An individual creates a special irrevocable trust in their lifetime in order to hold title to various assets that they own. This special trust is known as a Medicaid trust. It enables you to select your trustees and live peacefully in your personal property. In the New York City, the average expense of old age…
Creating a Medicaid trust in New York comes with a lot of advantages. It allows you to keep your estate out of the probate court, helps you keep your assets out of the reach of a creditor, etc. If you do your Medicaid planning way before time with the help of an elder care lawyer,…
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…
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…
There is probably no human being on this planet who hasn’t thought about their death. Yes, the idea is quite morbid and unsavory, but seeing that is inevitable, it tends to cross the mind at least once. When we’re younger, the thought has its own angst nuance about it. However, adults have it a little…
Back in the day, the American dream for the ideal family involved heterosexual couples with two kids – a girl and a boy – standing smiling in front of a white picket fence home. The reality is far from it. Today, families come is all types of packages. You have your average American families, LGBTQ+…