Q: Should my estate plan include a revocable trust?
In a nutshell, a simple will is actually not so simple and can often be a costly mistake by people who think they can do it themselves or even inexperienced attorneys. In addition, a will on its own doesn’t take advantage of other estate planning tools...
Reasons to Use a Revocable Trust Continue reading…
Mom of Disabled Man Allegedly Tries to Access Trust Fund
Q: What are the duties of a guardian or conservator?
Special needs planning attorneys specialize in creating trusts that protect disabled individuals from losing their eligibility to government benefits while allowing their loved ones to give or bequeath them money through a trust, rather than directly, so they can live a higher quality of life.
Another...
Mom of Disabled Man Allegedly Tries to Access Trust Fund Continue reading…
Medicaid Planning Can Protect Assets from Reach of Nursing Homes
Q: Can I qualify for Medicaid?
Medicaid Planning Can Protect Assets from Reach of Nursing Homes Continue reading…
No one wants to think about ending up in a nursing home. But New York and New Jersey Medicaid planning attorneys know that the earlier clients plan for the possibility of needing long-term nursing home care down the line, the better off they likely will be.
Comprehensive estate planning not...
When Old Wills Leave Afterborn Children Out
Do unmentioned after-born children have a claim to a parent’s probate estate?
New York and New Jersey estate planning attorneys know that it might take an event as monumental as the birth of a first child to get some people to finally come in and prepare a comprehensive estate plan, including but not limited to...
When Old Wills Leave Afterborn Children Out Continue reading…
Protect Yourself as You Sell Your Home
What is the importance of the seller’s disclosure?
New York or New Jersey homeowners preparing to sell their home will need to take steps to protect themselves. As a homeowner in the area, now may be a great time to sell after several years of home prices steadily rising. You want to ensure you sell...
Protect Yourself as You Sell Your Home Continue reading…
What should my adult children know about my estate plan?
Since they were born, you’ve taken care of them, provided for them, and even though they may be grown and gone-- and may even have children of their own-- the odds are they are an important part of your comprehensive estate plan.
So how much do your adult children need to know-- if anything-- about...
What should my adult children know about my estate plan? Continue reading…
What is digital asset planning?
Seeing a skilled New York and New Jersey estate planning attorney to create an initial estate plan should be on the list of every person reaching the age of majority, regardless of their net worth. Many people erroneously believe they need to have a lot of assets or be married with children in...
What is digital asset planning? Continue reading…
Has estate planning gotten more complex?
Estate planning in New York and New Jersey has changed dramatically over the years as traditional estate planning doesn’t meet the needs of many of today’s modern, blended families.
For example, in the 1950s, when divorce rates were lower, the “standard” estate plan might have had each spouse leaving everything to the other and...
Has estate planning gotten more complex? Continue reading…
Am I responsible for my dead spouse’s medical bills?
New York and New Jersey estate planning encompasses far more than just a last will and testament (more commonly referred to simply as a “will”). Many people know that a will is a document used to designate legal guardians for minor children in the event the maker (or testator) dies while the children...
Am I responsible for my dead spouse’s medical bills? Continue reading…
Do I need a pet trust?
New York and New Jersey estate planning lawyers, as well as the public, will likely always remember the headlines surrounding the late hotel and real estate investment billionaire Leona Helmsley’s estate – – particularly the part where she left a $12 million trust fund to benefit her spoiled little Maltese dog, Trouble.
So, what...
Do I need a pet trust? Continue reading…