Finding an Estate or Trust Attorney
Finding an estate lawyer is a very critical task and very important at the same time. There may be too many estate planning lawyers around your state but, do they fit your estate planning needs? Finding a lawyer who is focused on matters of the estate plan and if which covers your estate planning needs […]
What Are Health Care Proxy Laws In New York?
There are illnesses which render a person incapable of making decisions concerning their health due to either mental incapacity or worsened state of health. These decisions might be treatment plans, mode of treatment, extent to which you might want a particular treatment to go etc. These are very delicate decisions that must be made at […]
Eligibility Requirements for Medicaid
Though Medicaid is funded by the federal government, it is administered at the state level, and each state has its unique set of regulation of this program. The income and asset level allowed is different from one state to another. Thus, it is best you find out where your balance sheet falls in respect to […]
Is Estate Planning is dead? Why or Why Not?
Apart from planning the fate of your assets after your demise, estate planning was also oriented towards saving your assets from the federal and state estate taxes. However, courtesy to the new estate-tax exemption, one can be exempted up to $5.1 million and the federal exemption is $11.2 million as on January 1, 2020, which […]
Free General Power-of-Attorney
What is a General P.O.A? General P.O.A is a legal document that gives a trusted individual or an organization consent to manage legal and financial matters for you such as signing contracts, selling real estate accessing bank accounts, and even filing taxes for the principal. When you grant the control, you will be referred to […]
How Does The Medicaid Asset Protection Trust Work?
To be eligible for Medicaid in Long Island, you must have limited assets. What this basically means is that people who are financially strong with substantial income source cannot benefit from Medicaid. So how do you ensure that your “substantial income” doesn’t get eaten uo by your long-term care instead of passing down to your […]
Revocable Trust in Estate Planning
To create a good estate plan, it is recommended that you consider setting up a few estate planning document to ensure that you are well catered to after your death. In addition, these estate planning document can ensure that the transfer of your assets is smooth, timely, and done according to your wishes. One of […]
What Is The Look Back Penalty Period In New York?
The Look Back Penalty Period is a concept associated with Medicaid eligibility. So before going into the former, let us first understand the latter. Medicaid Eligibility in New York Medicaid is a government program created for low income individuals, such that their nursing home and long-term care costs are covered by Medicaid. So even when […]
What are the main ways to pay for long term care?
The phrase “long term care” is regarded as a panoply of care services that individuals may need. Sometimes, long-term care may cover skilled nursing / medical care. However, most times it is usually related to non-medical assistance with the basic self-care responsibilities of our day-to-day life, also regarded as activities of daily living (ADLs). ADL […]
We need to learn to accept death in the United States
Life may never be the same after the waves of COVID-19. With tens of Americans having succumbed to the coronavirus in the U.S., some of us are considering our own mortality. Life insurance companies have several new customers. Estate planning lawyers are engrossed in creation estate plans for multiple clients. Many of us are think […]