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Many aging New Yorkers may not realize the financial eligibility for Institutional Medicaid is not evaluated only at the time of the application. Instead, it requires a look-back on all assets for 60 months. Without proper planning, many people may have too many...

Elderly residents living alone with poor health conditions face higher risks of abuse. According to a Cornell University study, greater than one out of 10 of New York state's older residents may experience mistreatment over the next 10 years. Researchers also noted...

You have a few options when choosing a power of attorney. You can choose a financial power of attorney if you want someone to handle your taxes, debts and bills near the end of your life. You can also choose a medical power of attorney if you want someone else to be...

Without a valid will, also referred to as dying “intestate,” the deceased's real estate may end up transferring to the State of New York. If an individual dies intestate and has no surviving family members, the Empire State may end up owning his or her property, as...

Reproductive technology has come a long way. The things doctors are able to do are simply amazing. One of those things is to take genetic material from parents and create children outside of the body. This opens the door for some tricky situations after one of those...

A spendthrift trust includes specific provisions regarding how a trustee may use its funds on behalf of the named beneficiaries. As noted by SmartAsset, the trustee may exercise broad discretion to spend money on an heir's expenses so that he or she can maintain a...

Knowing that you have planned your end-of-life affairs can remove some of the angst of growing older. Naming beneficiaries and having the peace of mind that those you care about will receive your assets can provide satisfaction and comfort. Despite your best efforts,...

When a loved one dies, not only do you have to process the grief, you need to process through their estate. This is often an emotional episode in your life and the lives of the loved one's other decedents. Whether you have a will or not in the aftermath of all that,...

Your children may need to lean on one another more than ever once you are gone, but if you are not careful, you run the risk of your New York estate plan – or lack thereof – creating conflicts among your kids. Inheritance battles are often expensive and...

Estate planning helps you to ensure your loved ones have everything they need after your death, but inheritance disputes can tie up assets for years and break families apart. To reduce the likelihood of such disputes, consider these tips while making end-of-life...