For some people, estate planning is synonymous with drafting a will. Wills are certainly important documents that help protect dependents, establish a beneficiary's right of inheritance and allow a testator to choose the personal representative of their estate....
Probate court helps to ensure that families follow an estate plan created by a testator. They can also help families manage the distribution of resources when an individual dies without an estate plan. The probate courts provide oversight and also create an...
Many people don’t realize just how many accumulated assets they have until they develop their estate plan. Between real estate, retirement accounts, investments, etc. personal wealth can add up to millions of dollars. That’s not counting inheritances, which may...
Guardianship can provide essential legal protections for an adult with special needs. Establishing a strong guardianship plan helps ensure the individual receives proper care, financial management, and support throughout their life. Here are the key steps to create an...
People preparing for retirement often fantasize about traveling and spending more time with their families. It's easy to get swept up in the excitement and romance of retirement instead of addressing practical matters. Those who begin retirement with a proper...
Medicaid is a financial and medical safety net for people with limited resources. People of all backgrounds may potentially require Medicaid when they have significant medical expenses that they cannot afford or cover with other types of health insurance. Many older...
For many people, estate planning becomes a necessary process when they achieve professional success or start a family. For others, medical challenges may be what inspire them to plan for the future. Estate planning allows someone to authorize a person they trust to...
Creating an estate plan is one of the most important things adults can do to help provide for their loved ones. If you’re setting up an estate plan, it’s critical that you fully understand the options you have available to pass your assets to your beneficiaries. For...
Many details of an estate plan do not directly affect a testator. They draft documents with the goal of protecting their loved ones rather than the goal of benefiting directly from them. Of course, people do have the option of creating documents that protect them in...
Many New York estate plans focus on the distribution of property. Choosing beneficiaries and determining the best way to divide property among them is an important element of any comprehensive estate plan. That being said, people also have to choose trusted...
