Probate is the court monitored process of administering an estate after a person has passed away. You may have heard that it can be a good idea to try to avoid probate, which can be accomplished during the estate planning process. At this point, however, you may be wondering why it can be so...
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The Benefits of Funding a Trust with Out of State Property
In addition to estate planning basics such as a will and advance health care directives, you may want to look into adding a trust or two as well. Trusts can vary in scope and purpose, but can come with a number of benefits when properly executed. In order to establish a trust, a trustee...
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Tips for Negotiating Repairs After a Home Inspection
As a real estate buyer, you may be anxious to wrap things up and close on a property. The process can be long and arduous. Finalizing the deal is likely something you are looking forward to with great anticipation. Don’t let the rush to the finish line prevent you from taking important steps to...
Buying a Home? Reasons Why You Should Hire a Real Estate Attorney
Buying a home is an exciting, and often stressful, time! For many, purchasing a home may very well be the single biggest purchase they make in a lifetime. In addition to the financial investment, there is also a significant emotional investment in buying a home, a place where many hope to build memories for...
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What Is the Difference Between a First and Third Party Special Needs Trust?
Everyone should have an estate plan in place. It is a plan that helps protect your best interests and those of the ones you love in the face of an otherwise uncertain future. Because estate plans are such a reflection of a person and family’s circumstances and situation, every estate plan can and should look...
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Common Home Buying Mistakes
Buying a home can be an exciting, albeit an overwhelming and expensive, endeavor. In fact, for many, if not most, people, buying a home will be the single largest purchase they will ever make. Because of the sizeable financial investment people make in a home, not to mention the fact that you are...
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Can You Be Paid as a Family Caregiver?
Being able to act as a caregiver to an aging or disabled family member can be a very fulfilling and rewarding endeavor. Family caregivers are able to make family members more comfortable as they age in place at home. While acting as a family caregiver has its own rewards, it can come with...
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Signs Your Parent May Need to Move to Long-Term Care
Watching our parents age and struggle with everything that can come along with the aging process can be difficult. It can be emotional, nerve-wracking, and anxiety-inducing. Sometimes, the needs of an aging parent may exceed the level of care that family and loved ones can provide. When this happens, it is likely time to...
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What Is a Binder in Real Estate?
The complexities of real estate transactions can hardly be understated. Even those who have bought or sold a home in the past may feel overwhelmed when confronted with another real estate deal. Despite the complexities, however, it can be important to understand some of the basics. This can be especially true considering that...
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Do You Have to Pay Back Medicaid in New York?
Many rely on Medicaid to cover things like the often substantial cost of long-term care. A need-based program, Medicaid benefits are only available to those with limited assets and financial resources that fall below the qualification limits.
In New York, Medicaid can...