For many people, owning a small business is part of the “American Dream.” If you are one of those people, and you hope to one day pass down your business to the next generation, it is crucial that you plan accordingly within your estate plan. There are a number of tools and strategies that can be used to help your business make a successful transfer to the next generation, including a Family Limited Partnership. A Family Limited Partnership, or FLP, is one type of legal entity that works … [Read more...] about Is a Family Limited Partnership Right for My Business?

For some time after the death of a loved one, the survivors go through the mourning process. During this time, most people are highly emotional, vulnerable, and generally not capable of making the best decisions. Unfortunately, there are some funeral providers who exploit the grief of surviving loved ones. If you are in charge of making funeral plans for a recently deceased loved one, it may help you to know that there is an important federal law that can protect your from being taken advantage … [Read more...] about How Can the Funeral Rule Protect Me?

Rochester Medicaid lawyers assist seniors in taking steps to make certain they can obtain healthcare services they need. Many older people have a mistaken belief that Medicare will cover all of the care that they require throughout the course of their retirement. Unfortunately, this is simply not true. Medicare has coverage exclusions for important services seniors may require. It also has co-insurance costs and premiums that can sometimes be difficult for retirees on a tight budget to … [Read more...] about How Much Do Seniors Need to Have Saved for Healthcare?

When you have a baby, you should talk with an estate planning attorney. Many new parents are overwhelmed with the responsibilities of parenting and speaking with a legal professional may be the last thing on their minds. It is also commonly believed that estate planning attorneys only help with issues affecting seniors, and most new parents are young or middle aged and may not realize they need the advice that an estate planning attorney can provide. The reality, however, is getting assistance … [Read more...] about Why New Parents Should Talk to an Elder Law Attorney