Year: 2018
Myths are spread from person to person and by the Internet. Correcting the myths isn’t an easy task. The world of the will and the trust has created some basic estate planning myths through the years. However, they can be corrected, according to TC Palm in “Common misconceptions about wills and trusts.” These myths include: […]
Individual circumstances determine the best type of trust for you. Much of the confusion over trusts is a result of some impressive sounding names that do not actually describe what the trust accomplishes. Therefore, deciding on which type of trust is the best one by name is not the right way to think about trusts. […]
You have been making plans your entire life and it is likely there are a few more during retirement. Americans have generally been making plans their entire lives and those in retirement need to make plans, even though those plans are some of the least comfortable plans for people at any age to make. They […]
People do inherit from a long, lost relative. However, it isn’t all that often. If you should inherit money from a long, lost relative, someone administering the estate will contact heirs and let you know. This usually comes as a very welcome surprise for the heirs. However, this rare occurrence is also the subject of a […]
Attorney Michael J. Amoruso was honored with the Section Award for his efforts in furtherance of the rights of the Elderly and Persons with Disabilities at the opening session of the New York State Bar Association Elder Law & Special Needs Section 2018 Annual Meeting in NYC. As he accepted the award, Michael urged his fellow […]
Knowing how to handle cryptocurrencies in estate planning can be a challenge. The very nature of how the increasingly popular cryptocurrencies are held by their owners creates issues in estate planning, according to the New Jersey Law Journal in “Estate Planning in the Age of Cryptocurrency.” Why is it a challenge? It is because proof […]
The use of of beneficiary designations is gaining in popularity. However, problems can develop. Beneficiary designation forms can be an easy way to quickly distribute many financial assets to heirs. However, complications may lurk behind the apparent simplicity, according to Wealth Management in “Designating a Beneficiary — Not as Easy as it Looks.” The problem is that […]
If it is not updated, your plan may well become a bad plan. It doesn’t matter if it is life or your business that changes when it comes to estate planning. When key parts of your life change, the estate plan needs a fresh look, according to the Herald News in “Revisiting Your Plan.” Like […]
You have your own ideas on what should happen if you are incapacitated. However, your loved ones could have other ideas. What happens if you do not have a Health Care Proxy? For example, if you are in an accident and decisions need to be made about your medical care, your family might not have a […]
Life can get in the way of an estate plan if changes are not taken into consideration. Basic and all too frequent problems can arise if people do not match the changes in their lives to their estate plans, according to the Wicked Local Dedham in “Five things that can derail your estate plan.” Typical […]
