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Amoruso & Amoruso
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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 9 hours ago 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
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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
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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
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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
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
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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
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Saving over time is a good way to create security. National 401(k) Day and Grandparent’s Day in September were special days to teach grandchildren about saving, but every day presents some kind of teachable moment, according to the Tuscon.com in “Retirement Planning: A 401(k) Day message.” One point you should... Continue reading
Posted Oct 19, 2018 at New York Estate Planning & Elder Law
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Do you have digital assets but aren’t sure if you should do something to protect them? Even though your digital assets may not seem important, it is best to give them special consideration and include them in your estate plan, according to The St. Louis American in “Have you done... Continue reading
Posted Oct 18, 2018 at New York Estate Planning & Elder Law
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Meryl Streep had little time to prepare for her role, but gave a truly fine performance. Nora Ephron, author of many fine films, turned out to be an expert when it came to planning her “exit” with detail, according to Next Avenue in “What Nora Ephron Can Teach Us About... Continue reading
Posted Oct 17, 2018 at New York Estate Planning & Elder Law
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You cannot control the action of an adult child, but you can prepare for it. No matter how close family members may be, they do not always agree with your viewpoints and that can create some real problems in later years. However, those problems can be avoided, according to “Aging... Continue reading
Posted Oct 16, 2018 at New York Estate Planning & Elder Law
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It can be the best of times and it can be the worst of times. When the kids head off to college, you will find that the move will have an impact on your finances and how you handle those changes may well have an impact on your future, according... Continue reading
Posted Oct 15, 2018 at New York Estate Planning & Elder Law
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You cannot control the action of an adult child, but you can prepare for it. No matter how close family members may be, they do not always agree with your viewpoints and that can create some real problems in later years. However, those problems can be avoided, according to “Aging... Continue reading
Posted Oct 12, 2018 at New York Estate Planning & Elder Law
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The settling of the pop artist’s $60 million estate is likely to take years. Attorneys for artist Robert Indiana’s estate have a lot of questions for people close to the artist about the handling of his assets. That is expected to take a long time to get squared away, according... Continue reading
Posted Oct 12, 2018 at New York Estate Planning & Elder Law
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Many men hesitate, when it comes to creating an estate plan. It is difficult for many people in America to begin the process of creating an estate plan. However, included in the list of those who procrastinate, are fathers who fail to set up a plan, in the event they... Continue reading
Posted Oct 11, 2018 at New York Estate Planning & Elder Law
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It can be expensive for you and you might want to talk to other family members about the finances. The primary caregiver for an elderly family member needs to go into the position knowing it will be costly to them as well, according to The Motley Fool in “The High... Continue reading
Posted Oct 10, 2018 at New York Estate Planning & Elder Law
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You need a Health Care Proxy, if you are an adult. It doesn’t matter what stage of life you are in. If you are an adult, you always should have a Power of Attorney, according to Benefits Pro in “Designating powers of attorney: Selection, documentation, and communication best practices.” The... Continue reading
Posted Oct 9, 2018 at New York Estate Planning & Elder Law