What Happens At The First Appointment With An Attorney?
Your first meeting with your estate planning attorney may seem daunting especially when you don’t know what to expect. But not to worry; your first meeting with an estate planning attorney is an opportunity for the attorney to know your estate situation, goals, and wishes. This knowledge will better position them to offer you professional […]
Can A Reverse Mortgage Affect Estate Planning?
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 […]
Why Create A Power Of Attorney?
What is a power of attorney? For so many reasons different persons appoints other persons to act on their behalf at certain points. This means they give their power of attorney to this person they appoint. A power of attorney (POA) simply put, is a legal document in which you choose or appoint someone not […]
What is a Special Needs Trust?
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 is a legal arrangement and fiduciary association that allows a physically or mentally incapacitated individual or an individual with chronic illness to obtain income without diminishing their eligibility for the […]
What Are The Types Of Home Care Available?
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 even be their care giver, so it makes things far much easier and cost-effective. New York Medicaid has therefore provided different types of home care for its participants depending on […]
Signing A Power of Attorney Without Sparking A Feud
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 identity of the principal and the agent or proxy. This confusion may force the surrogate courts in NY to term the P.O.A deed as invalid for it fails to communicate […]
Does A Will Keep An Estate From Going Through Probate?
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 a court process known as probate. Consequently, those who you would have preferred to get the most inheritance may end up with the least because you did not express your […]
What is Estate Planning in a Digital Age?
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, document conservation, etc. to make our life comfortable and thus our assets in digital forms are also increasing day by day. While talking about estate planning and doing it, people […]
Is it ever too early to make estate plans in Queens?
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 this huge misconception that estate plan is strictly for the older generation as they prone to those life-threatening sicknesses. When it comes to estate planning, there is no such thing […]
Getting A Loved One Visit an Estate Planning Attorney
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 to protect their estates and themselves plus their beneficiaries. But a significant number of individuals who haven’t opted for estate planning cannot be assumed. Maybe you have a close friend […]