Nursing home costs are very high in New York City. Because of that, most seniors prefer getting their care at home. Their family member may
Most of the young families don’t think of estate planning due to various reasons like some think that they are way too young, healthy while
An irrevocable trust allows you to avoid gifting or lavishing your assets to be eligible for Medicaid. Assets in this type of trust aren’t yours,
P.O.A estate deed needs to be properly signed for validity. A wrongly signed estate plan might result in feud and confusion of duties and the
As we move ahead in our life we are working continuously to earn more n more so that we can provide ourselves and our family
Special Need Trust A special need trust is almost identical to the trust you know. However, there exist a huge difference. A special need trust
According to recent studies, health care cost for seniors are skyrocketing at a rapid pace. In addition, based on New York State’s office of Health
Every individual spends his or her whole life in simulating wealth for a better life for their own self and their family as well. During
Having a thorough comprehension of how the probate cycle functions in New York is basic for anybody that has a friend or family member who
You possibly may have heard that if you do not do estate planning, the court will decide who gets a share in your estate during
Estate planning, no doubt, is one of the most underrated plans on earth. Even as this plan is quite important, there are a lot of
We are currently living in a digital age as we are increasingly dependent on digitalization of everything like online payment of a bill, recharge, shopping,
A lot of people fail to plan their estate not because they don’t want to, but because they feel it is too early. There is
Estate planning is the only option when protecting your assets or personal affairs is your objective. Many people in NY have developed an estate plan
Power of attorney is an essential document which is included when planning an estate. It is a legal document in which you name an agent
After your demise, you would want those things you worked so hard for to be transferred to your family and loves ones. For instance, if
It gets to a point in everyone’s life when they can’t cater for themselves anymore as they used to. This is not necessarily a bad
Estate Planning Explained When you die, those assets you left behind will need new owners. The cars, houses, your businesses, etc., will need to be
If a person doesn’t have enough income to pay for private care, which include nursing homes, etc., and doesn’t or cannot get a long-term care
Estate Planning for New Parents & Couples! Every year there are millions of births recorded in the U.S. While becoming a parent is among the
When you transfer assets outright to a beneficiary, you won’t really be protecting those assets, as you would obviously think. Let’s say you bequeath your
We hear about new kinds of scams or frauds every now or then in several fields, so estate planning also can’t stay far apart from
A reverse mortgage is a type of loan for senior citizens at least 62 of age, whereby the individual can convert their home’s equity into
Part monetary arranging, part authoritative report and part sentiment executioner (or something like that say certain individuals), a prenuptial understanding isn’t only for superstars. It’s
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
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
As the name suggests, an elder law attorney is an attorney with special training in elder law. Elder law deals with all the legal laws
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
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
After your death, your assets will be managed and distributed based on what you have in your will. If you didn’t plan your estate while
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