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Amoruso & Amoruso
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What might happen if you have the talent for success but not the talent for business? As can often be the case, many extremely talented people accumulate large estates and they often are not prepared to take on the task of organizing the transfer of assets, according to the Reno... Continue reading
Posted 19 hours ago at New York Estate Planning & Elder Law
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You may want access to some of your estate planning documents while traveling. Documents created in an estate plan such as a health care proxy, durable power of attorney and others all need to be kept in a safe place. However, it might also be a good idea to have... Continue reading
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Some issues are not easy to approach for discussion. However, they are necessary. With holidays upon us, it is perhaps a good time to have a conversation with your parents about long-term care and other aging issues, according to News3LV in “Tough talks over turkey: Is it time to have... Continue reading
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In today’s world it is not at all unusual to have a blended family. Blended families often face special challenges when it comes to estate planning. Those issues are best approached openly, according to JD Supra in “Seven Estate Planning Considerations For Blended Families.” Spouses can leave their assets separately... Continue reading
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Strong finances and a full social life can often be the keys to success. There can be happy retirements and there can be challenging and perhaps even unhappy retirements. However, the state of those years is often created long before retirement age arrives, according to U.S. News & World Report... Continue reading
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Many retirement strategies are often presented in Hollywood. Even though it is an unlikely source of planning for retirement, the movie industry often leads to the thought process about the later years of life, according to USA Today in “Hollywood can inspire you to save more in your 401(k) for... Continue reading
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There are ways to make both members of the couple knowledgeable about finances. There can be a high cost to the surviving member of a couple if the member who passed away was the person who handled all of the household finances, according to The Wall Street Journal in “When... Continue reading
Posted Dec 6, 2018 at New York Estate Planning & Elder Law
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Sometimes even having a will is not enough. Most people do not want their finances released to the public. However, if they are not careful with their estate plan, their financial world will become an open book, according to the Robb Report in “Rest in Wealth: The Ins and Outs... Continue reading
Posted Dec 5, 2018 at New York Estate Planning & Elder Law
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Consider your planned lifestyle before retiring, in order to choose the right location. As retirement approaches, many people need to decide between remaining in their home of many years, downsizing to a smaller location or moving to a retirement community. However, many myths about retirement communities exist as well as... Continue reading
Posted Dec 4, 2018 at New York Estate Planning & Elder Law
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Your family will most likely face some tough times, if you don’t make a plan. It doesn’t matter which generation you belong to, when it comes to estate planning. If you pass away without an estate plan, it is likely the people you love will face many trying days of... Continue reading
Posted Dec 3, 2018 at New York Estate Planning & Elder Law
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Planning for retirement may be a hard job. However, it can turn into some joyful years later in life. Planning for your retirement is not only a big job but a really important and serious job that can be used to create a pleasant and even youthful retirement that has... Continue reading
Posted Nov 16, 2018 at New York Estate Planning & Elder Law
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Need an executor for your estate? Don’t rush, think it through carefully and make the right choice. It would be wise to have a conversation with your heirs that you most likely do not want to have, and it would be best to have that conversation sooner rather than later.... Continue reading
Posted Nov 15, 2018 at New York Estate Planning & Elder Law
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Decide where you want to locate and then study the opportunities and drawbacks. So, you are retiring. Where do you want to live? What’s the attraction? What is the cost of living? Taxes? Medical facilities? The list is long but there are some factors to look into that can be... Continue reading
Posted Nov 14, 2018 at New York Estate Planning & Elder Law
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It is possible to keep your intellectual property private. If you have royalties, trademarks or digital assets that contribute to your revenue stream, you need to include them in your estate plan, according to the Times Herald-Record in “Include intellectual property and royalties in your estate plan.” Just as any... Continue reading
Posted Nov 13, 2018 at New York Estate Planning & Elder Law
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State laws oversee estates and those laws are rarely the same. Many people retire in the snowy north and head to the warm south for a few months each year. If that is your scenario, it would be wise to keep that estate plan current because state laws are not... Continue reading
Posted Nov 12, 2018 at New York Estate Planning & Elder Law
Planning for long-term care can give you peace of mind and protect loved ones from financial challenges. A recent study reveals that not even half of Americans 65 years of age or older have given much thought, if any, to the possibility of needing and planning for long-term care, according... Continue reading
Posted Nov 9, 2018 at New York Estate Planning & Elder Law
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You can have a firm grasp on your benefits. While you may think you understand Social Security benefits, don’t be surprised if you don’t know what you don’t know about them, according to The Motley Fool in “4 Signs You’re Thinking About Social Security Benefits the Wrong Way.” Here are... Continue reading
Posted Nov 8, 2018 at New York Estate Planning & Elder Law
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So, just what is going on with your life, the kids, your health, their health, their future plans? Don’t just ask for the proper documents to create an estate plan. Make sure that your attorney knows what is actually going on in your life, according to the Citizen Times in... Continue reading
Posted Nov 7, 2018 at New York Estate Planning & Elder Law
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It is important to understand the new tax laws and your opportunities. There has been considerable dialogue about the individual income tax rates in the new tax laws. However, there are also new opportunities for new tax-saving strategies, according to CNBC in “If you’re married and near retirement, consider this... Continue reading
Posted Nov 6, 2018 at New York Estate Planning & Elder Law
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The emotional support should be enough to get you started. Organizing your finances and creating an estate plan can be very simple. However, it is often avoided by many people, despite the peace of mind to you and your loved ones, according to The Brownsville Herald in “Additional Financial Protection... Continue reading
Posted Nov 5, 2018 at New York Estate Planning & Elder Law
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Estate planning is crucial for parents with children with special needs. Parents want to give support to their children to develop through the years and continue after the parents are gone. Parents with children with special needs have an even bigger challenge, according to the Austin American Statesman in “How... Continue reading
Posted Oct 26, 2018 at New York Estate Planning & Elder Law
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How do you help you and your family in the next phase of life? You’ve taken care of your children from their infancy through their college years. What more should you do for them? While you are planning for your later years, you can also make things easier for them,... Continue reading
Posted Oct 25, 2018 at New York Estate Planning & Elder Law
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Digital Files could remain forever, unless action is taken. The digital world has created many new issues which have an impact on almost everyone in today’s world. Unlike your other assets, digital isn’t a tangible item and could exist forever, according to the Press-Republican in “The great digital beyond.” Digital... Continue reading
Posted Oct 24, 2018 at New York Estate Planning & Elder Law
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Continue to support your family and reduce some stress. A legacy is the culmination of our lives stored in the hearts and memories of those we knew and loved. Much of your legacy is how you finish your final years and the support you give your family, according to The... Continue reading
Posted Oct 23, 2018 at New York Estate Planning & Elder Law
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Many Americans don’t know about them or fail to use them, despite the advantages. Even though health saving accounts (HSA) are an excellent retirement tool, many people still don’t know about them or take advantage of them, according to CBS Moneywatch in “Many savers missing out on the HSA’s benefits... Continue reading
Posted Oct 22, 2018 at New York Estate Planning & Elder Law