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Business owners spend years building their companies, but too often they fail to plan for what happens when they are no longer able to run the business.

Retirement accounts come in different shapes and sizes. Estate planning for retirement accounts varies depending on the type of account. The most common kinds of retirement accounts include 401(k)s, pensions, and Individual Retirement Accounts, or “IRAs.” 

The "Pied-à-Terre Tax" is also known as the "Non-Primary Residence Property Surcharge." It is an annual tax imposed by the New York City Department of Finance on secondary residential properties, or a property within the five boroughs which is not a primary residence.

My husband Michael is not here, but forty-six years ago today we were married and began a life together. That life happened. That love happened. It was not always easy.

Ideally, estate planning is completed before a health crisis or dementia diagnosis. But a diagnosis doesn't necessarily mean it's too late. If a loved one has recently been diagnosed, it's important to find out what can still be done before those options become more limited.

In New York, a proposed fiduciary may apply for Preliminary Letters, which allow them preliminary authority to make decisions on behalf of an estate. 

When a recipient of homecare or nursing home Medicaid passes away, a state agency will send a letter to the recipient’s estate with the value of the services it rendered for the last ten years preceding the recipient’s death. However, recovery only applies to recipients who were aged fifty-five or older.

Many families assume that if an older adult's monthly income exceeds Medicaid's income limit, they are automatically disqualified from receiving Medicaid home care. In reality, that is one of the most common misconceptions in elder law.

In a landscape that is increasingly shifting “online,” non-tangible and virtual assets have become a meaningful and integral part of everyday life. If you are the executor of an estate, you should not be quick to overlook these.

As home prices continue to rise, many parents are helping their adult children purchase their first homes. Many parents do not realize that this type of financial assistance can have estate planning implications.