How a Living Trust can Help You Avoid Probate The term, “probate” is scary for many people. They immediately think of courts taking away property or other horror stories that have been misinterpreted over time. The simple definition of probate is the legal process courts use to confirm a Last Will is valid, settle the…
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.
Time for Estate Planning We all work hard during our lifetimes. We work hard to get the best education possible. We work hard to advance our careers. We work hard to provide comfort and security for our family. Why not continue in the same spirit by addressing our Estate Planning? We get so busy living…
Why do I Need to Hire a New York Probate Lawyer? When you act as the executor for a loved one’s estate, you can feel overwhelmed. It is a daunting task for most people both logistically and emotionally. To begin with, the distribution of a loved one’s estate entails going through every single item. Why…
ABOUT SPECIAL NEEDS TRUSTS ATTORNEYS IN BROOKLYN A trust is a relationship where a property is managed by a person for another person’s benefits. The person who is managing the property is called the trustee whereas the person who receives the benefits is called the beneficiary. There are different types of trusts. One type of…
Living the Bachelor Life—Estate Planning for Single People Many people wonder if they even need Estate Planning on Long Island if they don’t have a spouse or kids. Let us give you a clear, unequivocal answer: yes, you do. Regardless of your family situation and circumstances, you should make a comprehensive estate plan. You need…
Do(n’t)-It-Yourself – The Case Against DIY Estate Planning The advent of Pinterest and shows like Home Improvement has given the term “Do-it-Yourself” a plenteous boost. The popularity is trendy to the point of making several YouTubers and social media persons millionaires. How? They just have to be consistent with various DIY niches in fun, quirky…
The Don’ts of the Estate Planning – Common Mistakes to Avoid When humans visualize a future for themselves, they think about events and milestones such as career success, having a partner(s), children, pets, owning a home, etc. You think about a future where you grow and become better than what you are today. From this,…
Uncomfortable Conversations – Talking to your Parents about Estate Planning Even though it may sound a bit grim, but the eventual end of life is the only thing it guarantees. No living being can really escape it, we will all die someday. The fortunate ones out of us do it when they are old and…
5 Reasons for You to Update Your Living Trust When you have finally settled down on the couch after that meeting with your attorney, the last thing you want to talk about it updating your living trust. We know what you’re thinking. It’s hard enough getting around to creating an estate plan the first time…
Going Back to the Basics—What is a Trust? When we’re children, we look up to adults as a repository of knowledge. We listen to them because we think they know what they are doing. And we believe that one day something will click, and we will be as self-assured as all those adults around us.…