Power of Attorney Following Divorce
Power of Attorney Authorizes Control of Finances A power of attorney authorizes a third party to act on behalf of the principal. A typical power of attorney allows the attorney-in-fact ...
Marriage Equality Act and Prenuptial Agreements in New York
The new Marriage Equality Act in New York guarantees that all married couples are entitled to the same rights under the law regardless of whether the marriage is between a ...
Same Sex Marriage in New York Impacts Estate Planning
New York’s Marriage Equality Act went into effect on July 24, 2011 which legalized same-sex marriage. In addition to New York, six states (Connecticut, Massachusetts, Vermont, New Hampshire, and Iowa) ...
Making Changes when You Have an Empty Nest
Millions of college students headed off to school this fall and left their parents with empty nests. After the shock starts to wear off, and while parents are waiting for ...
Baby Boomers Caring for Aging Parents
More and more adult children are caring for their aging parents. Sometimes adult children move their parents into their own homes in order to provide constant care and sometimes they ...
Protecting Loved Ones from Fraud
Last month a man from Sarasota Florida was arrested for swindling $600,000.00 from an elderly woman who had taken him in as her roommate years earlier. Anita Seidel met the ...
You Have Power of Attorney-Now What?
When someone else assigns power of attorney to you, you become the “attorney-in-fact”. You are held to the highest level of duty to protect the account holder’s funds, to avoid ...
Elder Financial Abuse is on the Rise
According to the 2011 MetLife Study of Elder Financial Abuse, victims lose an estimated $2.9 billion dollars annually, up 12% from $2.6 billion in 2008. While strangers are responsible for ...
A Personal Representative is a Fiduciary
The executor or personal representative of an estate has control over the estate and is responsible for settling the debts of the estate, and distributing estate assets to beneficiaries as ...
Marital Deduction Planning
When planning for your future and working on an estate plan, married couples have options not otherwise available to unmarried couples. Understanding how estate taxes work between spouses is important ...