Robert W. Shaw
Every family, regardless of income and assets, should have an estate plan. In my last article, we talked about why estate planning is important. In this article, I share a few more compelling reasons to consider an estate plan. Here are some examples: It is important to have a will. If one dies without […]
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Despite what folks may believe, tax savings are not the only reason to create an estate plan. Why? Well, many people think that estate planning only applies to individuals who have to pay estate taxes. The planning, however, is valuable for many reasons beyond tax purposes. Far fewer estates are now subject to estate tax, […]
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There are many wonderful aspects to the “golden years”; however, physical decline is often inevitable. This raises concern about the right housing choice, once the maintenance of home ownership becomes too difficult. Fortunately, there are a number of housing options that a senior can consider—that range in level of care—in order to meet an individual’s […]
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The term fiduciary is defined as a “person who stands in a special relation of trust, confidence, or responsibility in his obligations to others.”
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There are a number of reasons to consider placing your assets in a trust. There are also times when a trust is unnecessary, so exercise caution when making the decision. Many people choose a trust as a means to avoid probate after an individual passes away. This is a good idea if the deceased had […]
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In one of my previous articles, I pointed out the importance of having a Power of Attorney (POA). It’s also important to decide what powers the principal wants to give to the agent in the Power of Attorney. The standard Power of Attorney form in New York State lists broad categories of powers that a […]
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As parents age, they may start to show signs of physical or mental decline. The children may worry about the parent’s ability to drive or to live independently. If you find yourself worrying about an aging loved one, it is important to recognize their dignity and to show respect for their circumstances. Any conversation regarding […]
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Mediation is a valuable resource in elder law disputes and saves all parties the cost of time, money, and emotion. Used frequently in the area of matrimonial law, mediation is an alternative to court proceedings. With the help from a mediator, the parties work together to reach their own agreement—this differs vastly from arbitration, where […]
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The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. I invite you to contact me and welcome your calls, letters and electronic mail. Contacting me does not create an attorney-client relationship. Please do not send any confidential information until an attorney-client relationship has been established.
Robert W. Shaw is licensed in New York.
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