Estate Planning Lawyer Archives

Estate Planning

Power of Attorney Long Island

A power of attorney is a very powerful document by which you appoint an individual to make decisions on your behalf when you become unable

Morgan Legal NY March 31, 2021

Estate Planning

Living Trust Long Island

Before talking about living trust Long Island, let us first discuss what a trust is. A trust is a legal agreement between the creator (known

Morgan Legal NY March 30, 2021

Estate Planning

Irrevocable Trust Long Island

Before discussing irrevocable trust Long Island, let us first understand what a trust is. What is a trust? A trust is a legal entity or

Morgan Legal NY March 29, 2021

Estate Planning

Estate Planning Long Island

As you live on, you tend to accumulate assets (possibly a business, money in an account, insurance, a home, intellectual property, income, etc.). A day

Morgan Legal NY March 28, 2021

Estate Planning

Estate Planning & Probate Lawyer Long Island

Estate planning is a critical legal provision by which you can secure your financial future and that of your loved ones. Through estate planning, you

Morgan Legal NY March 27, 2021

Estate Planning

Elder Lawyer Long Island

Elder Law Elder law is an area of law that specially caters to senior citizens. It gives provisions to plan towards retirement, guardianship, Medicaid application,

Morgan Legal NY March 26, 2021

Estate Planning

Elder Law Attorney Long Island

As you get older and look forward to retirement, nursing home, Medicaid and long term care, there are possibly many questions on your mind. This

Morgan Legal NY March 25, 2021

Asset Protection

Asset Protection Lawyer Long Island

You have spent years working to get the wealth you now have. That business, home, bank account, and others are all from hard work. But

Morgan Legal NY March 24, 2021

Estate Planning

8 charitable donations that save tax on your estate

Give away your assets as gift Here is another way to reduce death tax. However, this method is for those who are comfortable with giving

Morgan Legal NY March 23, 2021

Estate Planning

4 common probate issues

Ancillary probate issues One common issue with probate is when estate properties named in the Will are located in different states. When a decedent have

Morgan Legal NY March 20, 2021

Estate Planning

How a probate attorney can help you access the Will of the deceased

How a Probate Attorney Can Help You Access the Will of the Deceased: Navigating the Process and Protecting Your Rights When a loved one passes

Morgan Legal NY March 19, 2021

Estate Planning

How a probate attorney can help you find probate documents

Probate is a court-supervised process carried out after someone dies, with the aim of disbursing their estate lawfully to the rightful inheritors. The executor named

Morgan Legal NY March 18, 2021

Estate Planning

Do credit card debts pass on to legal heirs?

All debts owned by the decedent, including those on their credit cards, will be settled from their estate purse. Therefore, family members do not have

Morgan Legal NY March 17, 2021

Estate Planning

Which assets fall under the probate process?

It is common to find clients who ask, “Which of my assets will go through the probate process?” This question typically arises from the fact

Morgan Legal NY March 16, 2021

Estate Planning

Helping your probate attorney make the probate process fast

The probate process is one people prefer to avoid altogether because of its complex, costly and time-consuming nature. During the process, debts and taxes are

Morgan Legal NY March 15, 2021

Estate Planning

Is your inheritance subject to state taxes?

An inheritance tax is a kind of tax imposed on beneficiaries when they inherit assets. Each inheritor is taxed separately as opposed to federal and

Morgan Legal NY March 14, 2021

Estate Planning

Estate planning for digital assets

Your assets are not limited to those physical things you see such as your house, company, money in the bank, etc. Whatever you own that

Morgan Legal NY March 10, 2021

Estate Planning

Four cornerstones of estate planning

Estate planning for distribution of assets The fundamental reason why people carry out estate planning is to distribute their assets. Through proper estate planning, you

Morgan Legal NY March 9, 2021

Estate Planning

Should you make an estate plan online?

While there seem to be several online resources that can easily prepare a fast estate plan and provide relevant documentation, the question however comes in

Morgan Legal NY March 8, 2021

Estate Planning

What should you consider when writing a will?

A will is very common. In fact, it is safe to say that a will is the most common component of estate planning which is

Morgan Legal NY March 7, 2021

Estate Planning

Managing your parent’s estate when they die

It’s always painful to lose a parent. You can find yourself struggling to make funeral plans, or figure out what to do with all their

Morgan Legal NY March 6, 2021

Estate Planning

Do adult children inherit debts when you die?

The average American has over $200,000 in debt, including credit cards, mortgages, and student loans. Most individuals will not have enough to cover both funeral

Morgan Legal NY March 5, 2021

Estate Planning

How can you plan your estate to simplify probate?

Making a good estate plan is like securing your future. This shows the importance of estate planning. However, regardless of how crucial this plan is

Morgan Legal NY March 4, 2021

Estate Planning

How is Your Mortgage Handled During Probate?

How is Your Mortgage Handled During Probate in New York? When someone passes away, one of the many legal issues that must be resolved is

Morgan Legal NY March 3, 2021

Estate Planning

managing debt during probate

Probate proceedings calls for the validation of a Last Will and all that is stated in the estate document. As soon as an estate decedent

Morgan Legal NY March 2, 2021

Estate Planning

6 factors that affect time taken to process probate

Lack of a valid Will or estate document. Wrong inclusion in a Last Will would do little to help duration of probate proceeding. The process

Morgan Legal NY March 1, 2021

Estate Planning

What is an Ancillary Probate

Ancillary probate is an additional probate proceeding resulting from a decedent owning assets or other estate properties in another state or states. Typically, a primary

Morgan Legal NY February 28, 2021