There are many different types of trust you can use as you do your estate planning. You may want to choose things that are important to you. For instance, educational trusts are very common, as they set aside money that heirs are only allowed to use for college...
If you’ve just turned 18, you need to start thinking about your estate plan. You might be thinking that an estate plan is something that only the elderly have, but the truth is that any adult should have some of the basic legal documents for their estate plan in...
Cats, dogs and other companion animals can contribute significantly to your quality of life and your overall happiness. They also create a responsibility that you may not be able to see through to the end, especially if you are already older. You shouldn't have to...
You may have already reached retirement or be looking at moving into an assisted living community in the coming months. At this age, you might think that trying to plan with an estate plan won’t have much effect, because you’re already elderly. Realistically, there is...
You would rather commit personally than involve the state or a church in your relationship. Maybe you have never believed in the institution of marriage because your parents stubbornly remained married despite hating each other. Perhaps your partner had a prior...
If you are looking into setting up long-term care plans, then you need to consider how you’ll access Medicaid. One of the issues that some people run into is having too many assets to qualify for this support, which can mean that they have to spend much of their...
If you’re starting to work on a new estate plan, now is a great time to think about your top estate planning must-haves. Three of those should include your basic will and trust, powers of attorney and a letter of intent. Why do you want to include those items? They...
Estate plans allow adults to protect themselves and others by planning ahead for their future deaths and possible future medical issues. Those creating estate plans often want to pass as much as possible to their closest family members. Parents frequently decide to...
Paying for nursing home care in New York is not cheap. It will cost thousands of dollars a month even for a shared room. While you may have set aside money for years for your retirement, those funds could fall far short of what you need for financial security if you...
When you're considering estate planning, it's best to start by thinking about what you want to accomplish and what you need to do to get there. You focus on the positive steps that you need to take and the things that you're supposed to do. But it's also important to...
