In many cases, the adults living with the child do not have the child’s guardianship. However, they need to take all the decisions regarding the child. Hence various probate laws are given under New York State law that specifies how to get guardianship. The court makes the guardian responsible after taking care, control and decisions…
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.
Guardianship and Custody both are a relatively similar process for a child’s rights. The differences between them are a bit complicated. You must know the differences in guardianship vs custody matters. What Is Guardianship? For a child’s rights and responsibility, guardianship is a way of any child’s right case. To have the guardianship of your…
Mental illness is a health condition that involves changes in emotion, thinking, and behavior. It can result in the inability of a person to make their own decisions. But you have the power to make decisions on their behalf for applying to become a legal guardian. This event is called the Guardianship of adults with…
We live in a world where there is a cure for many diseases. However, there are some illnesses which do not have any treatment. These diseases are common in older adults and may have a long period at the end of their lives and they suffer due to these diseases. Some adults do not have…
Most people with disabilities can make their own decisions without the need for help. However, suppose a person has a disability, it may affect their ability to perceive information. This could prevent them from making educated decisions. Even with help, they may not be able to function. Hence, they will need a guardian who can…
We may have heard the word guardianship, but not fully understood its meaning. We often end up asking ourselves the question. What is Guardianship? A lawyer explains in detail. A Guardianship is a legal appointment. A court decides this appointment. The disabled person called a ward could be mentally indisposed. Before seeking out guardianship confirm…
Alzheimer’s is a mental ailment, unlike physical disease, and you have to deal differently with it. It strikes at the heart and has prominent effects on natural abilities. People suffering from Alzheimer’s lose control over their thoughts. Their logical thinking and decision-making capabilities get affected tremendously. The symptoms of this disease appear among the older…
Till the child becomes 18 years old, parents take care of all the necessities. They manage finances, health care, education, housing, caregivers, development of other life skills, almost everything you can think of. Once they turn 18 years, they acquire the right to make major decisions about themselves. The law gives them this right. But…
What is a legal guardianship? When the court appoints a person to take care of another person and make a decision on his or her behalf, the court-appointed person is termed as a legal guardian. The court grants them the authority to care for their ward’s personal, educational, medical, and property interests. To be more…
You can avoid probate on your condo when you pass it on directly to the heirs using joint ownership, a revocable living trust (RLT), or a transfer-on-death (TOD) deed. If you don’t do any of these things early enough, your condo will end up in probate – with or without a will. Enlist the services…