As a concerned parent, have you ever wondered what would happen to your kids if you die? The world that we live in is very unpredictable, you never know when you will leave your kids behind with no proper support. If you do not want such a situation to happen in the future, it is…
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:
In this section you can find a broad stroke of articles/blogs covering all topics related to creating and understanding an estate plan.
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.
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.
Here you can learn about tax mitigation strategies.
Here you can learn about assigning guardianship for minors or assuming guardianship over a loved one who is mentally handicapped.
Everyone wants to plan for events while they are alive and not just after death learn more here.
What happens when someone dies or passes away with a Will.
Flexibility when it comes to planning.
The different types or forms of trusts and their uses.
Planning for Medicaid and Retirement.
Special Needs Trust
Planning for people with disabilities.
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.
Taking care of a special needs family member could be one of your biggest priorities. Nonetheless, you may be worried about who will look after your mentally challenged adult member after you are gone. Entrusting guardianship to someone is one of the most viable options that you can look into. A loving guardian may not…
Whenever a child is born with a mental or physical disability, the child’s Guardianship passes to their parents. According to the New York State law, the parents will be the child’s legal Guardians unless he/she turns 18. After the child reaches adulthood and turns 18, he/she can take their decision and manage their lives. But…
Guardianship is a serious matter as it gives authority to make someone else’s decision. Thus the future of somebody lies in the hand of the guardian. The guardian is responsible for taking care of the ward and making his/her decisions. Ward is the person on whose behalf the guardian makes decisions. This is a stressful…
Generally, minors and disabled persons require a guardian who can make decisions on their behalf because a minor is not capable of making his/her own decision as he/she won’t have enough knowledge. A disabled person is incapable of making decisions because of his/her incompetency. The court considers these people who require guardianship as a ward.…
Legal systems understand that some children and adults are incapable of protecting themselves. This can be due to the loss of a parent or some other disability. In such events, the court names a guardian, mainly a family member to manage the financial and legal responsibilities on behalf of the person. The guardians often serve…
An individual needs a guardian when he/she cannot take care of their own needs and are helpless at this stage. Those who have spent all their life dealing with their difficulties and taking care of themselves often find they are no longer able to deal with these concerns. Individuals with a mental disorder also require…
Sometimes, an individual cannot make good, profound choices in their most desirable interests. If situations get so bad, the court must mediate; the court should look for the least cumbersome way to help. Decision – making authority is sometimes wholly taken away from a person for their good. In most cases, the court appoints a…
It is the Probate court that assigns guardianship. Guardianship lets an individual the legal ability to make personal, financial and medical decisions on behalf of the ward. A legal guardian is the one who makes these decisions. A ward is a minor child, or an incapacitated individual with disabilities, either mental or physical that prevents…
Guardianship is an essential legal tool for individuals when it comes to decision making for both adults and minors. A legal guardian can make decisions for or on behalf of the ward. Any disabilities usually impose limitations in decision making, and it is only right for a person to appoint a legal guardian. A guardian…