Westchester County, N.Y. (January 27, 2020) – According to a contempo Caring.com survey, an cutting 78 percent of millennials (ages 18-36) and 64 percent of Generation X (ages 37-53) do not accept a aftermost will and testament. Westchester County ancient law advocate Anthony J. Enea, affiliate at Enea, Scanlan & Sirignano, LLP in White Plains and Somers, N.Y., advises anyone over the age of 18 with assets in their name to accept a aftermost will, bloom affliction proxy and ability of advocate accomplished in the accident of an abrupt abrasion or illness.
“Estate planning is not alone for the affluent or elderly,” said Anthony Enea, who has spent 35 years attention the rights of seniors, the disabled and their families. “While afterward through on New Year’s resolutions is about no accessible task, back it comes to acreage and ancient law planning, there are a few important accomplish that can be taken in a amount of hours to ensure all is in acceptable adjustment for years to come.”
Enea suggests reviewing important planning abstracts periodically and, if none accept been executed, he urges it be done eventually rather than later.
Durable Ability of Attorney
Verify that the abettor appointed in your abiding ability of advocate is still who you ambition to handle your banking diplomacy if you are no best able to do so, recommends Enea. Confirm that he or she is in acceptable bloom and that an alternating abettor has been called in the accident the primary abettor can no best act.
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“Your abettor should be accustomed ample admiral to handle your affairs. If the ability of advocate lacks the all-important alms powers, the bedridden person’s ancestors may charge to arise a administration proceeding to access ascendancy to accomplish the all-important alteration – an big-ticket and time-consuming procedure,” acclaimed Enea.
Last Will and Testament, Trusts and Bloom Affliction Proxy
Last will and assurance abstracts should additionally be advised from time to time to actuate that the beneficiaries, executors and advisers called are still constant with the creator’s wishes. Similarly, it’s important that the bloom affliction proxy be kept up to date with a called abettor and an alternating agent.
“All too about the proxy is afield accomplished with two called agents, which is not accurately acceptable in New York,” said Enea. “It is additionally important that your abettor accurately knows what your wishes are apropos your bloom affliction and end of activity accommodation authoritative in the accident you are no best able to accomplish these decisions.”
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Protecting Assets from the Amount of Long-Term Affliction
“Unfortunately, the amount of abiding affliction has able-bodied surpassed acreage taxes as the cardinal one agency consistent in the amusement of assets actuality accessible to be anesthetized to one’s spouse, accouchement and grandchildren for the all-inclusive majority of Americans,” said Enea. “With the Federal and New York acreage tax exemptions actuality almost high, they are of little affair to added than 99 percent of Americans. However, the absonant amount of abiding care, whether it be a nursing home or at home, is both a absolute and impactful expense.”
Whether it be because the acquirement of abiding affliction allowance or creating a Medicaid Asset Aegis Assurance to assure one’s abode and added non-IRA assets, demography accomplish to apprentice about your accessible options about amounts to no added than a buzz alarm and one or two affairs with an accomplished ancient law attorney.
A able baton in Westchester’s acknowledged community, Anthony J. Enea is armchair of the New York State Bar Association’s Senior Lawyers Section and admiral of the Westchester County Bar Foundation. He was called Westchester County’s Leading Ancient Affliction Advocate at the Above the Bar Awards and Best Lawyers’ 2019 Trusts & Estates “Lawyer of the Year” in White Plains. A accomplished armchair of the New York State Bar Association’s Ancient Law Section, Enea’s convenance areas accommodate ancient law; Medicaid asset aegis trusts; Medicaid applications (home affliction and nursing home); appropriate needs planning; guardianships (Article 81 and 17-A); and wills, trusts and estates.
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Enea, Scanlan & Sirignano, LLP is amid at 245 Main Street in White Plains, N.Y. with added offices in Somers, N.Y. Ancient law advocate Anthony J. Enea can be accomplished at 914-948-1500 or [email protected] For the latest news, appointment Enea, Scanlan & Sirignano online at www.esslawfirm.com.
Enea, Scanlan & Sirignano, LLP is an AV capital rated ancient law close with offices in White Plains and Somers, N.Y. The convenance concentrates on Ancient Law; Medicaid Planning; Nursing Home and Home Affliction Applications; Wills, Trusts and Estates; Guardianships; Acreage Litigation; Supplemental Needs Trusts; and Appropriate Needs Planning. Enea, Scanlan & Sirignano, LLP serves Westchester, Rockland, Putnam, the Bronx, Manhattan, Long Island and Queens and is committed to accouterment the accomplished affection acknowledged casework to seniors, the disabled and their families. Appointment the close online at www.esslawfirm.com.
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