394 Manor Road
Staten Island, NY 10314
Not One Day. Today
call 718.698.2200

Estate Planning

Thursday, November 21, 2019

The Right of Election in New York


Q: Can I disinherit my spouse?

Even in the best circumstances, the relationship between an adult child and their divorced parent’s new spouse can have its rough moments. Nowhere is this more pronounced than in the field of estate planning, as New York and New Jersey estate planning attorneys can attest. 

There is a literal arsenal of estate planning tools for each individual’s personal scenario.
Read more . . .


Monday, November 18, 2019

The Importance of Planning for Incapacity


Q: Why should people plan for incapacity?

New York and New Jersey estate planning attorneys not only prepare people’s wills, but draft several other documents that together make up a comprehensive estate plan. 

What documents are needed when planning for incapacity?

Planning for incapacity is essential in estate planning, regardless of age or health. Not to frighten you, but the stark reality is that tragedy can strike anyone at any moment.
Read more . . .


Monday, October 21, 2019

Pet Trusts in Estate Planning


Q: Do I need a pet trust?


Many people know that one of the most important functions of a last will and testament--also known simply as a “will”, is to designate legal guardians (and successor guardians) for minor children. If you die before your children reach the age of majority and you have not executed a will that designated their legal guardians, a judge will decide who raises your children – – and it may not be someone you would have chosen. A will serves many other purposes, and is the starting point for most customized estate planning in New York and New Jersey.
Read more . . .


Wednesday, October 16, 2019

Understanding How Retirement Benefits Impacts Estate Planning


Q: How do my Social Security benefits impact my estate planning?

Life has a way of creeping up on us. One day we’re just starting out in our 20s and before we know it, retirement is upon us. Are you physically, mentally, and financially prepared for it?

Ideally, people create an initial estate plan when they are young and modify it throughout their lives as their circumstances change – whether it be a marriage or divorce, a birth, an adoption, or a death, the formation of business relationships, and/or the accumulation of significant wealth. 

Whatever phase you are at in your life, if you do not have one in place, you should consult a skilledRead more . . .


Thursday, September 26, 2019

Estate and Trust Administration Issues in Complex Estates


Q: What happens when an estate has many creditors or claims against it?

New York and New Jersey estate planning attorneys and the general public are watching with interest how the administration of the Estate of Jeffrey Epstein will pan out. 

Most people have heard the news reports that the late multimillionaire financier committed suicide by hanging while in jail awaiting trial on “federal charges of sex trafficking minors and sex trafficking conspiracy”. Before his death, multiple alleged victims claimed to have been sexually abused as young teens and several were planning to file civil lawsuits in addition to facing their alleged abuser in criminal court.
Read more . . .


Monday, September 23, 2019

How to Inventory Your Property for Estate Planning Purposes


Q: What is considered “property” for estate planning purposes?

New York and New Jersey estate planning attorneys know how difficult it is for clients to make an appointment to have their last will and testament prepared. One common reason is that nobody likes to think about dying. Another is that some folks are overwhelmed at the thought of gathering and listing all of their assets and debts.
Read more . . .


Friday, September 20, 2019

When Updating Your Will Is Advisable


Q: Why would I need to revise my will?

Nobody likes to think about death or face their own mortality. For that reason, people often delay consulting a skilled New York or New Jersey estate planning attorney to have a comprehensive estate plan prepared. When they finally do it, they may consider the task done forever.
Read more . . .


Tuesday, August 27, 2019

The Importance of Naming Legal Guardians


Q: Who will get my children if I die?

Most people would probably guess that the most popular reason people delay or avoid seeing a New York and New Jersey estate planning attorney to draw up a last will and testament is that many people don’t like to think about their own mortality. Some people avoid it because they mistakenly believe that an estate plan is unaffordable. 

For people with minor children, it’s imperative that they overcome any obstacles though.
Read more . . .


Monday, August 19, 2019

Reasons to Use a Revocable Trust


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 that may be advisable in the person’s particular case, nor does it protect the maker in the event they become incapacitated prior to death.

Comprehensive estate planning through a skilled New York or New Jersey estate planning attorney is personalized to each client’s particular situation and needs.
Read more . . .


Friday, July 26, 2019

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 legal doctrine employed in cases of special-needs or otherwise disabled individuals is guardianship proceedings. Guardianship, also called conservatorships, are legal arrangements to place a protected person under the supervision of a guardian. A guardian may be family, friend, or a court-appointed fiduciary. They are charged with either protecting the disabled person or protecting the person’s property and making important financial decisions regarding that property.
Read more . . .


Tuesday, July 16, 2019

Medicaid Planning Can Protect Assets from Reach of Nursing Homes


Q: Can I qualify for Medicaid?

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 only provides⁠—through a last will and testament⁠—how assets will be distributed after death, but also incorporates other legal documents to plan for incapacity prior to death. These documents include powers of attorney and healthcare proxies that empower trusted family members or friends to make financial and/or medical decisions in the event an accident or illness leaves the client unable to do so themselves. 

Medicaid planning can allow people to qualify for Medicaid—financial assistance from the government⁠—in the event they need long-term nursing home care in the future.
Read more . . .


Archived Posts

2019
November
October
September
August
July
June
May
April
March
February
January
2018
December
November
October
September
August
July
June
May
April
March
February
January
2017
December
November
October
September
August
July
June
May
April
February

← Newer12 3 4 5 6 7 Older →



© 2019 Merlino & Gonzalez | Disclaimer
394 Manor Road, Staten Island, NY 10314
| Phone: (718) 682-7015

Trust & Probate | Education | About Us | Practice Areas

Law Firm Website Design by
Amicus Creative