From turning old doors into tables and fruit crates into shelving to doing your own landscaping, the world of DIY has seen stupendous growth and popularity in all kinds of niches. The number of people binge-watching HGTV and other similar programming is growing. When DIY is kept to the limitations of crafts and Pinterest projects,…
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.
The landscape of estate planning in Queens can seem quite intimidating and foreign to somebody who’s never come across it. From basic concepts to legal requirements and fundamentals surrounding wills can be a new territory for them to study and understand. Naturally, the importance of having a will pushes them to seek answers for questions…
A will is a legalized document which allows an individual to express their wishes as to how they want their estate to be distributed after they pass. The will-maker is known as the testator. The testator names one or more persons in-charge of their estate until it is finally distributed. Writing a will is essential,…
Disability and incapacity are, for the most part, unforeseen incidences. There is no one in all the five boroughs in New York who knows with certainty that they will be incapacitated in the future. Catering for long-term care needs and nursing home costs can be quite expensive for some people.In the United States, Medicaid is…
“The trouble with the law is lawyers.” “The Sophisticated Country Lawyer” Clarence Darrow was among some of the most notable lawyers of the 20th Century. Besides being involved in some of the most monumental cases, Darrow’s natural eloquence made him a prominent attorney and civil libertarian. The quote above comes from him. With all his…
All our lives, we plan our lives so that we can make the most of it. One of the items on this planning to-do list is preparing for the inevitable arrival of old age. We all know it’s going to happen. You may even have thought about eventually retiring to Boca, loving your life in…
There is a lot of stigma, taboo, and existential fear associated with death. There is not really a need for an explanation why this is so, but yes, passing away and leaving the mortal world can be a daunting thought, to say the least. However, the fact of human mortality should only convince you to…
Estate planning in Staten Island is not really an easy job to do. You have to pay all these costs, spends hours with an attorney and make tough decisions about your life’s earning and whom it should go to. Also, the constant lingering thought of your own death or incapacity is not exactly fun. However,…
No matter what you may have thought before, trusts aren’t only useful for people like Jeff Bezos or Bill Gates. In fact, their terms can also be beneficial to those with a reasonably valued estate. Your spouse, children, and other loved ones are close to your heart. You trust them blindly and would love to…
Retirement is inevitable—sooner or later, you will have to decide for a time when you are no longer able to earn. If you want to keep taking care of your needs without relying on others, you need to have a comprehensive estate plan in place that manages your funds in the best possible way. Some…