Scenario: I just inherited $200,000, and I am a beneficiary of the government disability programs – what do I do? We have been faced with such questions over our career in New York as supplemental needs trust lawyers. This case comes with several other scenarios that make it complicated. If the person that is receiving…
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After the initial shock of a family member’s death, people usually wonder if they get named in the will. When a loved one dies, the Probate lawyer near me 11765 legally distributes all the assets through the last will. If there is no will of the deceased, then the state intervenes. The probate court distributes…
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Trusts are valuable planning tools for families that have children with special needs in their fold. Many people get distinctions when coming up with a trust, but the trustee ends up making costly blunders that make the whole process null and void. Let us look at these mistakes and what needs to be done to…
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When a person dies, their estate ends up in a probate court. When people deal with probate cases, not all can handle the complications involved in such cases. You can either tackle the situation on your own or hire a probate lawyer near me 11771. The probate lawyer may guide you in the case or…
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When you have a disabled child, you need to make use of a trust that will not make them ineligible for government support. However, we understand that you have a lot of questions nagging at you regarding the trust. Let us look at these questions and clarify them for you so that you move ahead…
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When a person dies, their family members or friends inherit the estate. To legally transfer all the assets, the estate needs to go through the probate court. If the person has a will, then most of the time, the deceased would mention who would be the executor. As an executor, if you want to make…
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Tidbit: You won’t live forever; make sure your special needs child is catered for when you pass away. Throughout your working years, you have made sure that you and your family is living well – you need to come up with an estate plan that ensures your family continues living well way beyond your lifetime.…
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After someone’s death, the person’s estate will go through the probate court. At this time, the deceased could have put your name as the executor of the estate. As an executor of the estate, we will have to do a lot of work, and be ready for the upcoming challenges. But, when a loved one…
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“A simple error can make the whole trust document obsolete.” When coming up with a supplemental needs trust, you ought to be careful and draft it the right way. This is the reason why we encourage you to enlist the services of a supplemental needs trust attorney to help you come up with the right…
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After a person’s death, if you find out that they named you the trustee, don’t worry. Your responsibilities are way less than that of the executor of the will. As a trustee, you will have to administrate the assets after the person dies. If you don’t know what you need to do, then consider consulting…
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