8 Essential steps for Estate Planning
Estate planning is an important plan that must be made to secure your assets and ensure that your loved ones are well catered to after your death. However, judging from statistics, many American are yet to plan their estate while other die without having one in place. If you haven’t planned your estate yet, there […]
What Are The Main Ways To Pay For Long-Term Care?
Long-term care typically refers to a number of care services that senior citizens or disabled adults may need, including health care, basic self-care, nursing home costs, etc. Basic self-care is also known as assisted living and includes activities such as bathing, washing, feeding, and assistance with using the toilet, among others. Long term care also […]
Are there different types of probate in Brooklyn?
As an estate executor who has no idea of the probate process, it makes sense to conduct a little research into what probate is, what it involves, how it is done, etc., to have a little insight into the process so you can carry out your duties well. In this article, we’ll break down the […]
Estate Planning Tip: Creditors protection for IRAs & Beneficiaries
Creditors Protection for IRAs & Beneficiaries Secured creditors enjoy the right to repayment of money prior to that of the unsecured creditor. They have a preferential payment over that of the unsecured creditors. Creditor’s rights deal not only with the rights of creditors against the debtor, but also with the rights of creditors against one […]
Why Create A Power Of Attorney?
A power of attorney (POA) is a document in which you appoint another person to act and make decisions on your behalf. In such a setting, you are called the principal while the agent you appoint is called an attorney-in-fact (note that this person doesn’t have to be a legal professional in anyway). A power […]
5 estate planning strategies for Singles
While the process of planning an estate can be different for single individuals, planning is just as significant as it has always been. Finding the appropriate estate planning technique can help lessen stress and anxiety. Find out how to make a will, power of attorney, and dying intestate. What is an Estate Plan? Several people […]
Can making a gift before applying for Medicaid save assets?
Medicaid is a “payer of last resort”, this means that it requires all other means of payment to be used up before paying for long-term care expenses. With little exceptions, if you gift your assets to an individual, you will be deemed ineligible to obtain Medicaid benefits for long-term care for a certain time after […]
The Perfect Storm for Estate Planning before the year end
The pandemic has brought unprecedented challenges to the way we do and think about things. People are worried about their financial future, and what may be coming around the corner in the form of policy and consumer behavior. There is talk about looming recession and an economic down turn. The clouds gathering around us are […]
How is a will contested in Queens?
If you are not ok with the content of a will, what do you do? The best way to challenge what is in the will is by contesting it. And as a resident of Queens how do you contest a will?Is it something you can do alone or with the help of an attorney? Read […]
What are some common misconception about the probate process?
Probate, a process that involves the administration of a deceased’s estate, is complicated. This process can be long, time-consuming, and stressful. Creditors, executors, beneficiaries, heirs, including liquidators, there are several players involved in administering an estate. Similar to any complicated area of law, there are often common misunderstandings and misconceptions regarding the probate process. Below, […]