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Amoruso & Amoruso
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“Many Americans confess that they are confused when faced with the myriad Medicare choices available to them. Others are simply not planning, nor saving enough to meet the challenge of health care costs in old age. In response, a whole new industry has sprung up nationwide.” A recent iberkshires.com post,... Continue reading
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Staying where you are comfortable and having family and friends nearby can be an excellent retirement plan. If you are considering remaining in your home when you retire, it might be a good idea to look at your home from a different point of view, according to The New York... Continue reading
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A few hours of walking each week may increase brain activity. A recent study shows there is help for people who are in the early stages of vascular dementia, according to The New York Times in "A 1-Hour Walk, 3 Times a Week, Has Benefits for Dementia." A six-month study... Continue reading
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It might be a good idea to take a look at the estate plan, rather than just takes someone’s word for it. Darryl White, the son of entertainer Barry White who passed away in 2003, has filed a suit against the estate and is demanding to see the will to... Continue reading
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An estate can become complex when a person passes away and leaves debt. Most people have not gotten rid of their debt entirely when they pass away, according to Market Watch in "What happens to your debt when you die?" Approximately 73% of people in the U.S. pass away while... Continue reading
Thicke’s sons and their stepmother square off over correct distribution of estate. It is not unusual for children and their stepmother to get into arguments when settling an estate, but it is unusual to bring the threat of revealing information to tabloids, according to TMZ in "Alan Thicke Sons Go... Continue reading
Posted Jun 16, 2017 at New York Estate Planning & Elder Law
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Patients getting back their memories is a challenge. Technology may be able to help patients with Alzheimer’s and other forms of dementia recover some of their memories, according to the Daily Mail in "Touching moment a virtual reality headset helps elderly people with dementia recall previous memories." A virtual reality... Continue reading
Posted Jun 15, 2017 at New York Estate Planning & Elder Law
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Giving to charity is often more complicated than writing a check for a donation. While you can create a charitable legacy through several different methods, donor advised funds are gaining in popularity as a good way to do so, according to the Wills, Trusts & Estates Prof Blog in "The... Continue reading
Posted Jun 14, 2017 at New York Estate Planning & Elder Law
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The uncertainty of tax reform can make it challenging to plan. The uncertainty of proposed tax reforms moving through the Congress makes the possibility of a spousal lifetime asset trust into an attractive option, according to Wealth Management in "SLATs Provide Flexible Plans for Many Clients." Like any other trust,... Continue reading
Posted Jun 13, 2017 at New York Estate Planning & Elder Law
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If you leave them a large inheritance, can they handle it? The goal of determining the correct amount of an inheritance that will help your children, yet not hinder them in creating their own careers, is a challenge, according to the Wills, Trusts & Estates Prof Blog in "New Focus... Continue reading
Posted Jun 12, 2017 at New York Estate Planning & Elder Law
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It is difficult for the legal system and people to keep up with the rapidly changing world of technology. The legal system has not been able to keep up with the fast-paced world of technology, according to Investment News in "Most estate plans aren't dealing with digital assets properly." Many... Continue reading
Posted Jun 9, 2017 at New York Estate Planning & Elder Law
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It appears that the way Americans want to pass away is rarely what actually happens. The training of medical professionals may result in different goals for them than those of their patient, according to The New York Times reports in "We're Bad at Death. Can We Talk?" When we get... Continue reading
Posted Jun 8, 2017 at New York Estate Planning & Elder Law
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Former executive alleges that insurance companies are overcharging Medicare. A whistle-blower has charged that insurers have used the Medicare Advantage program to make billions of dollars to which they were not entitled, according to The New York Times in "A Whistle-Blower Tells of Health Insurers Bilking Medicare." The federal government... Continue reading
Posted Jun 7, 2017 at New York Estate Planning & Elder Law
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If you are considering an estate plan, you need to take a close look at a trust. Trusts are not always better than wills. However, there are at least five scenarios that put trusts out front, according to Wicked Local Norwood in "Five Ways in which a trust is better... Continue reading
Posted Jun 6, 2017 at New York Estate Planning & Elder Law
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The agency tried once before and that attempt didn’t work out so well. The Social Security Administration is planning to try again to make its online accounts more secure by modifying its earlier attempt, according to Investment News in "Social Security Administration steps up online security." Online information is easy... Continue reading
Posted Jun 5, 2017 at New York Estate Planning & Elder Law
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Most would prefer to pass away in their homes, but most pass away in a facility. We have made many medical advancements in the last century, so we don’t die as young as we used to or from many diseases that no longer exist. However, most people would still rather... Continue reading
Posted Jun 2, 2017 at New York Estate Planning & Elder Law
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It is easy and simple to treat your children equally in an estate plan, but that may not be fair. It can be a difficult task in estate planning to figure out how to divide an estate unequally but fairly between children, according to the Wills, Trusts & Estates Prof... Continue reading
Posted Jun 1, 2017 at New York Estate Planning & Elder Law
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Proposal to end estate tax creates questions and not that many answers. The end of the estate tax has been proposed but that does not mean that is the end of the estate tax, according to Investment News in "Trump tax proposal leaves advisers in the dark on estate tax... Continue reading
Posted May 31, 2017 at New York Estate Planning & Elder Law
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More than half of the states in the U.S. have laws requiring adult children to provide care and support for elderly parents. Laws have been passed in 28 states that require adult children to provide financial support for their elderly parents, if the parents are unable to pay their own... Continue reading
Posted May 30, 2017 at New York Estate Planning & Elder Law
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Many elder Americans prefer to just live together, rather than deal with some issues. Today, rather than getting married, many elderly people are just moving in together and foregoing a marriage certificate, according to The New York Times in "More Older Couples Are 'Shacking Up'." Getting remarried later in life... Continue reading
Posted May 29, 2017 at New York Estate Planning & Elder Law
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The long-awaited tax plan of President Trump is released and, if approved, will have a huge impact. The White House has released the Trump administration’s tax plan and it does include the elimination of the estate tax, according to The New York Times in "White House Proposes Slashing Tax Rates,... Continue reading
Posted May 26, 2017 at New York Estate Planning & Elder Law
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Daughter sues her mother for wasting $13 million of inheritance. A trust set up for a young girl was originally overseen by Citibank. However, in 2003 the mother took over the trust creating a battle in the future, according to the Daily Mail in "Daughter sues her 'self-involved' mother for... Continue reading
Posted May 25, 2017 at New York Estate Planning & Elder Law
This TV doctor is brilliant, but also kills people in the off hours through physician-assisted suicide. In a TV show that is imported from Canada, a brilliant doctor is killing people by performing physician-assisted suicide, according to The New York Times review "Review: 'Mary Kills People,' but It's for a... Continue reading
Posted May 24, 2017 at New York Estate Planning & Elder Law
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There are some basic estate planning mistakes. Some of them are revealed in a podcast. John B. made some basic estate planning mistakes in a podcast, according to a Wills, Trusts & Estates Prof Blog discussion in "Estate Planning Lessons from John B." Millions of people tuned in to hear... Continue reading
Posted May 23, 2017 at New York Estate Planning & Elder Law
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Estate planning remains important, even if the estate tax goes away. The elimination of the estate tax is included in the Trump administration’s tax plan proposal. However, the path forward is not simple, according to Financial Advisor in "Estate Planning: It's Not Over." Even though a big part of modern... Continue reading
Posted May 22, 2017 at New York Estate Planning & Elder Law