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Michael’s parents own a cottage on Lake Ontario in Wilson, New York which  has great sentimental value to him. He has fond memories of summers on the lake as a child. He wants to keep it in the family for his children, his brothers and future generations to enjoy.

Since his parents are in their 90s, he is worried that he will have to sell the cottage when they die. Michael is thinking about forming  a New York Limited Liability Company (LLC) for the cottage.…

As part of your estate planning, you should have “A Playbook for Managing Problems In The Last Chapter of Your Life” as described here by Judith Graham in Kaiser Health News. You can take steps to avoid a crisis in the remaining years of  your life.

CHICAGO — At least once a day, Dr. Lee Ann Lindquist gets an urgent phone call.

“Mom fell and is in the hospital,” a concerned middle-aged son might report.

“Dad got lost with the car, and we need to stop him from driving,” a distraught middle-aged daughter may explain.

“We don’t know what to do.”

Lindquist, chief of geriatrics at Northwestern University’s Feinberg School of Medicine, wondered if people could become better prepared for such emergencies, and so she designed a research project to find out.

The result is a unique website, www.planyourlifespan.org, which helps older adults plan for predictable problems during what Lindquist calls the “last quarter of life” — roughly, from age 75 on.

The soaring cost and prevalence of Alzheimer’s disease has a tremendous impact on our nation’s families and economy. This is according to a disturbing 2017 report released yesterday by the Alzheimer’s Association.

The statistics in the report emphasize the need for estate and Medicaid planning for disability.  390,000 New York residents 65 and older suffered from Alzheimer’s disease last year.

Total annual payments for health care, long-term care and hospice care for people with Alzheimer’s and other dementias exceed  a quarter of a trillion dollars. $175 billion of …

“15 Ways to Avoid New York Probate” will be presented by Robert Friedman, Attorney and “How to Create Value by Investing & 1031 Exchanging” will be presented by Russell J Gullo, CCIM, CMIA, CEA at the Buffalo Investors & Exchangors Group meeting on Tuesday, March 21, 2017 at 7:00 PM at the Millennium Hotel, 2040 Walden Avenue, Cheektowaga, NY.

Drawing on over 38 years of estate planning experience, Mr. Friedman will explain:

Forbes.com recently published an article titled “4 Risk Factors for Elder Financial Abuse,” highlighting a nationwide problem that can be difficult to uncover. National Consumer Protection Week (March 5-11, 2017) is an important time to raise awareness of financial abuse, especially for seniors and people with disabilities.

The National Academy of Elder Law Attorneys  (NAELA) celebrates National Consumer Protection WeekNAELA member attorneys  focus on taking preventative measures to protect older Americans and people with disabilities.…

Divorce, death of a spouse, adoption of a child, marriage, or birth of a grandchild. These major life events and others may make it necessary to update your New York will and estate plan.

The following events may require you to update your  will so that it is coordinated with your other estate planning documents and…

You are being discharged from a New York hospital after surgery.  How do you designate your daughter to be your caregiver when you return home to recuperate? What if your daughter needs instructions on how to care for you?

The Caregiver Advise, Record, and Enable (CARE) Act amended the New York Public Health Law to require…

Are you concerned about losing your assets if you need Medicaid for nursing home care  in New York?

“14 Ways to Preserve Your Assets with the New York  Medicaid Laws” seminar will be presented for free  at the:

Have your Medicaid questions answered by Robert Friedman, Attorney and Jeff Vastola, CLU of M&T Securities who will discuss:

February is Responsible Pet Owners Month. Celebrate by updating your New York Last Will  and Testament to make provisions for your pet dog, cat or other companion, including a pet trust.

Under the laws of all 50 states, a pet owner cannot leave any part of his or her estate outright to a pet. However, you may leave a sum of money to the person or trustee designated to care for your pet with a request that the money be used for your pet’s care.

There are ten ways to ensure the proper care of your pets after your death: