November is National Alzheimer’s Disease Awareness Month, bringing attention to a disease that one in eight people age 65 and older have. This number is set to increase as the population ages. The disease destroys brain cells, making it impossible for those who have been diagnosed Continue reading
As a society, we’re living longer and passing on more wealth to our children. Here in the Chemung County, NY area including Elmira, Painted Post and Corning the need for estate planning is greater than ever before. It’s important that you have an attorney who can help you plan your Continue reading
Have you ever wondered what will happen to your estate after you die? If so, then this blog post is for you. Many people put off creating a will or a living trust because they don’t want to think about their own death. The majority of Americans die without a plan and that can complicate Continue reading
When making any important decision, it is wise to weigh the pros and cons of all available options. For Medicare, that means comparing Medicare Advantage with “Original Medicare”.
Medicare Advantage, or Medicare Part C, is an alternative to Original Medicare, which is the traditional Continue reading
Recently, the federal estate tax has been popping up in headlines. While not usually subject to such buzz, the federal estate tax can have important implications for many Americans. Did you know that there are proposed changes that would significantly reduce the federal estate Continue reading
Did you know that, on June 13, 2021, the New York Statutory Short Form Power of Attorney (POA) goes into effect? The new law brings significant changes to New York’s requirements for how to validly execute a POA as well as to the POA form itself.
While a POA validly executed prior Continue reading
Are you a single parent? If so, estate planning may be twice as important as it is for married couples. You want to make sure that your child will be cared for no matter what. You also want to make sure that your child will be cared for no matter where you live, but this is especially Continue reading
Are you concerned about the buzz surrounding potential estate tax changes? The good news may be that the federal estate tax is unlikely to impact the majority of Americans, even if the exclusion is slightly reduced from its current floor of $11.7 million per individual or $23.4 Continue reading
Are you considering selling your home? If so, it can be important to understand the home sale tax exclusion so you can take steps to help make sure you qualify for the tax benefit, even if it means adjusting your plans by a few months. The amount of the exclusion differs if you Continue reading