What Happens If You Die Without a Will in New York?
DYING WITHOUT A WILL A will is a document that explains what your final wishes are pertaining to property, who the guardian of your children would be and other important ownership after the passing of the individual. Without this, your entire family would have to deal with all the decisions with who gets what which […]
NY Elective Share (Spousal Rights)
The Spousal Rights Spousal rights include owning joint ownership of half of your spouse’s belongings including the estate. That is only if the estate is under both of your names but if one passes here she gets half of any assets and the entire estate included. If your spouse hasn’t include you in his or […]
10 Benefits of Estate Planning & Important Details!
10 Benefits of Estate Planning & Important Details! Estate planning is the process of passing on your belongings to your heirs after your demise in order to safeguard your assets along with your loved ones while avoiding any kind of complications. While most people think that estate planning is meant for the wealthy and older […]
How Does A Pooled Income Trust Work In Brooklyn?
What is a pooled income trust? A pooled income trust, also commonly called a pooled trust, is a kind of Supplemental Needs Trust (SNT) created for disabled individuals. The funds in the trust can be used for their supplemental needs without disqualifying the individual for Medicaid eligibility. Hence, the disabled individual can get Medicaid benefits […]
Avoiding 7 Deadly Estate Planning Mistakes
Here’s 7 Easy Mistakes 1. Keep The Will Up To Date If you’ve written your Will about a decade ago, it is outdated and is exposed to errors during court which can cause delays and more fees. Other documents can be outdated as well. 2. Not having a power of attorney. An attorney has the […]
How does a pooled income trust work in Queens
A pooled income trust is not common, like a will. So there is a huge possibility that you don’t know what it is, or how it works in Queens City. For this reason, I’ll be giving you a little breakdown on what a pooled income trust is and how it works in Queens City. Before […]
Estate Planning: Strategies to Safeguard Assets and Avoid Taxes
To many people, estate plan is all about having a will. But it is vital you know that a will is only a part of an estate plan. Estate planning goes way beyond just designating your assets to a beneficiary. It serves many purposes including organization of your whole estate, protecting the interest of your […]
What is Medicaid Application Process in Buffalo?
The high cost of private medical care has made many individuals look for better and cheaper alternatives. Medicaid, a program funded by the state and federal government, has turned out to be the best alternative to the expensive private health care. To enroll in this program, it is important that you hire a good elder […]
Estate Planning After Quarantine
Statistics are now showing that many families are in a nightmare scenario as they are undergoing a divorce. Actively, and they still are caged up in the same houses. The quarantine period has seen even happy homes being tested. Some have tried marriage counseling but unluckily failed in salvaging their marriages. In most states, many […]
New York Life Hierarchy of Financial Needs Shortchanges Estate Planning
Hierarchy Of Financial Needs Food, water, at home with utilities, education, vacation, debts, anything you can buy or feel a sense of comfort in living can cost to much to even think of an estate plan. An estate plan will make you feel more secure with all these needs any person can relate to and […]