Eddy & Schein Group

Eddy & Schein Group Management & coordination of personal, financial, legal and health insurance matters. Our tagline is “LifeKeeping, Not Just Bookkeeping®"

END-OF-YEAR PERSONAL FINANCE TO-DO LIST – As you prepare for the holidays, remember to carve out time to focus on your y...
12/12/2024

END-OF-YEAR PERSONAL FINANCE TO-DO LIST – As you prepare for the holidays, remember to carve out time to focus on your year-end personal financial affairs. Ensure your accountant, financial advisor, and attorney have what they need from you with Eddy & Schein Group's "Year-End Financial To-Do List."
https://eddyandschein.com/wrapping-up-year-end-personal-financial-affairs/

Start now! Wrap up year-end personal financial affairs. Set up meetings with your advisors and ask what information they need and from whom.

A Four-Part Series – "Surprises in the Piles"PART FOUR: In your parents' piles of overlooked mail, you may find letters ...
12/12/2024

A Four-Part Series – "Surprises in the Piles"
PART FOUR: In your parents' piles of overlooked mail, you may find letters from their insurance companies stating they've missed payments or even had policies canceled. This article talks about your options for getting them reinstated.
https://eddyandschein.com/uncovering-the-coverage

When sorting and organizing our clients’ piles of papers and files, we often find they’ve overlooked correspondence and documents related to their insurance policies. This often results in them missing important information that impacts their payments and coverage. Where to Start & What to Know ...

A Four-Part Series – "Surprises in the Piles"PART THREE: You may find uncashed checks when helping organize your parents...
12/12/2024

A Four-Part Series – "Surprises in the Piles"
PART THREE: You may find uncashed checks when helping organize your parents' finances. After six months, they may be considered “stale,” but up to then, banks are required to honor personal, business, and payroll checks. Learn what to do in this article.
https://eddyandschein.com/uncashed-checks-going-stale

When helping clients organize their finances, we typically start by sorting and reviewing their papers. Sometimes, we find uncashed checks. Determining if a check is valid depends on the type of check issuer, the issue date, the payee, and whether the payee still has an open bank account. Legally, b...

A Four-Part Series – "Surprises in the Piles"PART TWO: Are you surprised to find stashed cash while helping your aging p...
10/23/2024

A Four-Part Series – "Surprises in the Piles"
PART TWO: Are you surprised to find stashed cash while helping your aging parent(s) with their personal finances? In this article, we cover where to look and how to handle all that hidden money.
https://eddyandschein.com/cash-stashed-under-the-mattress/

When helping clients organize their finances, we often begin by organizing their papers and belongings. We find the most interesting things… including cash! Cash was king for older generations. They operated in a world without Venmo, Zelle, and other electronic transfers. So, if you help your pare...

A Four-Part Series – "Surprises in the Piles" PART ONE: If you're finding your aging parent(s) financial documents in th...
10/23/2024

A Four-Part Series – "Surprises in the Piles"
PART ONE: If you're finding your aging parent(s) financial documents in the strangest of places, these articles can help you to get their personal finances organized. We'll start with stock certificates, statements, and dividend checks found in stacks of mail, and discuss transfer agents, too.
https://eddyandschein.com/stock-documents-buried-in-piles-of-papers/

How to deal with transfer agents as well as stock certificates, statements, or dividend checks found in stacks of mail.

People receiving home health care who have substantial assets or a significant income from Social Security, pensions, an...
04/18/2024

People receiving home health care who have substantial assets or a significant income from Social Security, pensions, and annuities may be disqualified from Medicaid eligibility. Income above a threshold can go into a Pooled Income Trust to qualify for Medicaid. Eddy & Schein helps clients work with Pooled Income Trusts.

Eddy & Schein advises on putting assets into a Pooled Income Trust to qualify for Medicaid.

Financial Literacy Basics: A Guide for Your Young Adult – Part 3 of 3: Employee Benefits and Financial SecurityIn this e...
03/06/2024

Financial Literacy Basics: A Guide for Your Young Adult – Part 3 of 3: Employee Benefits and Financial Security
In this era of diverse employment structures and a growing desire for work-life balance, discussions about financial well-being are essential as your young adult embarks on their professional journey.
In the final edition of our three-part series, we offer examples and insight to guide your young adult through crucial decisions regarding employee benefits and insurance. We also address retirement savings and planning for future financial security from the beginning of their careers.

As your child begins their career, discuss crucial financial decisions regarding employee benefits, insurance, and retirement savings.

Financial Literacy Basics: A Guide for Your Young Adult – Part 2 of 3: Navigating Major Financial DecisionsAs young adul...
03/05/2024

Financial Literacy Basics: A Guide for Your Young Adult – Part 2 of 3: Navigating Major Financial Decisions
As young adults leave home, their two most important financial decisions will revolve around their largest expenses – housing and possibly transportation.
Your task is to help your child understand how the finances affected by these two decisions will shape their lifestyle and ability to afford it.
In this second part of our series, we offer some aspects to consider as you discuss their journey toward financial independence.

As young adults leave home, help them understand the financial decisions they'll encounter on their journey toward financial independence.

Financial Literacy Basics: A Guide for Your Young Adult – Part 1 of 3: Nurturing Financial Wisdom and Money ManagementWh...
03/05/2024

Financial Literacy Basics: A Guide for Your Young Adult – Part 1 of 3: Nurturing Financial Wisdom and Money Management

Whether your children are facing life’s financial journey as recent college graduates, starting their first job, or even in an established career, your experience can be a valuable guide.

In Part 1 of our three-part series, we cover some of the topics financial newbies have posed to us, either directly or through their parents.

As your kids leave the nest, give them the benefit of your money management knowledge to help them on their way to a secure financial future.

When a person undermines their power of attorney's ability to act in their best interest, the principal may end up in c...
01/30/2024

When a person undermines their power of attorney's ability to act in their best interest, the principal may end up in court-ordered guardianship. Learn why it's important to allow a POA to protect the principal’s financial security and well-being. Eddy & Schein Group often assists principals, their POAs, and their families in taking advance steps to avoid guardianship.

Attorneys and Daily Money Managers (DMMs) encourage individuals (principals) to prepare estate plans. This process includes appointing an agent under Power of Attorney, well in advance of a possible loss of legal competency. The appointed POA will have the legal authority to take full responsibility...

Financial pre-planning can help you avoid having your legal rights and decision-making handled by a court-appointed guar...
01/30/2024

Financial pre-planning can help you avoid having your legal rights and decision-making handled by a court-appointed guardian. In this article, you can learn about guardianship and how it happens. Eddy & Schein Group can help you be prepared to avoid losing control of your finances.

If a person is deemed incompetent, ideally, their agent under Power of Attorney (POA) or their trustee will handle their financial matters. If the person has not selected an agent or trustee, they may end up in guardianship. Under guardianship, an individual loses their legal rights, and their decis...

When helping someone with their personal finances, you'll be working with their professional advisors. Learn about situa...
11/01/2023

When helping someone with their personal finances, you'll be working with their professional advisors. Learn about situations where timely, informed communication with professional advisors has helped avoid issues and led to advantageous financial outcomes.
https://bit.ly/3QFnqeu

Consulting personal finance professionals can lead to better outcomes for tax liability, insurance coverage, estate administration, and more.

Address

136 Madison Avenue, Fl 6th
New York, NY
10016

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+12129871427

Website

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