Your estate plan provides instructions about what you want to happen with your assets after you die. It also includes provisions for what happens if you become incapacitated. All terms are set based on your circumstances when the plan is created. For most adults,...
Your largest and most valuable assets and your most significant financial liabilities will likely dominate the estate planning process. The same is true of making arrangements to provide for your closest and most dependent family members, like a spouse or a child....
Most people have never heard the term elder law and only learn about elder law matters when they start approaching retirement age or step into a caregiver role for older family members. Some people conflate the term elder law with probate law or estate planning, but...
Funding a trust can give you peace of mind after your child's diagnosis with a permanent condition like Down syndrome or a brain injury from a car crash. A special needs trust helps ensure that your child will have the necessary supports to live a safe and comfortable...
As the personal representative of a New York estate, you essentially assume responsibility for everything left undone by the deceased. You will fulfill their last wishes as outlined in their will, if they provided one. You will secure their property, communicate with...
There are a few risks that come with estate administration in New York. Some of them are personal, like the strain such work may put on your schedule or how it will affect your relationships with the beneficiaries of the estate. Others are financial. Certain mistakes...
When you have a small business, one of the things you should think about is obtaining a trust for your business. A trust is helpful because it will help your business continue its normal functions even if you are not there to run it yourself. Trusts have other...
Many people put off starting their estate plans because they believe that it will take too long or be too complicated. The truth is that it can be easy to put together an estate plan. There is a simple, straightforward method for handling estates of all sizes, and...
Your life insurance policy benefits the people who depend on you, such as your spouse or your children. The more dependents you have and the younger they are, the more life insurance coverage you may require for their protection. Your insurance will be an important...
There is no doubt that nursing home care is expensive. Going into a nursing home costs thousands of dollars a month and tens of thousands annually, at a minimum. It makes sense that you’d want to qualify for Medicaid, because doing so could help prevent you from...
