Estate Planning (Wills and Trusts), Probate/Estate Administration Archives - Genser Cona Elder Law

Category Archives for Estate Planning (Wills and Trusts), Probate/Estate Administration

Major Changes to IRAs and 401ks in 2020

Major Changes to IRAs and 401(k)s in 2020

Effective January 1, 2020, Congress made a number of major changes to IRAs and 401(k)s with the passage of the SECURE Act (“Setting Every Community Up for Retirement Enhancement”). Some changes are of great benefit to seniors but others will negatively impact beneficiaries and call for an immediate update to your estate plan.Here is a […]

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Don’t Overlook These Items on Your Retirement Checklist

You’ve spent a lifetime working hard to create a comfortable life and an enjoyable retirement. As you approach or enter retirement, there’s no better time than the present to make sure your affairs are in order. Your retirement should be as fabulous, extraordinary, or exceptional as you want it to be. However, if you fail […]

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Special Needs Planning

Special Needs Planning: Understanding Special Needs Trusts and Guardianships

Creating an estate plan is important for everyone. However, for families with a special needs child, proper planning is nothing short of critical. Understanding the types of Special Needs Trusts is the best place to start to protect your loved ones. Creating a Last Will and Testament should be the first order of business for parents […]

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Digital Asset Management

Digital Assets: A Cyber Crisis After a Death in the Family

“Everything we needed to get her affairs in order was on her phone. Her contacts would tell us who to reach out to about the memorial service. Her email would tell us whether she had made plans we needed to cancel. Her finance apps would tell us whether she had been paying bills electronically.” After Leslie […]

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Family Home

Preserving & Protecting the Family Home for Future Generations

For most of us, our home is our most valuable and prized asset. And unless you want to have to choose between receiving the healthcare you need and the loss of your home, it’s important for you to take steps today to preserve and protect your family home.  However, you’re not alone! The elder law […]

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Jennifer Cona Quoted in Newsday Regarding Executors’ Duties

When it comes to managing your estate or financial affairs, you must choose wisely. Many people choose a family member as Executor of their Will or Trustee of their trusts so that fees for this service do not have to be paid. This may be a bad decision if your trust or estate has any […]

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Beneficiary Rights: Protect Your Inheritance

Trustees and Executors are held to a high fiduciary standard of conduct. Beneficiaries have a right not only to their inheritance but also to information about the management of the assets. What should you do if you feel your rights as a beneficiary of an estate or trust are not being protected? Consider this recent case: […]

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Power of Attorney

Power of Attorney: Who Will Control My Money

No one wants to think about the possibility of losing control over their finances. Yet, it’s a very real possibility for virtually all of us. Fortunately, a Durable Power of Attorney (POA) is a powerful tool designed to help protect your assets and future. Let’s take a closer look at the POA and how it […]

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Have You Funded Your Asset Protection Trust

Have You Funded Your Asset Protection Trust?

You’ve taken the critically important step of establishing an asset protection trust. Congratulations! But wait – there’s more…Have you funded your trust? Many of our clients have created irrevocable trusts to protect their assets from a future health care crisis so that assets do not have to be spent down on the costs of care, such […]

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Estate Administration

An Essential Estate Administration Checklist for Executors

Without a customized estate administration checklist, being the executor of your loved one’s estate can be intimidating and sometimes confusing. As the executor of the estate, you’ll be responsible for filing a probate petition with the Court, marshaling assets, paying debts, preparing accountings, filing tax returns, distributing assets, and more. Fortunately, you don’t have to […]

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