Doing long-term care planning or thinking about getting all of the paperwork in order? It's wise to do this long before you need to use the plan, and asking the right questions can help. According to the National Institutes of Health, these are a few of the most common questions:
Why someone might use a deathbed will
As the name implies, a deathbed will is a will made up at the last second, when someone is very close to passing away. These are dangerous, as it's often very easy for people to contest them. They can claim that the person who passed away wasn't in his or her right mind, perhaps due to aging and perhaps due to medications. These wills, especially if they cut out someone who was in the will before, often lead to long legal battles.
2 common estate planning myths
There are a lot of myths about estate planning, and if New York residents buy into these myths, it could leave their best laid estate plans in ruin. This article will discuss two persisting myths about estate planning for people who are married, why these myths aren't true and what you need to know about them.
