Estate Planning and ElderLaw Center for Life Care Planning
Main office located in Woodbury, NY
Give Us A Call | 516-340-9488
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While many New Yorkers may have realized the importance of having an estate plan in place in the last year, few may have acted on their impulse to plan for the future. This is because there are some common misconceptions about estate planning: Estate planning is too...
Many Woodbury area residents have taken the time to set up an estate plan. Estate planning is important in order for a person to preserve their wealth and transfer it to the next generation. When a person makes an estate plan, they name an executor who has several...
Those of significant wealth in New York may be concerned that their estate will be subject to the federal estate tax upon their death. Currently, in 2021, if your estate is $11.7 million for a single taxpayer or double that for married couples who file jointly, your...
When a person has a physical or mental disability and lacks the capacity to manage his or her own financial matters, it may be necessary to create a special needs trust. A special needs trust is managed by a trustee. The person for whom the trust is managed is called...
When it comes to estate planning, parents of children with special needs have added concerns. They understand the likelihood of their children outliving them. However, such parents want to make sure that their special needs children – who are not independent in many...
Many Woodbury area residents have had to make the difficult decision to place their loved one in a nursing home. There comes a time when an older person is no longer safely able to take care of themselves and nursing homes offer the level of care that they need. But a...
New Yorkers who are thinking about the possibility of being incapable of making their own health care decisions should be aware of the steps they need to take to have a health care proxy. Anyone who is legally considered an adult – 18-years-old or older – can have a...
We established this blog to share stories and information about topics relevant to our practice. Our intent is to regularly provide posts highlighting legal issues of local, state and national interest that we think you will find interesting. Check back later for...
As our parents age, most people become more concerned about their well-being and their financial affairs. This is understandable, especially given the fact that a lot of individuals put off any sort of estate planning or other elder care planning until it’s too late....
Wills and trusts are estate planning tools that can help ensure your hard-earned assets are protected during your lifetime and transferred to your designated heirs after you die. If you die without a will, called intestate, the state oversees how your assets are...