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Tips for when to update an estate plan
People in New York may want to consider revising their estate plan when they undergo major life changes, such as the birth of a child or a divorce. However, there are other situations that could also prompt the need to change an estate plan. For example, if a child is...
How to file a probate case
When an individual in New York or any other state passes away, it may be necessary for that person’s estate to go through probate. If an estate is subject to this process, a probate petition will be submitted to a court in a jurisdiction where the person lived or...
3 benefits to creating an advance directive
As you go through life, you develop opinions on the type of medical care you think is appropriate for you. Whether you never go to the doctor or keep regular appointments, you have wishes for the care you prefer to receive. But if you find yourself incapacitated and...
How to get started on an estate plan
Estate planning is vital for every New York family. Unfortunately, many people are under the impression that estate planning is difficult and burdensome. However, advance planning and education can help take some of the mystery out of estate planning, making it easier...
Important considerations when creating an estate plan
Many New Yorkers put off the estate planning process because they think they have too few assets to bother. However, an estate plan is important for all adults who want to have the final say in how their assets will be distributed. It can also appoint people to make...
The steps creating an estate plan
Some people in New York might have procrastinated on creating an estate plan. It can be a complex and emotionally difficult process, but some people may be prompted by a milestone, such as marriage or the birth of a child, to do so. The first step in creating an...
How can a power of attorney help business owners?
As a small business owner, you have a hand in all your day-to-day activities. Your may not have the resources to delegate responsibilities to employees. Or you may just like to ensure that things are done properly. Either way, without you, your company would have a...
What you should know about the Medicaid look-back period
Unlike Medicare, which is an age-based government insurance program, Medicaid is an income-based program intended to help those who cannot cover the cost of their own medical care. There are restrictions on assets and income for Medicaid that don’t exist for Medicare....
Estate planning after divorce: Don’t let your ex get it all
When you divorce, a lot of changes occur in your life. You might change your address. You might change your last name. But you definitely should consider changing your estate plan. That’s because while you’re in the process of divorce, or even after it’s final, your...
Estate planning to help your grandchildren
As a grandparent, you know that the love you have for your grandchild is unique. You want to do everything in your power to help them through all stages of their life. You know that you may only be around to do so when they’re young, but that’s where estate planning...
