In the articles section you can find blogs that discuss all areas of Estate Planning. By going to the articles section and reading some of the blogs you are able to better educate yourself on the different products and concepts of estate planning.
Estate Planning includes:
- Planning for pass through of assets upon death,
- Planning for minors (Setting up guardianship designations or special needs trusts),
- Utilizing tax mitigation strategies (for example the current gift tax exemption),
- Creating a form of asset protection (from creditors and predators or as a form of marital asset protection),
- Setting up healthcare proxies ( giving someone your trust the ability to make healthcare decisions for you in the event you are unable to do it for yourself),
- Setting up Power of Attorney (enabling someone to make executive decisions regarding your assets and finances in the event you are unable to and it is necessary),
- Medicaid or Retirement Planning (Divesting yourself of assets to qualify for Medicaid or Government subsidies),
- End of life planning using living will or last directive (Indicating burial requests and tube feeding or resuscitation in the event it is necessary).
In the articles section we have gone ahead to make it easier for you to find the topic of interest by creating subcategories. Our goal is to make it simple and easy for people to come to our website in order to educate themselves about the different types of trusts for example Revocable Trusts and Irrevocable Trusts or Special Needs Trusts and Supplemental Needs Trusts.
In the articles section you will find the following subcategories:
Estate Planning
In this section you can find a broad stroke of articles/blogs covering all topics related to creating and understanding an estate plan.
Asset Protection
A very common concern for people with families or high risk professions for example doctors, lawyers, policemen, firemen, accountants and so on. Newlyweds seeking marital protection and people with large cash liquidity might also be worried about their exposure and seek asset Protection.
Elder Law
At some point in our lives we are done working and are ready to retire and want to know the best practices for retiring. Here you can learn about pass through of assets, divesting of assets and planning for your final days.
Estate Tax
Here you can learn about tax mitigation strategies.
Guardianship
Here you can learn about assigning guardianship for minors or assuming guardianship over a loved one who is mentally handicapped.
Living Trust
Everyone wants to plan for events while they are alive and not just after death learn more here.
Probate
What happens when someone dies or passes away with a Will.
Revocable Trust
Flexibility when it comes to planning.
Trusts
The different types or forms of trusts and their uses.
Medicaid Trust
Planning for Medicaid and Retirement.
Special Needs Trust
Planning for people with disabilities.
Will
Planning for pass-through of assets.
Will and Trust
Different uses of having both documents a Will and some form of Trust.
If you are shopping around or look for ways to vet an Estate planning Attorney/Lawyer and wish to better educate yourself on the topic the articles section is for you.
When we hear words like ‘revocable trusts’ and ‘beneficiaries,’ we tend to zone out a little. Our only exposure to these terms has probably been American television shows where it is always the wealthy friend who has a trust fund! They walk around in their expensive furs just waiting to turn 21 so they can…
What Counts as Incapacitation in a Living Trust? However morose it may sound, as responsible human beings we must plan for the dimmest future. You may be happy and healthy right now, but that doesn’t mean you are going to be just so forever. One day, like everyone else, you will leave the world, bequeathing…
How to Choose a Trustee for Your Living Trust We meet many people during our lifetimes, but only a few make it into our close circles. If you really begin to think about it, how many of them would you trust with your life on the line? Well, when you’re planning your estate or setting…
Assets That Can and Cannot Go into Revocable Trusts Hearing the term trust or trust fund, do you instantly make a connection with something you might have come across in a movie or TV show where a trust fund billionaire shows off the things they can do because they are rich? Believe it or not,…
Can an Irrevocable Trust Save Me Excess Taxes? An irrevocable trust can have many benefits, including saving you the excess tax on your hard-gained property. Most of us earn our living with the sweat and blood of our labor, and it hurts to pay excess taxes when transferring ownership of our life’s estate to our…
Revocable Trust for Minor Children If you have kids around your house, you know how sweet life is around them. Their laughter and innocence brightens your day, and their love gives you a reason to be joyful. Children always offer a fresher perspective on life by looking at the world with their innocent eyes—often imparting…
Setting Up Trust Funds – A Look into the Differences between Revocable and Irrevocable Trusts Estate planning lawyers in New York have been preaching the importance of what they do for a long time. Among their informative education about estate planning is the topic of trust.Trusts or rather trust funds are a term most people…
The Tough Part of Business: Estate Planning Tips NYC Estate Planning Tips If you are an entrepreneur, you have probably set up your business with your own sweat and blood. You worked hard through the years to improve your brand and make it credible for target audiences. Now, as you stand on the precipice of…
How does One Transfer Real Estate into a Trust? The nature of life itself is such that there are things that can make your brain hurt. Take the example of a Japanese puzzle box. These tiny boxes made of pliable wood, worked to perfection, are beautiful to look at. However, in order to get to…
Incapacity Planning: The Concept and Required Documents Estate planning in Staten Island is, undoubtedly, a tool enabling you to make serious life decisions. It allows you to look after the people you hold dear even when you’re not here. As grim as it may sound, it’s a task that needs to be checked off from…