When you’re involved in estate planning, one of the things that comes up is the need for a guardianship. If you have children, then guardianships may be used to define who would take care of them if you could no longer do so. Guardianships aren’t just for children,...
It's hard for anyone to watch their parents decline, but for some people, the experience can be particularly traumatic. Older adults struggling with cognitive function sometimes become despondent and might begin refusing medical care or failing to take care of...
Some people need Medicaid even though they might have few assets in their name. Although qualifying for Medicaid as an older adult usually means needing to spend everything you already have on care, you can qualify for benefits even if you own a valuable home. Your...
Creating an estate plan is an important step to take for your family. It gives you many benefits and options, and you get a chance to think about what you want to happen with your assets. It also helps you to avoid a lot of potential problems. Today, let’s look at...
It remains a decision that you and your family have struggled with and pondered for a few months. What to do about your father, who is losing his memory and shows signs of dementia. The other day, he planned to drive to your house to see his grandchildren. However, he...
Serving as the executor or administrator of an estate means settling all of the obligations of the deceased person. It also means distributing their assets in compliance with their wishes. Some people become so fixated on that second requirement that they don't fully...
There are many reasons why you might suspect that someone in your family would challenge your last will. Perhaps you chose to disinherit one of your children or maybe you know that your relatives will fight no matter what you do. A challenge to your estate could...
No one hopes to disinherit a beneficiary named in their will or trust. Yet, relationships change over time, and you may now find yourself estranged from one of your beneficiaries. Or, the beneficiary in question might have endured personal hardships that could make it...
The Medicaid requirements may appear like an additional indignity when entering an assisted living facility or placing a loved one in long-term care. The majority of the remaining money you have left is liquidated before that Medicaid initiates. Medicaid is...
The birth of a first child is the first time many New York residents think about estate planning. One question that parents often have is if setting up a trust is a good idea now that they have the responsibility of caring for a newborn. There was a time when many...
