Okay, so you have finally taken the plunge. You have put the procrastination behind you, picked up the phone, and set up an initial consultation with an [Read More]
Lack of Planning May Enrich State of New York
When you go through life without an estate plan you are taking certain risks. If you were to pass away without executing a last will or some other type of estate planning document such as a trust the state would ultimately be charged with the responsibility of distributing your assets. There are laws of intestacy … [Read More]
Choosing an Executor or Trustee
There is a postmortem aspect to consider when you are planning your estate. Once you decide on a vehicle of asset transfer you have to ask yourself who will be carrying out these wishes that you have recorded on paper. Those who use a last will to state their final wishes must choose an executor … [Read More]
Plan for Incapacity With a Living Trust
One of the estate planning devices that is commonly used to arrange for the transfer of financial assets is the revocable living trust. This tool is utilized by people who would like to avoid probate. What is probate and why would you want to avoid it? Those are good questions that we would like to … [Read More]
Google Afterlife Tool Announced
These days we have an added layer of concerns to address in the form of our digital accounts. Many people conduct a lot of business online, and you may also conduct a significant portion of your social life on the Internet. When you are Inactive Account Manager. You can set it to a particular period … [Read More]
Identify the Right Charity
When you are CharityNavigator.org website. They do a great job putting charitable organizations under the microscope, and you can find out a lot about the accountability and transparency of thousands of charities on their site. [Read More]
Why Should I Have a Revocable Living Trust?
People sometimes make assumptions without knowing all the facts. There are those who do not consider the creation of a revocable living trust because they are under the impression that all trusts are only useful for very wealthy individuals. There are trusts that benefit high net worth families that are exposed to estate taxes on … [Read More]
What Is the Five Year Medicaid Look Back?
The Medicaid program is very important to a significant percentage of senior citizens. This is because of the fact that Medicare will not pay for long-term care. If you need assistance with your activities of daily living, you would be receiving custodial care. Medicare will pay for up to 100 days of convalescent care after … [Read More]
What Are the Advantages and Disadvantages of a Guardianship?
It is important to plan ahead for the eventualities of aging in a pragmatic manner. It may not be the most pleasant thing to consider, but many people become incapacitated late in their lives. Who would handle your affairs in the event of your incapacitation? This is a question that you can answer yourself if … [Read More]
Is Probate Always Required?
Probate is a factor when you are leaving behind final instructions in a last will. If you maintain direct personal possession of your property through to the time of your death, it will become probate property at first. It will not be distributed to the heirs that you name in the will until after the … [Read More]
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