax laws may mean that 21 million people will no longer take a charitable deduction on their taxes, according to Forbes in "21 Million Taxpayers Will Stop Taking Charitable Deductions Under the New Tax Law." The primary... Continue reading
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Significant changes mean it is a good time to meet with your attorney to consider revising estate plans. The tax changes recently signed into law create a need to go to an estate planning attorney to make sure your estate plan is still optimal for you and your family. Forbes... Continue reading
Posted Feb 13, 2018 at New York Estate Planning & Elder Law
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It is important to plan ahead in case you are one of the people who will suffer from Alzheimer's disease. Alzheimer’s disease is a scary proposition and something everyone should consider as a possibility in their future, according to the Times Herald-Record in "Disability planning is vital in case of... Continue reading
Posted Feb 12, 2018 at New York Estate Planning & Elder Law
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You need to make the decision to create an estate plan and then you need to gather facts. In order to create an estate plan, there are certain steps you need to take in order to organize your affairs, according to The Daily Courier in "I'm dead. Now What?" These... Continue reading
Posted Feb 9, 2018 at New York Estate Planning & Elder Law
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Two institutions fought over rights to his journals, notes and letters. After a heated dispute, the Ransom Center matched Yale University’s $2.7 million offer to archive Arthur Miller’s work, according to The New York Times in "Inside the Battle for Arthur Miller's Archive." Miller, who died in 2003, had a... Continue reading
Posted Feb 8, 2018 at New York Estate Planning & Elder Law
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You can go to North Korea. However, the State Department has some advice. The State Department has recommended that American citizens get a will, make funeral plans and get a power of attorney before visiting North Korea, according to Fox News in "Visiting North Korea? Draft a will and make... Continue reading
Posted Feb 7, 2018 at New York Estate Planning & Elder Law
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Perhaps this is the year that you will make those plans. A good New Year’s resolution might be to finally get an estate plan, according to the Virginian-Pilot in "Make estate planning a priority this year." Many Americans have a tendency to put off planning for their estates. They believe... Continue reading
Posted Feb 6, 2018 at New York Estate Planning & Elder Law
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As the elderly population grows, so does the number of scammers targeting them. There are all sorts of scams that target the elderly, ranging from large ones meant to make millions to very small scams meant to cheat an elderly person out of a few hundred dollars. If you know... Continue reading
Posted Feb 5, 2018 at New York Estate Planning & Elder Law
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What should be done ahead of time, if family members do not get along? The issue of blended families and dealing with trust issues while estate planning, was recently discussed in a Market Watch advice column titled "My mother-in-law is deceitful -- can we stop her from stealing my wife's... Continue reading
Posted Feb 2, 2018 at New York Estate Planning & Elder Law
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What is best for your estate plan under the current political climate? A good estate plan does not work in a vacuum, but avoids generalizations about tax laws and creates a unique plan that will work for your family. The recently passed tax law creates a challenge, according to Financial... Continue reading
Posted Feb 1, 2018 at New York Estate Planning & Elder Law
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Even if your estate is small, you should consider a living trust. The probate process is very different, depending on your state of residency. That should be considered when creating an estate plan, according to the Los Angeles Times in "Why setting up a living trust may be wise, especially... Continue reading
Posted Jan 31, 2018 at New York Estate Planning & Elder Law
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Just what does an estate plan give you and your family? Many people do not think carefully about the laws of intestate succession and how their assets would be distributed, so an estate plan can be really beneficial, according to an Investopedia article in "Leaving a Legacy: Why You Need... Continue reading
Posted Jan 30, 2018 at New York Estate Planning & Elder Law
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Without guidelines, the responsibilities of maintaining property by a life tenant can grow into big problems. Giving a person life tenant rights can be a good way to avoid some family conflicts and make sure that property stays in the family. However, it can also create different conflicts, according to... Continue reading
Posted Jan 29, 2018 at New York Estate Planning & Elder Law
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Challenging a will may be easy. However, winning the suit isn’t. When a will is written that results in granting what someone wants other than the testator, it is known as "undue influence," according to My Prime Time News in "Undue Influence." Undue influence can happen when someone who benefits... Continue reading
Posted Jan 26, 2018 at New York Estate Planning & Elder Law
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Las Vegas killer leaves large estate, but fair compensation for the victims will be a challenge. Despite a hefty estate of $5 million left behind, it will be difficult to compensate the victims of Las Vegas mass shooter Stephen Paddock, according to The New York Times in "The Las Vegas... Continue reading
Posted Jan 25, 2018 at New York Estate Planning & Elder Law
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As the cost for caring for the elderly increases, the amount of inheritance decreases. In wealthy countries, the idea of leaving an inheritance is in jeopardy and may become a distant memory for middle class families, according to the Financial Times in "Opinion Today: The end of inheritance." Receiving even... Continue reading
Posted Jan 24, 2018 at New York Estate Planning & Elder Law
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Pensions used to be a main portion of the American benefits package, but times have changed. Many companies in the U.S. did away with pension plans for their employees in the 1970s and switched to 401(k) plans, according to the Washington Post in "'I hope I can quit working in... Continue reading
Posted Jan 23, 2018 at New York Estate Planning & Elder Law
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It is a good idea to find out how a power of attorney will fit your unique circumstances. Powers of attorney can be easily obtained online. However, some of the issues they create can be masked, according to MD Magazine in "Five Questions to Ask About Your Financial POA." The... Continue reading
Posted Jan 22, 2018 at New York Estate Planning & Elder Law
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The new tax law has enough big changes that you need to review your estate plan to make sure that you are taking advantage of the best options in the new environment. It is a good idea to review your estate plan with sufficient frequency to make sure it still... Continue reading
Posted Jan 19, 2018 at New York Estate Planning & Elder Law
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A Tennessee woman has given birth to a baby, after the successful implantation of an embryo that was frozen 24 years ago. The medical world is making advances in many fields, including all kinds of technologically enhanced pregnancy and birthing methods. Eggs, sperm and embryos can all be frozen today... Continue reading
Posted Jan 18, 2018 at New York Estate Planning & Elder Law
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A new survey reveals that Americans view nursing homes so negatively, that the majority prefer death to living in one. Nursing homes do not have a good reputation in the United States. The common perception of them is as cold, uncaring places where people go to pass away, isolated and... Continue reading
Posted Jan 17, 2018 at New York Estate Planning & Elder Law