Estate Planning & Elder Law Blog

Planning for death or incapacitation can be a difficult subject to discuss. If you have young children or a non-traditional family, it's one conversation you can't afford to avoid.

A will or living trust makes arrangements for your estate and medical concerns in the event you cannot manage them yourself (death or incapacity). 

So, which do you need?  Can they work together?  Is one better than another for your situation?

Complexity

Living trusts and wills do not have to be terribly complicated. In many states, 

Everyone knows the importance of writing a will to protect their assets after they pass on. Fewer people actually do anything about it. A survey conducted by Caring.com in 2017 found that 

Are you thinking of signing over money or assets to a loved one with special needs? 

People often choose to do this by naming them as beneficiaries in a will. While this may seem like a good idea, it can have financially devastating consequences.

In fact, it can disqualify them from government programs, meaning they lose the financial and medical support they previously relied on. 

Special needs trusts provide a way around this.

In this post, we'll tell you how they work.

If you have a taxable estate, you can expect to pay one-sixth of its value in federal estate taxes.

But what about in New York State? How are New York State inheritance taxes different? What is the New York estate tax rate? 

If you live in New York and own a taxable estate, you'll need to know the 

Planning for death or incapacitation is something everybody needs to do.

The fact of the matter is that if you don't have a plan in place, you'll leave your loved ones with the task of trying to pick up the pieces.

Unfortunately, many people think that when it comes to estate planning, all you need to do is write out a will and buy some life insurance.

We are so excited to welcome you to the new website for Yana Feldman & Associates, PLLC. This past weekend our office was a sponsor of the annual Israel Day Festival at the Kings Bay Y. Along with Assemblyman Steven Cymbrowitz, representatives of the Jewish Agency for Israel and many community members, Yana and her family celebrated enjoyed the fun games, music, dancing and food.