How long has it been since you last reviewed your will, trusts, estate plans? 

Before you tell yourself of course a seasoned attorney would ask me that question, I want you to think about this – I’m a Baby Boomer too. We may think that we have all the time in the world to update and plan and we think that we are too busy making sure our children and family are provided for should anything happen.  Think again.

In a recent Forbes article, Five Reasons Baby Boomers Need to Review Estate Plans (And It’s Not About Taxes), http://www.forbes.com/sites/deborahljacobs/2012/03/29/five-reasons-baby-boomers-need-to-review-estate-plans-and-its-not-about-taxes/ senior editor Deborah L. Jacobs cited comments made by Paul G. Schervish, a Boston College professor and renowned researcher on wealth and philanthropy in America that was a little shocking, “Boomers will give away much more than they receive.” If that’s not a call to action to revisit your estate plans, I don’t know what is!

Do those documents still reflect who you are, what you care about and what you have today? Schervish tells us that it’s estimated that post-boomers, ages 28 to 45 are in better shape financially than we think and in fact, better shape than we were at that age.

As a boomer and an experienced estate planning attorney, I agree with Ms. Jacobs and Mr. Schervish - Take care of yourself and think about your legacy – the kids will be alright.

Boomers, tell me what you think!

We understand how difficult it is to cope with the death of a loved one while trying to figure out probate and trust and estate administration. We can provide professional services to help ease your burden, both during the planning process, and when a loved one passes. You can relax knowing that the job is being done right by people who care.

Who Should I Name As My Executor?

What is Probate?

Probate is the legal process of submitting the Will of someone who has passed away to the court for approval. The court validates the Will and legally appoints the executor named under the Will.

To Probate or Not to Probate?

Estate and Long Term Care Planning for You and Your Family

by Amelia E. Pohl, Esq. and New York Attorney Vincent J. Russo, Esq.

Simple Practical Things You Can do For MAXIMUM CONTROL AND PROTECTION of Your Property During Your Lifetime

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The problem: The will my husband and I drew up names our son as executor. Due to family circumstances, we would now like my husband’s brother to act as executor, not our son. Do we need to redo our will, or can we just sign an addendum with this change and have it notarized?

The expert: Frank L. Buquicchio, elder law and estate planning attorney, Vincent J. Russo & Associates.

It is not uncommon for my law firm to get a call from a family member who is at wits end in trying to help a loved one. Mom was very private and we do not know what assets she has? Dad never went to a lawyer and we don't know who has the right to make decisions for him? The hospital discharge planner is telling us that we need to do Medicaid planning to pay for nursing home care. The hospital wants to know who is the agent under a Health Care Proxy but my wife never signed one.

We understand how difficult it is to cope with the death of a loved one while trying to figure out probate and trust and estate administration. We can provide professional services to help ease your burden, both during the planning process, and when a loved one passes. You can relax knowing that the job is being done right by people who care.

Who Should I Name As My Executor?

It depends on your family members and friends. Do they have the knowledge, the time, are they capable of handling any family disputes? The job of executor can be time-consuming and difficult. That is why you need to think twice before you make that decision in your Will.