Author name: Gerov Media

Determining Your Goals And Priorities 1. Tax savings – Estate planning allows you to establish order of priority and plan according to your specific needs, allowing for tax savings on estate taxes, gift taxes, capital gains. trusts can be an effective tool in saving even more while ensuring control over the money through your passing or […]

This letter is an informal document that should be part of any parents’ New York estate plan who have children with special needs. It is a detailed account of your child’s medical, educational, social, and behavioral requirements. What does a New York Letter of Intent Address in Your Estate Plan? A letter of intent gives

With the right precautions, you can safeguard your real estate investments from costly legal outcomes. Learn how to protect yourself and keep control of your assets by exploring our top strategies for managing potential court rulings. Liability in Real Estate: Understanding the Risks Real estate investments can leave you open to potential legal issues. As

Parents of children with mental/physical disabilities and elderly people can benefit from the use of third-party special needs trusts or supplemental needs trusts as estate planning tools. This type of trust will receive assets from you or another benefactor expressly for that person with a disability. Goals include: leaving funds for your child’s or elderly family member’s benefit

Oftentimes, people who believe that they are contributing to charity to help those less fortunate are being exploited by scammers. Auto call lists that easily identify older victims and the ubiquitous online world of emails, fake mirror websites, disingenuous GoFundMe pages, and even postal mail scams can overwhelm an older adult trying to figure out what

It is quite common for people to get married a second time. However, the complexities of financial and estate planning that arise from getting remarried can be challenging. Take note of these key considerations for financial, legal, and estate planning Expenses and ownership in remarriage: In many instances, when a couple decides to remarry, they might

Family members often end up arguing over mom or dad’s favorite items when that parent dies. Arguments can take place over things like a coffee mug, a piece of jewelry or a painting. These types of arguments can be eliminated by filling out a personal property memorandum and keeping it with your will or trust.

Step 1 – Make A Record Of Your Emergency Information Keeping your important information organized and accessible is essential for moments of crisis. Documenting digital assets, bank accounts, storage rentals, contacts to legal/financial representatives can be a lifesaver during difficult times – removing extra stressors from the shoulders of those you love when they need

An elder law attorney can help you plan for the future, whether you have an older adult loved one or are concerned about your own financial health and well-being. Elder law is a highly specialized area of law focusing on the legal needs of older adults encompassing more significant issues like long-term health care needs,