by Glenn Busch Esq. | Aug 9, 2023 | Celebrity Estates, Estate Planning, Incapacity Planning, Planning for Minor Children, Probate
Estate planning is crucial for managing and distributing your assets after death. But which plan is best for you: a will-based or a will-and-revocable trust-based estate plan? In New York state, you typically have two options: a will-only plan or a will and revocable...
by Glenn Busch Esq. | Aug 9, 2023 | Estate Planning
As terrific as it may be to have a family vacation home, the same reasons it’s a wonderful thing can make it one of the most complex assets to pass to future generations. Everything’s great when the parents are alive and well. Still, over time this changes, as...
by Glenn Busch Esq. | Jul 20, 2023 | Estate Planning
When it comes to estate planning and will preparation, designating beneficiaries is a crucial step. A beneficiary is a person who will receive assets or benefits after the death of the account holder or policyholder. While adults can easily be named as beneficiaries,...
by Glenn Busch Esq. | Jul 18, 2023 | Business Succession Planning, Estate Planning, Planning for Retirement
Being self-employed is no easy task. You are the owner and, in some cases, the only employee. While you may have more freedom than the average worker, many responsibilities lie on your shoulders. To properly plan for your financial future and the future of your...
by Glenn Busch Esq. | Jul 12, 2023 | Elder Law, Estate Planning, Planning for Minor Children
As parents, we are constantly making decisions that impact the well-being and future of our children. One such decision revolves around whether or not to include our child’s name on the deed to our home. This choice can have significant legal and financial...
by Glenn Busch Esq. | Jul 10, 2023 | Estate Planning, Planning for Married Couples, Planning for Minor Children, Planning for Retirement
Estate planning is crucial in ensuring the smooth transfer of your assets and property to your loved ones after you pass away. While various tools and strategies are available, a trust can offer unique advantages that make it an attractive option for many individuals....
by Glenn Busch Esq. | Jul 10, 2023 | Elder Law, Estate Planning, Estate Planning for Dementia, Incapacity Planning
The HIPAA Privacy Rule provides federal protections for personal health information held by covered entities and gives patients an array of rights concerning that information. 45 CFR §164.508 states the uses and disclosures of PHI that require authorization from a...
by Glenn Busch Esq. | Jul 10, 2023 | Estate Planning
A special needs trust, or SNT, is an integral part of planning for the financial security and lifestyle of a family member with special needs. A special needs trust can allow the trust’s beneficiary to receive financial support from the family for supplemental needs...
by Glenn Busch Esq. | Jul 5, 2023 | Estate Planning, News, Probate
As individuals, we work hard to accumulate wealth and create a secure future for ourselves and our loved ones. However, passing on that wealth to the next generation is a complex and often challenging task. To ensure the successful transfer of assets and the...
by Glenn Busch Esq. | Jun 30, 2023 | Beneficiaries, Estate Planning
Beneficiary designations ensure the efficient transfer of assets after someone’s passing. Assets with designated beneficiaries are automatically passed to the named beneficiary, regardless of the instructions in the original will or trust document. This means...