Can Making A Gift Before Applying For Medicaid Save Assets?
In New York, making gifts at least 5 years before applying for Medicaid can help save assets. But if the gifting is done within 5 years prior to the application, it will result in a penalty period in which you would not qualify for Medicaid. That is because New York has a 5 year look […]
What Are The Benefits Of A Reverse Mortgage?
What is reverse mortgage? Reverse mortgage is a type of loan where by the value of a home is given in cash to a borrower. The borrower is usually an elderly person at the least age 62. This loan does not require a monthly payment rather, the payment will be after the death of the […]
Estate Planning Attorneys Queens NY
Our estate planning attorneys Queens are available to give you all the help you need. We will create your wills, trusts, powers of attorney, living wills, help you plan for incapacity and tax minimization and ensure that your estate plan is in line with state laws for validity. Contact us for experienced guidance from the […]
Estate Planning and Trust
What is a Trust? A trust is almost similar to a will. In fact, in some cases, a trust can take the place of a will. A trust is simply a fiduciary relationship in which one party, regarded as a trustor, gives another party, known as the trustee, the right to retain assets on behalf […]
What Are Some Challenges Faced During Probate?
Not all probate processes conclude smoothly. Some have to go through some challenges either because proper plans were not put in place, or some issues spontaneously arose during the course of probate. This blog posts explores some challenges that one may face while probating an estate. Do you wish to work with an experienced NYC […]
How to do Estate Planning for Non-US citizens?
Estate planning is a must for non-U.S. citizens in the United States as they may face some major estate planning challenges when it comes to taxes. Estate planning for non-US citizens is much more complicated as compared to estate planning for American citizens. Either you are hitched with a non-US citizen or if you are […]
What You Need to Incorporate in Your Plan to Ensure Your Assets Are Protected
To protect your assets, you need to draft enough documents to ensure the security of your assets. By doing this you will not only be assured of the security of your assets after you die but also during your lifetime. To do this you should have provisions that allow the people you care about to […]
What Does A Well Developed Plan Look Like?
As you get old, there are certain things that you would likely worry about. You think about: How your personal and financial affairs would be managed when you become to old to manage things How your assets will be distributed when you pass away How to ensure you get long term care without spending all […]
What Is The Best Long-Term Care Insurance Policy?
The age of 65 is a time many people look forward to. A time to look back and see how much you’ve accomplished so far, and a time when you will most likely start to need long-term care (LTC) for the rest part of your life. Long-term care is expensive and can be a heavy […]
Local Estate Planning Lawyer Helps Clients Meet Their Needs
Estate planning requires tailoring of a high degree for it to fully satisfy your needs. A customized estate plan is a great deal in ensuring all your affairs either financial or personal, are well covered in your estate plan. A local estate planning lawyer is the one who is available in your state in NY […]