7 common estate planning disasters and how to avoid them
Many persons have the mind of transferring wealth to their love ones, family and friend while they are still alive or at their death. This is a very benevolent mindset. In order to do this, your estate needs to be properly planned. it is your estate that entails how you wish to go about this […]
What Happens at the first appointment with an attorney
Before you begin work a new establishment, you would love to have a little insight into the operations of the firm right? In the same vein, if you are meeting, let’s say, a doctor for the first time, you would surely love to envision how the conversation would go. The same applies to visiting an […]
How to Create an Estate Planning Blueprint
Blueprint According to the English dictionary, a blueprint is a detailed plan. A blueprint defines how a project (could be a building project) is going to be. It is a navigation map. Planning Planning is a vital key to success. People who are successful in career, business etc. do deliberate planning. It is true about […]
What Is The Process For A Will Contest In Brooklyn?
A will contest is a situation where a party affected by a last will and testament challenges the validity of the will during probate. A person may contest the will during probate if they feel cheated out of inheritance or have reasons to believe the document was written in a state of undue influence. If […]
Does A Will Keep An Estate From Going Through Probate
You may have a large estate, one you believe would be followed by a lengthy and expensive probate. Probably, you’ve heard that people make mistakes of not doing estate planning and their survivors end up going through challenges during probate. Now you’re wondering, does a will keep an estate from going through probate in Brooklyn? […]
Council Post: Reviewing Your Financial and Estate Planning Checklist
Before talking about the review of your financial and estate planning checklist, do you have a plan up front for the event of incapacitation or death? It is a very difficult thing to plan for but the earlier the better as it will save you and those who care about you much stress in the […]
When does Power of Attorney Take Effect?
A power of attorney is one of the most important estate planning documents which is why it is important that you include it in your estate plan. A power of attorney will come in handy when you are incapacitated or unable to make important legal or financial decisions. This legal document allows you to select […]
How Does A Pooled Income Trust Work In Brooklyn?
What is a pooled income trust? A pooled income trust, also commonly called a pooled trust, is a kind of Supplemental Needs Trust (SNT) created for disabled individuals. The funds in the trust can be used for their supplemental needs without disqualifying the individual for Medicaid eligibility. Hence, the disabled individual can get Medicaid benefits […]
Estate Planning: Strategies to Safeguard Assets and Avoid Taxes
To many people, estate plan is all about having a will. But it is vital you know that a will is only a part of an estate plan. Estate planning goes way beyond just designating your assets to a beneficiary. It serves many purposes including organization of your whole estate, protecting the interest of your […]
What the Movie “Knives out” get right and wrong about estate planning?
One of the amazing hits of the 2019 movie season has been the fantastic movie Knives Out. With a star-studded cast such as Jamie Lee Curtis, Daniel Craig, including Marvel’s Chris Evans, it is a thrilling movie to watch. In fact, both moviegoers and critics are connecting with the fun whodunit that has reeled in […]