When a person dies, a person should present the estate in the probate court. Probate is a court process to authenticate the will of the deceased. The main job involved in a probate process is locating the assets, paying off the debts and taxes, and transferring the remaining valuables to the beneficiaries. A lot of…
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Stat: 11.4 percent of Americans are disabled. Life becomes more intricate for families that have a loved one with a disability. They have to go through many challenges to make sure the person is well taken care of, from getting the right school for the child to sourcing for the right medical care. It is…
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According to the law, no assets can be under the name of a deceased person. When a person dies, the law requires these assets to get transferred to their new rightful owner. If the person did not make any will or a trust, the assets still need to go to someone within the family. Probate…
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Fact: The US has over 2.7 million children living with a disability. Congratulations on accepting the appointment to act as a trustee for a supplemental needs trust. This tells you the trustor has a lot of belief in you and your capabilities, and this is why he has given you the ability to act as…
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When someone dies, it is very common that all the assets go through the probate court. However, sometimes the probate process can become expensive and time-consuming. If the properties are high value, then the process can get even more complicated. The process itself can often become unmanageable due to various filings requirements. Therefore, many people…
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If you have ever thought of coming up with a trust for your special needs child, then you need to start doing it now. You might be dragging your feet because you aren’t sure of what to do or where to start. Let us look at what to do to come up with one the…
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When a family member dies, you expect to receive all the estate through inheritance. The process of succession is quite long. Sometimes it might even last for a few months. The process takes a lot of time because the will and the estate should go through probate. Probate is a legal court process that determines…
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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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