Elder abuse is hardly a new problem; however, as the population of older Americans continues to increase at a historical rate, more people are aware of the severity of the elder abuse problem. Knowing how often instances of elder abuse occur, you undoubtedly worry that an older loved one will become the victim of elder abuse. The best way to prevent that from happening is to educate yourself and remain vigilant. Toward that end, the Long Island attorneys at Eghrari Law Firm explain what elder …
Estate Planning and Taxes for New York Residents
The ability to direct the distribution of your estate assets after you are gone may be the primary impetus for the creation of your estate plan, that plan can accomplish much more than just acting as a roadmap during probate. For example, your estate plan can help protect your assets while you are alive as well as prevent the loss of assets to state and/or federal taxes after your death. Toward that end, the Long Island attorneys at Eghrari Law Firm discuss estate planning and taxes for New York …
Does My College Student Need an Estate Plan?
If you have a child that is headed for college next year or who is already in college, you have undoubtedly gone through several important changes as your child turns into an adult. One thing that may not have occurred to you with all the other changes is the need for your now adult child to create a basic estate plan. To help get you and your child started, the Long Island attorneys at Eghrari Law Firm explain why your college student should have a basic estate plan in place. Your Child Is …
What You Can Do to Celebrate National Family Caregiver Month
November is celebrated as National Family Caregiver (NCGM) each year in the United States. With over 50 million people providing unpaid care to a family member or loved one in the U.S., these selfless heroes deserve to be honored. With that in mind, the Long Island attorneys at Eghrari Law Firm offer suggestions for ways you can celebrate National Family Caregiver Month this year. The Life of a Caregiver Providing unpaid care to a loved one undeniably takes a toll on a caregiver. According …
You Have Rights When Planning a Funeral
When a loved one passes away, one of the most difficult things survivors must do is plan the funeral and service. It can be both financially and emotionally exhausting. Unfortunately, those in the funeral business sometimes take advantage of that grief and oversell or upcharge surviving loved ones for funeral services and burial items. What many people do not know is that you have rights when planning a funeral. To help ensure that you do not fall victim to those who would take advantage of your …
Social Security Benefits Based on Your Spouse’s Work History
Many retirees depend on the financial benefits they receive each month from the Social Security retirement system. What happens, however, if you were a stay-at-home parent for your entire life? Are you entitled to Social Security retirement benefits? The Long Island attorneys at Eghrari Law Firm explain when you are entitled to Social Security benefits based on your spouse’s work history. Work Credits in the Social Security System During your working years, you accumulate credits that are …
Estate Planning Documents That Retirees Need – And Most Do Not Have
Having a comprehensive estate plan in place is beneficial to every adult at every stage of life. Being prepared when you head into your retirement years, however, is especially important for several reasons. Unfortunately, a surprising number of retirees are not prepared, according to a recent survey. To help ensure that you are prepared, the Long Island attorneys at Eghrari Law Firm discuss common estate planning documents that all retirees should have in place. Survey Shows that Retirees …
Should I Include a Memorandum of Intent with My Special Needs Trust?
Raising children is neither easy nor inexpensive. When your child has special needs, raising that child can be more difficult and more expensive, but can also bring even more joy and happiness to you and your family. Protecting and providing for your child with special needs is likely to be important to you long after your child becomes a legal adult. To accomplish these goals, you need a comprehensive estate plan in place that includes a special needs planning component. That component will …
Proving Lack of Testamentary Capacity in a New York Will Contest
The death of a loved one is typically followed by a period of grief and heightened emotions. It is during this time that the legal process of probating the decedent’s estate gets underway. One function of probate is to authenticate the Last Will and Testament filed with the court if a Will was located. As such, any challenges to the Will’s validity are raised and litigated during this time frame. For anyone contemplating a Will challenge, the Long Island attorneys at Eghrari Law Firm discuss …
How to Handle the Black Sheep Beneficiary in Your Estate Plan
It seems as though every family has a “black sheep.” That one person who does their one thing and doesn’t seem to adhere to the same beliefs or lifestyle as other family members. Sometimes this individual has a mental health issue or addiction; however, it may also simply be that your family’s black sheep walks to the beat of a different drummer. Regardless of the reason, figuring out how to handle the proverbial “black sheep” in your estate plan can be difficult. To help get you started, the …
What Is a New York Durable Power of Attorney?
Many estate planning tools and terminology are foreign to the average person. There is one estate planning tool, however, that most people are familiar with – a Power of Attorney. You may already have a Power of Attorney in place, or you may be named as an Agent in a Power of Attorney (POA) executed by someone else. Either way, you likely have some idea what can be accomplished with a POA. You may not, however, know what a durable POA is. To shed some light on the subject, the Long Island …
How to Incorporate Tax Avoidance Strategies into Your New York Estate Plan
A successful estate plan is able to merge numerous estate planning goals into one comprehensive plan. For many people, tax avoidance is one of those goals given that a substantial portion of the value of an estate can be lost to state and/or federal tax obligations in the absence of proper planning. With that in mind, the Long Island attorneys at Eghrari Law Firm offer some guidance on how to incorporate tax avoidance strategies into your New York estate plan. Federal Gift and Estate …
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