FEATURES & NEWS

Estate Planning Attorney
Estate Planning

Is My Lost Will Useless?

Is My Lost Will Useless in New York? Losing a will can be a significant concern for anyone involved in estate planning or administration. In

Read More »
Estate Planning
Estate Planning

Battling Against Deportation

Battling Against Deportation: A Comprehensive Guide Deportation can be a frightening prospect, particularly in a city as diverse as New York. Understanding your rights and

Read More »
estate planning
Estate Planning

Missing Or Deceased estate?

Navigating Missing or Deceased Estate Issues When a beneficiary is missing, or an estate owner passes away without clear directives, handling the estate can become

Read More »
Probate Attorney
Estate Planning

The Need-To-Know: Probate Litigation

The Need-To-Know: Probate Litigation in 2024 As we approach 2024, the landscape of probate litigation in New York continues to evolve. Understanding these changes is

Read More »
Estate Planning
Estate Planning

The Top Secrets of Estate Accountings

The Top Secrets of NY Estate Accountings 2024 As we move into 2024, estate accounting in New York continues evolving, presenting challenges and opportunities. Understanding

Read More »
Morgan Legal Group Estate Planning
Estate Planning

ABC 9 GA WTVM | Morgan Legal Group

Understanding Estate Planning with Morgan Legal Group in New York City Estate planning is a crucial step for securing your financial future and ensuring your

Read More »
Will
Estate Planning

Is My Will Legit?

Is My Will Legit? Ensuring Your Will’s Legitimacy in New York Creating a will is a fundamental component of estate planning, but the looming question

Read More »
Probate
Estate Planning

The Mysteries of Probate Revealed

The Mysteries of Probate Revealed in New York The probate process in New York often seems shrouded in mystery, leaving many to navigate its complexities

Read More »
What is Probate in 2024
Estate Planning

What is Probate in 2024?

As the legal landscape continues to evolve, understanding the probate process in New York in 2024 is crucial for effectively managing estate planning and administration.

Read More »
Probate Lawyer Queens
Estate Planning

Probate Lawyer Queens

Why You Need a Probate Lawyer in Queens Probate can be complex and daunting, especially in the diverse and dynamic borough of Queens, New York.

Read More »
Estate Planning Attorney Brooklyn
Estate Planning

How Does Joint Ownership Work?

How Does Joint Ownership Work? Joint ownership, a common arrangement for co-owning property and assets, offers various benefits and complexities, particularly under New York State

Read More »

Costs Of Estate Planning With TOD Accounts

TOD accounts move their resources for a recipient when the maker of the plan passes. The holder can get various recipients with resources in any way that’s been prepared. Assuming you’ve got a record to be equitably between your children.

The recipients have no entrance or privileges to this record while its proprietor is alive. Those recipients can likewise be changed whenever insofar as the record holder is considered intellectually able. Like when you leave resources in a will, move on death doesn’t build up any freedoms until later you pass.

Without this, the court’s probate framework assumes control of the appropriation of the resources. This can name a beneficiary of your estate plan and pay off what needs to be paid for. At that point, disperses anything that remains as indicated by your will, however, provided that it’s received.

An organizer can assist you with appropriately arranging your home. Observing the right monetary guide that meets your requirements doesn’t need to be hard. Assuming you’re fit to be coordinated with neighborhood counselors that will assist you with accomplishing your monetary objectives, begin now.

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 document 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 by having you provide additional details and the 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 for 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 receive. 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 has the same disadvantages as 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.

Most Popular: