Top Ten Reasons to have a Will
While none of us like to contemplate our mortality, it is vital to plan for what happens to your assets when you pass away. Not only does a will allow you to distribute your assets according to your wishes, it can legally protect your family and save your family time and money. Here are the…Read more
New York’s Recent Estate Tax Law Changes – What is Estate Tax Anyway?
You may have heard that New Yorkers may be subject to an estate tax depending on the value of their estate when they die. You may also have heard some buzz about recent changes to New York’s estate tax law that sounds favorable to New Yorkers…favorable meaning less tax owed. What is an estate tax?…Read more
Top Ten Misconceptions Regarding Planning for the Payment of Long Term Care-Part 2
Part two of this article discusses the last five of 10 common misconceptions relating to planning for the payment of long term care. Misconception #6. The best way to protect my home in the event of a long term stay in a nursing home is to transfer the house to my children, and retain life…Read more
Top Ten Misconceptions Regarding Planning for the Payment of Long Term Care-Part 1
The following are the first five of 10 common misconceptions relating to planning for the payment of long term care. Misconception #1: Medicare or other health insurance will cover the cost of long term care, either at home or in a nursing home. Traditional health insurance does not cover the cost of care in a…Read more