Estate Planning Isn’t Just For The Elderly
Your estate plan serves as a major component of how you will handle your end-of-life experience, and how your loved ones will handle your matters after your death. Thus, it is crucial that your plan remain up to date with the actual happenings in your life. After...
Many young people across New York and the nation put off estate planning. Sometimes, they do so because they feel they do not have valuable enough assets to warrant one. Other times, they do so because they believe it takes considerable time and money to create one....
As you work on your estate plan, do you have an executor for your will? CNBC explains the importance of having an executor that you can trust. Here are some questions to ask yourself when choosing an executor. Is your choice organized? Your estate refers to everything...
Many estate planners dedicate a lot of time to avoiding probate. Given that probate can be a very long and drawn-out process, it makes sense as to why you would want to help your heirs avoid it. One way that some Americans attempt to help their heirs avoid probate is...
Previous articles on our blog touched upon the fact that there are certain life events that should prompt you to revisit your estate plans. A divorce is certainly one such event, as it undoubtedly impacts your desire for your ex-spouse to benefit from your estate. ...
Effective for all Powers of Attorney signed on or after June 13, 2021 the Statutory Short Form Power of Attorney (POA) has been revised to make it a much simpler form to be signed, especially by those that have physical infirmities. The most significant changes are as...
New York State has announced the 2021 income and resource levels for Medicaid eligibility (GIS 20 MA/13). As the Medicaid program is a “means tested” program, the first step in determining eligibility is looking to the applicant’s income and assets/resources. The new...
If you have recently started a new business, you need to consider planning for what will happen to your role in the company in the event of your sudden incapacity or death. During the early days of a new business venture, estate planning may not seem like an urgent...
Writing a will may seem like a good bet to help your estate pass through probate without major delays. Still, some families experience a lengthy period of probate because siblings fight over the will in court. To help avoid this problem, you may want to do more than...
For disabled adults, medical care and living expenses can be hard to afford. Fortunately, if your disabled loved one has limited income, he or she may be eligible for certain needs-based government programs. Supplemental Security Income and Medicaid are popular...