Estate Planning Isn’t Just For The Elderly
Contesting a will is a significant decision that can have lasting implications for all parties involved. In New York, several valid reasons might prompt an individual to challenge a will. 1. Lack of testamentary capacity One reason to contest a will is if the...
When you are young, considering your death may feel morbid and dark, and you may avoid the possibility of it for a while. However, not thinking about it may put you and your relatives at risk for issues should you die without leaving any directive behind. Age does not...
When a loved one grows elderly or ill and can no longer live independently, you may find yourself facing difficult decisions about his or her personal care. He or she may need long-term assistance with activities of daily living such as dressing, bathing and preparing...
It can be easy to take good health for granted. After all, if you have been healthy throughout your life, you might expect your good health to continue. An unexpected injury or sudden illness, though, can stop you in your tracks. Even worse, certain medical conditions...
If you are healthy and younger than 60, you probably have not yet thought much about the day you may need long-term care. After all, thinking about the day you no longer have your independence will likely cause anxiety about what will happen and your future finances....
The older you get, the more likely it is that you may experience a condition that could necessitate long-term care, whether in the community or in a skilled nursing facility. Suffering from Alzheimer's disease, severe arthritis or certain disabilities are just a few...
When most people living in New York turn 18, the state considers them to be an adult, which means they are viewed to be capable and have the legal right to make their own decisions. Yet, if you have a child or other loved one who has an intellectual or developmental...
Having a Last Will and Testament is important, and it is even more important for the individual creating that Last Will to meet with an attorney while in a clear and uninfluenced state of mind. This is where it is useful to understand what it means to be unduly...
It is crucial for those who wish to set up a trust to realize how their estate plan could impact any benefits that they currently receive or may be entitled to receive. For example, assets in some trusts could disqualify the beneficiary from receiving Medicaid. On the...
While older adults may face end-of-life decisions, all adults should plan for the unexpected. According to a Caring.com survey, 42% of Americans procrastinate on creating a last will and testament to handle their affairs upon passing. Knowing that life may change in...