Estate planning is a key component of ensuring that your wealth passes to your loved ones with minimal interference from the IRS. There are as many approaches to estate planning as there estates, but in general, planning for your estate using wills and trusts gives you control over your assets and wealth while you’re alive, […]
When a person dies in Buffalo without a will, they are said to be “intestate,” and their property will be allocated according to New York’s laws of succession. A spouse will be the legal successor, which is shared with children if the marriage yielded children. Without a spouse or children, any surviving parents are the […]
Medicaid has stringent rules for eligibility in Buffalo, and individuals and couples are well advised to begin Medicaid planning well in advance of any need they may have. Regardless of when you begin the process though, some assets are protected, or exempt, when it comes to determining net worth and income for the purposes of […]