The importance of having an estate plan as well as creating a will
The importance of having a plan for your estate once you die is vital. Whereas a living will let you make requests and proposals concerning your healthcare and your properties if out are not in a position to, an estate plan will make arrangements about all your affairs and will leave a record of your […]
What is the process for a will contest in Queens?
Will Contests Will contest is a common type of estate lawsuit where the objectant (the individual objecting the will) challenges the validity of a will. Under the laws of New York, only specific persons can challenge the probate of a last will and testament, regarded as a “will contest”. In order to have standing to […]
Does making a gift affect your assets during Medicaid?
In Long Island, 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 Long Island has a 5 year look […]
What does a well-developed plan look like?
An estate plan is considered as one of the most important plans to make while alive. Failure to make this plan, could affect not just you, but your loved ones. Without an estate plan your loved ones will find it difficult to access your assets. Without a power of attorney, an important estate planning document, […]
10 Ways to Lawsuit Proof Your Estate!
10 Ways to Lawsuit Proof Your Estate! Estate planning is done to protect your assets along with securing the future of your family and loved ones. You spend your whole life in accumulating significant wealth to make your family financially secure and the rest of the time to protect your wealth from probate, taxes, and […]
Avoiding Estate Planning Mistakes
Not Making A Will More than half of Americans don’t have a Will, leaving there family’s responsible to take care of any left over debts but to also pay to decide with who gets the decedents estate and or any assets listed. A Will is also crucial when it comes to inheritance and deciding by […]
How Does Probate of Real Estate Work
Everyone who owns any type of property should have a will, not because they need it but because people you leave would need it. Once you pass away, you must give legal ownership of your belongings to anyone. Your real estate needs to divide between the inheritors of your will. Probate is a procedure that […]
Does a will keeps an estate from going through probate?
Today, you find most estate owners planning an estate that avoids the probate process due to its complicated nature. Most times, these estate owners set up trust to bypass the process. However, some people opine that a will can prevent an estate from undergoing probate. In this article, I’ll reveal if it’s possible or not. […]
Council Post: Reviewing Your Financial and Estate Planning Checklist
Before talking about the review of your financial and estate planning checklist, do you have a plan up front for the event of incapacitation or death? It is a very difficult thing to plan for but the earlier the better as it will save you and those who care about you much stress in the […]
Look Back Penalty Period in Buffalo
When a person applies for nursing home Medicaid coverage, one of the crucial issues to observe when drafting the Medicaid paperwork is whether any gifts or transfers by the Medicaid applicant were made during the last five years. Medicaid requires applicants to reveal all financial transactions that were initiated during the last five years before […]