When a person dies, they leave their estate behind for the heirs. Sometimes the estate is significant, and you cannot divide without the help of an administrator. So, an individual called an executor enters the probate process. They can also be an institute that takes the responsibility of the division of the estate. If a…
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.
It is common knowledge that the probate process is one of the most complex and complicated legal processes. Not everyone knows what exactly happens during the whole process. This is because nobody prepares themselves for such scenarios, and nobody teaches us about the probate process. Suddenly, we receive bad news, and we will never get…
A person who follows the probate process is called an executor. An individual receives the role of the executor in two ways. Firstly, you can receive this role by the decedent, as he/ she will appoint you in the will. Secondly, a court can appoint you to divide the estate responsibly. As an executor, your…
Before you die, you can declare your intentions on a legal document called a will. As the testator, you can specify your wishes in this document. Moreover, you can name an individual called an executor to fulfill these wishes. Probate is a judicial process that divides an estate to the nominees in the will. The…
In case you’re searching for information on the most proficient method to acquire a grant of probate, you must have encountered the demise of somebody in your life. Following the passing of a family member is upsetting enough without adding legal work, you will have to do if the Will names you as an executor.…
Probate process is a process presided over by the court that initiates place after a person’s demise. The process can be easily divided into a few steps that help determine how the assets of the deceased will get distributed among the beneficiaries. According to the New York law for probation, when a person leaves for…
When a loved one or a family member passes to the death realm, sorting their affairs can be painful. Surely going through the grief, it is hard to manage all the burden that falls upon their family. Probate Is one of many things you may have to go through upon their death. So it would…
Probate is a process by which a deceased’s descendants can inherit their will. The will may include their assets, estates and other financial properties. Lots of people do not have enough information about the probate process. God forbid if you lose a loved one, then you will have to file for probate eventually. Probate is…
Filing for probate is a morbid process in itself. Surely losing a loved one is already hard for the family, and filing for probate going through the grief can be tricky. You need to make sure many things are on point if you want to get it right. To start things off, probate is the…
Probation is a process of executing or implementing the will of a person after he/she dies. The will gets executed according to the instructions of the deceased. Through the probate process, the worldly possessions of the deceased get transferred to its beneficiaries. The will mention the ratio of distribution among the beneficiaries. Persons should consider…