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You’re Divorced From Your Spouse, Not Your Power of Attorney

It is not uncommon for people to give their spouses power of attorney when developing an estate plan in the event of their death or incapacity. A power of attorney is a very powerful document that gives the agent the ability to gift your assets and to sign your name on documents. However, if you should get divorced, you obviously do not want your spouse to still have this power. The question then becomes whether the divorce itself will automatically revoke a power of attorney, or if there are extra legal steps you need to take to do this yourself.

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Medicaid News Advisory

Significant Increases to Medicaid Resource Limits in 2023

There’s good news for seniors who are either on Medicaid Community or Nursing home Care for 2023 or who might need those services in 2023.

Social Security Income (SSI) beneficiaries will receive an 8.7 percent annual cost of living adjustment in 2023.

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Falcone Law Firm – Proud Sponsor of Winters Center for Autism

Earlier this month, the Falcone Law Firm sponsored the Second Annual Joe Winters Memorial Golf Outing. We are proud to have been able to contribute to their noble cause.

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5 Estate Planning Tasks to Complete Before 55

It is not easy accepting that your time on Earth is limited, but it is something you should discuss with your loved ones before it is too late. Unfortunately, far too many Americans 55 and over do not complete essential end-of-life planning tasks, which may lead to difficulties with family members and friends when you cannot make decisions for yourself due to your health. In this article, you will learn five essential estate planning steps you should take before you turn 55.

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Why Having a Power of Attorney Is Always Important

Many people believe having a power of attorney is only essential surrounding life-changing events; however, this is not the case. You do not need to be in poor health or above a certain age to reap the benefits of a properly executed power of attorney. At any age, there are commonplace events that may occur during which having a durable power of attorney can save you from what could have been a stressful situation.

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How Can a Medicaid Trust Provide a Financial Safety Cushion?

A Medicaid asset protection trust is an integral part of proactive estate planning. This article will explain how preparing a Medicaid asset protection trust can help safeguard your financial future.

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Why Are Healthcare Proxies Important?

Having a properly executed healthcare proxy is an integral part of estate planning; the only way to ensure your healthcare proxy is appropriately executed is by having an experienced attorney by your side. At the Falcone Law Firm, our estate planning experts have helped countless individuals and family members throughout New York prepare health care proxies.

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Special Needs Trusts

Special needs trusts help provide the most significant financial support to a person with a developmental disability. This article will discuss the two different types of special needs trusts, providing valuable information.

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Why Everyone Needs a Will

A will may seem like something you do not need to consider until late adulthood. However, there are numerous reasons why you need to have a will as soon as you are legally able, which in the case of New York State is 18 years old.

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Falcone Law Firm Receives 2022 Lawyers of Distinction Award

Our law firm is proud to receive the 2022 Lawyers of Distinction Award, Recognizing Excellence in Elder Law. Specializing in elder law since 2005, we pride ourselves on providing Long Island families and individuals with trusted legal guidance.

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