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For many of us, our homes are our most valuable asset. Therefore, when planning to protect your assets, there is often a question as to “how to protect” your home. As a general matter, the use of an Irrevocable Trust is often the more comprehensive option than […]

One common misconception is that a person going to a Nursing Home must give all their assets to the nursing home. In most cases, one can save all or at least a good portion of their assets with some planning, even if they are already going into […]

One of the most overlooked areas of estate planning occurs when a person owns a house and has children who live with them at the time of their death. If you have a child (or children) who live in your home with you, then you should carefully […]

While is important to have a Will and related Estate documents, it is equally important to review and update any existing Wills you may have to ensure that they correctly reflect your wishes. It is especially important to re-visit your Wills after certain life events occur either […]

If you own real property and are looking to transfer it to your children or if you inherited real property and want to sell it, then you should consider the tax consequences. The sale of real property is a taxable event that must be reported on the […]

A Will contest is a challenge brought by a decedent’s heirs to challenge the validity of their Last Will and Testament. In many states, including New York, any of the decedent’s heirs (next of kin) can bring a lawsuit to contest a Will. The only legal reasons […]

In this article, I will focus on Long Term Care Expenses and how they can bankrupt your life savings. Italian-Americans, like other groups, came to this country in search of the “American Dream” and worked hard to build homes for themselves and a legacy to pass to their […]

If you are the parent or grandparent of a person who is disabled, or simply wish to leave all or part of your estate to a person who is disabled, then you must carefully plan your estate to protect the person who is disabled and the inheritance. […]

In my last article I discussed the Court process known as Probate and its many pitfalls. In this article, I will focus on avoiding Probate if you own real estate. Your home is usually your most important and most valuable asset. Therefore, it is an asset that […]

In your Will, you will need to name a person or institution, called an executor, to manage your estate when you pass away. Choosing the right Executor is crucial to making sure your wishes are carried out. The choice is important because being a executor can be […]