In 1993, a monumental change was made by the United States Congress, affecting the landscape of estate planning. It was in that year when Congress granted special needs trusts a legal status. This allowed parents, family, and other interested parties invest in the well-being of a person with disabilities. As defined in Section 7-1.12 in…
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…
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,…