Estate Planning legal services are very worth it if you want to own your assets, your home, your business, be the official guardian of your children, have a trust instead of a prenup, get future medical care in case anything happens, and so much more for such a reasonable price. An estate plan is the legal security everyone needs and prevents those who are after something you have. Legally push them away with the documents we can give you. It’s extra security that prevents such conflicts.
It all depends on what kind of situation you are in. A revocable trust gives you more options whenever there’s a change in your life. Let’s say you need to update your revocable trust if you have a new spouse, a child, a new home, a business, etc. At the same time, the irrevocable trust is unalterable unless you contact all beneficiaries you’ve listed. Both can put extra security on your assets, but both have different policies.
Transfer on death does avoid the probate process since you’ve already planned the transfer of assets before your death.
The only way to break a trust within the Will is if you discuss the move with those listed in the trust document. This means those listed within the trust also have to agree with the move. So you would need to have the beneficiaries and trustee go along. If they disagree, then the trust is unable to be broken.
Unemployment Insurance (U.I.) benefits include weekly pay but are taxable until you’re able to find a job.
After you pass and you have no estate, have the debt due with you unless you have family members still alive to do so. This is one of the advantages of having an estate plan, and it’s to pay those debts you still owe with the rest of the money you have in your 401K, life insurance plan, and possible savings you have instead of using your family to pay for it all or even giving them the responsibility to do so which will be hard enough for them after you pass. Note: there are also funeral expenses that need to be covered as well.
Special needs planning attorney is responsible for taking care of the person who needs special care, such as stating the physical or mental care needed while paying for it all with this person’s assets. There’s the responsibility of transferring any assets to any debts she or she may owe as well. A special needs person filed needs to file a trustee who is well known for taking care of those who really need it.
Cryptocurrency tools include any wallets or any kind of sources where you hold any kind of cryptocurrency like; Bitcoin, Etherium, IDEX, etc. The wallet usually includes a code that comes with the installation, so if you’re thinking about transferring these assets after you pass, make sure you include that in your estate plan.
Prenups don’t expire or need to be renewed unless both partners agree to have an expiration date and a chance to renew the contract. A prenup also expires if both partners end up getting divorced, then revoking the file and putting it to effect. Make a prenup plan with Morgan Legal Group P.C. as we also provide these services.
New York Advance Directive provides healthcare for those who’ve applied for it with their estate plan. With this included, you’re able to show a legal document provided by your lawyer to get the healthcare recommended and stated earlier during the planning process. This will have the medical care follow your wishes without any friction between you too, usually for those who can’t speak for themselves.