Elder Law And Estate Planning Attorneys You Can Trust
When someone becomes a guardian in New York, they take on serious financial responsibilities. These duties protect and manage the assets of the person they are appointed to help, often referred to as the "ward." Understanding these responsibilities prevents legal...
Creating an estate plan ensures your assets are distributed according to your wishes after you pass away. Deciding between a will and a trust depends on your specific goals and circumstances. Understanding the differences between these tools can help you make an...
An irrevocable trust is a legal arrangement that allows you to transfer ownership of assets to the trust. Once transferred, these assets legally no longer belong to you and will eventually pass to a beneficiary according to the conditions you dictate. This separation...
Long-term care insurance is an important estate planning tool for safeguarding financial stability as you age. It helps cover the costs of extended care, whether in a nursing home, assisted living facility, or even at home. But is there an age limit for obtaining...
Creating a will is a crucial step in estate planning, but it is equally important to ensure its validity. In New York, several factors can render a will invalid, potentially leading to unintended consequences for your loved ones. Let's explore some common issues that...
Guardianships protect those unable to make decisions for themselves, but they may not necessarily be permanent. When an individual regains the ability to care for themselves or other circumstances change, terminating the guardianship might be appropriate....
New York residents may not realize how the state's estate tax could affect their legacy. Unlike most states, New York imposes its own estate tax, which can significantly reduce inheritances. This tax burden matters especially for homeowners in New York, where property...
Annuities can be a valuable tool for protecting assets from the high costs of nursing home care. Understanding how annuities work and their benefits can help individuals make informed decisions about long-term financial planning. How annuities work An annuity is a...
Elderly tenants in New York have specific protections under state law, which can help them remain in their homes even when facing eviction. Understanding these rights can make a significant difference for senior tenants dealing with a difficult situation. Protections...
Blended families face unique challenges when it comes to estate planning. These families often include children from previous relationships and new partners, making it important to create a plan that ensures fairness and clarity. Proper estate planning helps protect...