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Category: Estate Planning

First Liens First!

Posted on March 6, 2020 | by Tom

A New York appeals court recently ruled that a bank’s claim against a Medicaid recipient’s property has priority over the state’s claim for Medicaid recovery because the bank’s lien was filed first. In re Estate of Shambo (N.Y. Sup. Ct., App. Div., 3rd Dept., No. 521174, April 7, Continue reading →

Posted in Estate Planning

Why Does Probate Take So Long?

Posted on February 15, 2020 | by Tom
Probate can be easily avoided, but most estates are dragged through the process. Why? Many people fail to create an estate plan, so probate is required. And – others plan with just a Will, so probate is required. As a result, assets end up at the mercy of a probate judge, open to Continue reading →
Posted in Estate Planning

Strategies for Those Awkward Financial Discussions

Posted on January 15, 2020 | by Tom

There may be people close to you (spouse, parents, children) who are practicing financial behaviors that are unproductive or destructive. You want to help them get back on track, but you don’t want to come across as judgmental or condescending, or put them on the defensive.

The Key Continue reading →

Posted in Estate Planning

How NOT to do your Estate Planning!

Posted on June 22, 2019 | by Tom

A New York trial court recently, and correctly I might add, held that that an incapacitated woman was unduly influenced by her agent under a power of attorney.  The Court found that the testimony of an attorney who drafted a will for the woman on behalf of the agent did not carry much Continue reading →

Posted in Estate Planning

Are you one of the 70% of Americans who don’t have an up to date will?

Posted on July 22, 2016 | by Tom

A Google Consumer survey by USLegalWills.com suggests that previous surveys may have under-reported the number of Americans without a Will!

The key distinction was that previous surveys did not including those who have a Will that is out-of-date. Google’s new survey reported that 63% Continue reading →

Posted in Estate Planning

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