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GUARDIANSHIP ATTORNEY QUEENS
Estate Planning

GUARDIANSHIP ATTORNEY QUEENS

Guardianship is an important legal tool in decisions making process of individuals, both minors and adults. It allows a person or entity usually referred to

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Revocable Trust Lawyer
Estate Planning

Revocable Trust Lawyer

A trust is a document that can be used for asset transfer, probate avoidance and tax planning. There are two basic types of trusts namely

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Definition of PROBATE
Estate Planning

Definition of PROBATE

Meaning of Probate Probate is the legal process of proving and accepting in a court of law that a will is a valid public document

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7 Big Estate Planning Mistakes

When planning your estate, ensure you keep an eye out for these big mistakes and avoid them. In addition, contact a professional estate planning attorney

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Will Attorney New York
Estate Planning

Will Attorney New York

What is a Valid Will? A will is an important estate planning document. More officially, it is referred to as a Last Will and Testament.

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New York Booming Divorce Season
Estate Planning

New York Booming Divorce Season

Divorce Court Booming In What Is Usually the Quiet Holiday Season Have you wondered why the divorce courts are booming in New York today? Maybe

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Real Estate Closings in Staten Island
Estate Planning

Real Estate Closings in Staten Island

Estate Planning Lawyer Staten Island is a high-quality location to purchase real estate. From waterfront residences and single-family residences to condos and multi-family dwellings, there

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Morgan Hopper’s Estate Plan
Estate Planning

Morgan Hopper’s Estate Plan

Hopper’s Death Texas state law expresses that local area property or resources gathered throughout the span of marriage, is to be split between Hopper’s life

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What is a Partition Action?
Estate Planning

What is a Partition Action?

Estate Planning Lawyer & Partition Act Parcel activities have frequently been bought more than an individual’s advantage. This could be a friend, family member, or

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The 2021 Estate Plan

Estate planning and gift charges of this year have an individual could pass on millions to beneficiaries and pay no charge. That could mean a finish to the plan and gift charge exclusion sum established as a feature of Trump’s particular expense upgrade.

Republican passing promise to make the multiplied exclusion sum long-lasting. Paradoxically, condemning the Trump tax break as a giveaway to the well-off and referring to monetary imbalance. Biden has proposed reestablishing these charges to their level.

Assuming that you’re stressed over the charge exclusion sums going down, an opportunity to begin a giving arrangement is currently. A limitless conjugal derivation permits you to pass on all or part of your resources for your enduring companion liberated from government home duty. Yet, to utilize your spouse’s unused exclusion where you should choose it on the expense form of the main life partner to pass, in any event, when no duty is expected.

FAQ

  1. What is medicaid fraud?

Medicaid fraud is simply false information to get Medicaid to pay for all the services needed for yourself or someone else.

2.  What is a pour-over will?

A pour-over Will is a Will written and documented stating the actions needed to be done through the trustee which will be transferred to him or her. The truster is someone who’s responsible for many assets to be taken care of or sent to assigned beneficiaries.

3. When someone dies does their debt go away?

No, when someone dies, if that person had any debt, creditors will still ask for the money back adding more credit to the accounts. After the designation of the person’s assets during court, payment of debts will also be announced to whoever the court would call responsible. So a family member, spouse, or close friend will continue with paying everything you owe which is why you should make an estate plan to prevent this sort of conflict.

4. Does a trust protect assets from a nursing home?

 Yes, as long as you transfer funds towards your rent, mortgage, or assistant living instead of going to a nursing home.

5. Does transfer on death avoid probate?

The transfer of death only makes the probate process much more difficult having you provide additional details and reason for the transfer. This makes the process longer and if it’s longer, it’ll be more expensive. The only way to avoid probate is through a trust because everything would be set up or planned ahead, especially the transfer of death.

6.   What does an elder care attorney do?

An elder care attorney has the expertise in arranging any necessary goals to whoever the elder being served needs. It can go along with not just estate planning but also medical care proxies, elder abuse, or dealing with ownership of spousal belongings. This is all regards to any senior over the age of 50.

7. If my spouse dies do i get his social security and mine?

Because of the laws of Estate Planning, there’s something labeled, the surviving spouse clause where if one spouse dies, the surviving spouse gets his or her assets. The only assets not provided would be government funds that the spouse still owes or would actually lose the entire thing because of labeled ownership unless there’s a Will stating rights to owning these finances.

8. How do I know if my unemployment claim was approved in NY?

After applying for unemployment at the official NY government website, ny.gov, you should receive a letter towards your home address 2 weeks after applying stating how much unemployment you should be received. Though that’s if you get approved. If not, you would receive the same letter in the same amount of time saying you’re ineligible due to certain dynamics in your life that the government won’t give you many benefits.

9. Do you need a lawyer for advance directives?

These forms can be created by yourself as long as you are over the age of 18 but have the same disadvantages of handwriting your own Will. This means that advance directives shouldn’t be handwritten to prevent future fallacies due to not being able to read the file or putting information that has nothing to do with what’s needed. So you can make your own advance directives but it’s recommended to get a lawyer to guide you in the process.

10. Does a trust override a will?

No, a trust has different functions than a Will but a trust secures the Wills needs for whatever is listed.

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