The “Power” of a Power of Attorney

The “Power” of a Power of Attorney

Powers of Attorney are not what comes to mind for most people when thinking about their estate plan. Nevertheless, properly drafted Powers of Attorney are as important to a powerful estate plan as a Last Will & Testament or a Trust Agreement. A Power of Attorney...
Medicaid Planning thru use of Irrevocable Trusts

Medicaid Planning thru use of Irrevocable Trusts

Did you know that even individuals with substantial estates living in New York or New Jersey may be eligible for government assistance, such as Medicaid, when they require long-term health care? By executing a Medicaid Asset Protection Trust (“MAPT”) and a...
Last Will and Testament

Last Will and Testament

‚ÄčLast Will & Testament The Last Will & Testament (“Will”) is the backbone of every effective estate plan. A Will forms the foundation of an estate plan and is the key instrument used to ensure that the estate is settled in the manner desired by the...
Health Care Proxy & Living Will

Health Care Proxy & Living Will

Health Care Proxy A Health Care Proxy, also called a Durable Power of Attorney for Health Care, allows you to designate a health care Agent to make decisions about your medical treatment if you are unable to communicate on your own behalf. The Agent’s legal duty...
THE FAMILY LIMITED PARTNERSHIP

THE FAMILY LIMITED PARTNERSHIP

What is a Family Limited Partnership? A family limited partnership (“FLP”) is a holding company owned by two or more family members, created to retain a family’s business interests, real estate, publicly traded and privately held securities or other...