Law Offices of Vlad Portnoy, P.C.

It’s an unfortunate fact that seniors are prime targets for financial abuse and scams. Sadly, the elderly are often taken advantage of by strangers and sometimes even their own family members. That’s why it’s important that planning is in place to help seniors protect themselves and their assets. #attorney #elderlaw #grantor #irrevocabletrust #livingtrust #planning #protection #revocabletrust #testamentarytrust #trustee #will

This is a great summary in both English and Russian on the objections Estate and Financial planners receive on a daily basis. I hope you find it as helpful as I did.

These days, many more people are struggling with a substance-abuse problem, being homeless, or suffering from mental disability or all three simultaneously. Many families want to assist family members struggling like that, but families are unsure how to offer that assistance, given that money might hurt more than help. #disabilityplanning #estateplanning #letterofinstructions #mentaldisability

Suppose that your estate plan is documented. It will be taking care of your home, savings, and investments, making sure that your family will get those valuable estate items fairly and efficiently. Your plan will also protect your legacy from your children’s potential divorces or bankruptcies. What could go wrong? Plenty, unfortunately, when it comes to personal possessions. #estateplanning #personalitems #personalproperty #personality #sentimentalvalue

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Anytime there is a transfer of assets, such as property or cash from one individual to another without receiving something in return of equal value, a gift tax is assessed. https://bit.ly/3nXC0y3

In estate planning, wills and trusts each have specific purposes and unique advantages. Each state has specific laws and regulations governing these legal documents. https://bit.ly/2SlnaFR

There are few things more frightening than imagining your loved one without your protection. But with the right legal help, you can make sure that every measure is taken to ensure they are cared for no matter what happens. Call us or visit our website today to find out more about our Special Needs Planning Services. #NYWillsEstates #SpecialNeedsPlanning #Trusts #NewYorkAttorney

Often parents live far away from their children in the US. Managing aging parents’ or in-laws’ medical events can be a serious challenge without proper preparation and understanding of what your parents' strategy may or may not be, no matter where you live. Do you know what legal documentation your parents have in place regarding their medical care? https://bit.ly/3f21SEU

An irrevocable life insurance trust (ILIT) is created with a life insurance policy as its asset. As the name suggests, the trust grantor cannot, in any way, modify, amend, or rescind the trust or reclaim its property after its initial creation. When the life insurance policy is placed in the trust, it is the trust, not the insured person who now owns the policy. read our latest blog post to learn more. https://bit.ly/2PQFeH5

Famous author, TV producer and wildlife expert, Jack Hannah has decided to go into retirement due to his struggle with dementia. https://bit.ly/3eto1gB

Did you know that, unfortunately, fewer and fewer elders get the chance to experience their golden years due to financial, medical, or government aid-related challenges? Attorney Vlad Portnoy is here to help you make the best choices for your elderly loved one. Call us today or visit our website to learn more about how we can be here for you! #NYWillsEstates #EstatePlanning #ElderLaw #EstateAdministration #SpecialNeedsPlanning #Trusts #NewYorkAttorney

A living will lays out your preferences for life-sustaining medical treatment. It is often accompanied by a health-care proxy or power of attorney, which allows someone to make treatment decisions for you if you are incapacitated and the living will does not have specific instructions for the situation at hand. Read our latest blog to learn more about the importance of having a living will. #estateplanning #living wills #elderlaw #advancedirectives #inheritance https://nywillsandestates.com/why-a-living-will-is-importa/

Whether you are the Executor or an heir of the probate estate, knowing the lawyer’s role is one of the first steps you should take at the beginning of the probate process. Check out our latest blog to learn more about a probate lawyer's role. #probateexecutor #probate attorney #estate planning #elderlaw #beneficiary https://nywillsandestates.com/does-the-probate-attorney-re/

Couples often bring children into a marriage from a prior marriage or union and then have children together. This is often referred to as a blended family. Read our latest blog to learn more about estate planning for blended families. #estateplanning #blended families #wills #trusts #inheritance #asset protection https://nywillsandestates.com/planning-for-blended-families/

Successfully addressing and legally formalizing inheritance of family values and assets can be challenging, especially if parents wait too long to begin instilling family values. Check out our latest blog to learn more. #estateplanning #transferofwealth #trusts https://nywillsandestates.com/passing-on-family-values-as-/

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Have you met attorney Vlad Portnoy? As experienced New York City estate planning attorneys, we know the solutions you need to care for yourself and your family. We ensure that our law firm provides custom solutions, each carefully tailored to meet your goals. Whether you want to protect yourself, your family, your business, or your legacy, do not wait to contact us today to schedule an appointment. #NYWillsEstates #ThursdayTips #Wills #Trusts #NewYorkAttorney #NYEstatePlan