Estate Planning for 21st Century Families: A Primer
As families continue to change and evolve, so do estate planning policies. In 2019, when we discuss estate planning, we must account for a broader definition of family than ever before. Here are several issues to look out for when planning for the future. Marriage: The first issue concerns...
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Top 5 Estate Planning Hacks for 2019
1. Most people in New York need not worry about federal or state estate tax. In 2019, the federal estate tax exemption is now $11.42MM per person. The New York State estate tax exemption is now $5.74MM per person. This means that if your total assets at death fall below these numbers, your...
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CryptoWills: What They Are and How They Work
More than 50% of the adults in the US do not have a Will. Most assume that that they do not have enough assets to bother with one, or that they will write one when they are older. Yet dying without a Will results is going to result in the person’s assets being...
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What to Know About Tax Implications of Buying, Owning, and Selling Cryptocurrency
Buying, owning and selling virtual currency is all subject to the IRS supervision and must be recorded and reported properly to avoid severe tax penalties. 1. Characteristics: Virtual currencies...
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Use free services to stay independent
There are plenty of free services available to seniors who want to remain living at home. Read this Guide from Harvard Medical School to find out if any of these resources can be helpful to you or your loved ones.
Medical Marijuana in New York
I just published a Guide to “Medical Marijuana for Seniors in New York”.Please feel free to download this guide and forward it to anyone who you think may benefit.There are a lot of misconceptions about permitted use and actual benefits of Medical Marijuana. This is a growing field, with...
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Regular Wills vs. Crypto Wills
Most people want to pass down their assets in accordance with their wishes, with minimal costs, minimal delays, and minimal strife amongst the heirs. Yet there are several problems with using traditional Wills to accomplish these goals. These problems include: not having one’s wishes honored because of losing one’s Will; or having your...
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5 Things to Do Immediately to Protect Your Digital Assets, Including Crypto-Currency
Once you stop to think about it, you might will realize you have more digital assets than physical ones. These include online banking and brokerage accounts (banking and brokerage), photo storage sites, social media accounts, and cryptocurrency. If you were to die tomorrow, does anyone have the right to possess these accounts? Will they...
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Is this the future of dementia care?
Read the article here
Psychiatric Advance Directives (PAD) – are they different from a regular health care proxy?
Every individual of adult years and sound mind has a right to choose what shall be done with his own body and to control the course of his medical treatment. Patient autonomy and self-determination are a firmly ensconced principle in New York State Law. But what happens with patients who have lost...
Psychiatric Advance Directives (PAD) – are they different from a regular health care proxy? Continue reading…