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Wealth Preservation

The Increasing Relevance of Estate Planning

The Increasing Relevance of Estate Planning with legal paperwork

The COVID-19 pandemic has brought about unprecedented changes to our daily lives. For many people, this relentless health crisis has raised awareness as to how fragile life can be, and has shed new light on the critical importance of planning for the unknown. One of the most important steps you and your family can take…

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Estate Planning In Times of Uncertainty

Estate Planning in Times of Uncertainty

The recent outbreak of COVID-19 has many wondering if they are prepared for the unpredictable future. People are taking this time to get organized, assess their situations, and address their needs. An important part of this analysis is the need for a comprehensive and coordinated estate and asset protection plan. A comprehensive estate plan will…

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Paying For A Nursing Home

Nursing Home costs in the Hudson Valley

When you or someone you love requires nursing care, the sudden responsibility to cover the costs can be distressing. So what are your options? PAY OUT OF POCKET. Nursing home care costs an average of $12,500 PER MONTH in the Hudson Valley. Some local homes are closer to $15,000, and even as high as $28,000!…

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SECURE Act: Problem or Opportunity?

Secure Act: Problem or Opportunity?

On December 20, 2019, President Trump signed the Setting Every Community Up for Retirement Enhancement (SECURE) Act. The SECURE Act, which took effect January 1, 2020, is the most impactful retirement legislation of the past decade. The act repeals the age restrictions to traditional retirement accounts, meaning the age for required minimum distributions from retirement…

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Shapiro Selected for Council of Advanced Practitioners Membership

BSR&B Partner Richard J. Shapiro receives Council of Advanced Practitioners Membership

Blustein, Shapiro, Frank & Barone, LLP is proud to announce that Partner Richard J. Shapiro has been selected as a member of the Council of Advanced Practitioners (CAP) by the National Association of Elder Law Attorneys (NAELA). NAELA is a national organization comprised of attorneys whose practices include working with the legal problems of aging…

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4 Trusteeship Misconceptions in a Special Needs Trust

October is Special Needs Planning Month

Special Needs Trusts have two primary objectives: Fiduciary management and government benefit eligibility. Special Needs Trusts provide fiduciary management and oversight for individuals who are unable to take direct custody of property, typically as a result of a cognitive limitation, lack of judgment, or susceptibility to financial manipulation. In this way, Special Needs Trusts are…

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Funding – the “Glue” of a Successful Estate Plan

Funding: The Glue of a Successful Estate Plan

When most people think about their estate planning, they usually focus on whether they should have a will or living trust as their primary estate planning document. This “debate” (which has raged in the estate planning community for years) misses a fundamental point: if assets are not owned by, or if beneficiary designations are not…

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Passing The Pitchfork

Passing The Pitchfork

Through proper and proactive planning, the farmer can protect the farm in the event the farmer becomes disabled without prematurely giving up control of the farm. Importantly, having a plan in place can prevent the farm business from stagnating in the event of the farmer’s disability, and dramatically reduce the risk of losing the farm…

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