5 Reasons to Update Your Estate Planning Every estate planning attorney in Manhattan knows that many people are notoriously lazy when it comes to updating their estate plans, while others think that they do not need to change anything in their current plan. “I already have one, and it won’t go anywhere, so why would…
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.
Debunking Lies – 6 Myths about Estate Planning Busted Currently, more than 60 percent of American adults are cruising through life without an estate plan. The reason behind this varies from person to person, but it’s not too hard to understand why people procrastinate or avoid settling their affairs. The thought of not being on…
3 Ways to Avoid the Probating Process in Long Island No one wants to work hard for their money just to lose it in fees or taxes. Most people honestly just want to leave something to their kids and other family members and loved ones. There are those who work all their lives just to…
What Kinds of Circumstances Warrant the Help of a Long Island Probate Lawyer? If you talk to just about anyone who’s been through the process of probating, they will tell you how stressful it can be. There are so many appointments to keep, documents to be filled out and signed, and new legal jargon for…
Ways a Probate Attorney can Help an Executor Choosing whether or not to hire a Brooklyn probate lawyer can be a difficult decision if you’ve been made the executor of an estate. Even if they don’t want legal assistance at the first, eventually, many decide to hire an experienced attorney in Brooklyn to help them…
5 Ways You can Avoid Hiring a Long Island Probate Lawyer One of the first questions a person asks when a loved one dies, is if they will need a Long Island probate lawyer. In most cases, they will be beneficial and help the process move along more smoothly. However, if you and the other…
5 Reasons You Need to Hire a New York Probate Lawyer If you have a family member or someone close to you who just died, you may be hearing new words like estate, probate, and executor. These terms can be very confusing to those who have not learned much about the legalities of the probating…
5 Mistakes Commonly Made During the Probate Process The process of going through the probate courts can raise a lot of questions in families. A lot of these questions revolve around the fiduciary. A Queens probate lawyer can help answer many of the common questions. Maybe you’ve wondered when the fiduciary is supposed to get…
4 Key Mistakes Executors Often Make During the Probate Process Most people just aren’t prepared when they are named the executor of a will. Oftentimes, they are unaware of how probate even works. Not only are they worried about making mistakes, but they are also not sure what to do or when they are supposed…
Avoiding the Inevitable – Reasons People Delay Estate Planning Human beings, for the most part, love their lives. We plan and keep planning for all the big milestones to come ahead. When we’re younger, our plans for the future consist of planning school dances, where we’ll go to college, and the people we’ll meet and…