Most states are not doing enough to fight crimes against the increasing elderly population. A few states have state level investigative units dedicated to fighting elder financial abuse. However, that may not be enough, according to the Brookings Register in “S.D. a national leader in battling elder fraud.” Criminals target the elderly more and more every […]

Many elderly retirees have forgotten about retirement accounts that accumulated in their younger years. There are many Americans who have a retirement account through an old employer, but they have forgotten about them. It is important to remember that when you leave a job that had a 401(k) plan or other retirement plan, you are […]

Flexibility can lead to the creation of a better legacy than anticipated. When people go to an estate planning attorney, they sometimes already have a good idea regarding what they want to accomplish with their estate plans. That is often a good thing. If a person is flexible and willing to consider options, it is […]

Myths are spread from person to person and by the Internet. Correcting the myths isn’t an easy task. The world of the will and the trust has created some basic estate planning myths through the years. However, they can be corrected, according to TC Palm in “Common misconceptions about wills and trusts.” These myths include: […]

Individual circumstances determine the best type of trust for you. Much of the confusion over trusts is a result of some impressive sounding names that do not actually describe what the trust accomplishes. Therefore, deciding on which type of trust is the best one by name is not the right way to think about trusts. […]

You have been making plans your entire life and it is likely there are a few more during retirement. Americans have generally been making plans their entire lives and those in retirement need to make plans, even though those plans are some of the least comfortable plans for people at any age to make. They […]

People do inherit from a long, lost relative. However, it isn’t all that often. If you should inherit money from a long, lost relative, someone administering the estate will contact heirs and let you know. This usually comes as a very welcome surprise for the heirs. However, this rare occurrence is also the subject of a […]

Attorney Michael J. Amoruso was honored with the Section Award for his efforts in furtherance of the rights of the Elderly and Persons with Disabilities at the opening session of the New York State Bar Association Elder Law & Special Needs Section 2018 Annual Meeting in NYC. As he accepted the award, Michael urged his fellow […]

Knowing how to handle cryptocurrencies in estate planning can be a challenge. The very nature of how the increasingly popular cryptocurrencies are held by their owners creates issues in estate planning, according to the New Jersey Law Journal in “Estate Planning in the Age of Cryptocurrency.” Why is it a challenge? It is because proof […]

The use of of beneficiary designations is gaining in popularity. However, problems can develop. Beneficiary designation forms can be an easy way to quickly distribute many financial assets to heirs. However, complications may lurk behind the apparent simplicity, according to Wealth Management in “Designating a Beneficiary — Not as Easy as it Looks.” The problem is that […]