8 Questions and Answers About Being an Agent Under a Power of Attorney

You have just been appointed as an agent, or “attorney-in-fact,” under a durable power of attorney, a document that, for most people, is even more useful than a will.  Your appointment allows you to act in place of the “principal” – the person executing the power of attorney — for financial purposes when and if that person ever becomes incapacitated.  Here are answers to eight frequently asked questions about the agent’s duties, responsibilities and powers under the document.

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Alzheimer’s and Dementia: Planning for the Challenges

Knowing the best way to offer support, compassion and financial help to a loved one with Alzheimer’s Disease can be challenging. Life Happens Radio host, and founder of Pierro, Connor & Associates, Lou Pierro, spoke on this topic during the August 26th edition of the show. He was joined by Beth Bovin, CEO of the Northeastern New York Chapter of the Alzheimer’s Association.

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Home Modifications: Can the Trustee Pay?

Suitable housing is a critical issue for many clients with disabilities.  Frequently, the client’s disability requires modifications to their residence.  However, if the individual is the beneficiary of a special needs trust (SNT) and trust funds might be used to pay for modifications or repairs to a home that the beneficiary doesn’t own, things can get complicated.

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The Holidays Is a Great Time To Bring Families Together, Which Can Also Be a Good Time To Address Your Estate Planning Needs

Many of us labor a lifetime to build up our assets and fight for causes that matter to us. Few things are more fulfilling than the thought of sharing wealth and legacy with our family.

Of course, it’s impossible to plan for every eventuality, but careful planning can mitigate against the two primary risks.

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Likely on President-Elect Trump’s To-Do List: Block Grant Medicai

Repealing the Affordable Care Act, aka Obamacare, was one of Donald Trump’s signature campaign health care promises.  But his election, coupled with Republican control of both the House and Senate, means that there will also almost certainly be a new GOP effort to turn the Medicaid program into a system of block grants to states.  Under such a system, states would receive a lump sum of federal money to provide health care to low-income people, in contrast to the open-ended entitlement that Medicaid is today, with the federal government matching every dollar that states spend.

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“Age Wise” Series on WMHT / PBS

The Pierro Law Group is proud to be a sponsor of this year’s WMHT / PBS series “Age Wise” that takes a realistic and optimistic look at aging. 

The first episode, “Where We Live”, explores housing choices that can benefit older adults as they age, and help them find the best option. There will be an encore airing on Sunday, August 31st at 1:00pm.

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