When events or unexpected developments occur, you may rethink the trust you have created or even wish to revoke it. Although it may be possible to revoke a trust in certain instances, it is important to consider the consequences and ensure you take the proper steps to...
In today's society, most people have a significant digital footprint. From social media to payment accounts, cryptocurrency, and music libraries, there is a wide range of assets you access and enjoy each day that is not part of your traditional estate planning...
Identity theft and scams continue to plague the nation in epidemic numbers, and seniors are among the prime targets. The FBI reports that in 2022 those in the over-60 age group lost over 3.1 billion dollars to scammers, an increase of 84% over the prior year. Many...
One of the goals of estate planning is to reduce tax implications for your beneficiaries after your death. If your assets are over the estate tax exclusion, it is important to be aware of your options and common mistakes that people make when estate planning....
High Deductible Health Plans (HDHPs) are a popular choice with Americans who buy insurance. When combined with the tax benefits of a Health Savings Account (HSA), you can feel less anxious about the possibility of a healthcare emergency. When creating your estate...
Applying for Medicaid can be overwhelming. This process becomes more confusing and stressful if your application is denied and you don't have additional financial resources to cover your medical bills. Thankfully, there are several options you can pursue to seek...
Real estate can serve as more than just a family property. It can serve as a valuable legal tool to diversify our investments, including vacation properties, rental homes, and commercial units. Because of the high value involved, it is wise to take care when planning...
Elder financial abuse or exploitation happens to millions of elderly adults every year. You may be unaware of this exploitation and not discover it before it is too late. Here are a few tips on how to spot this abuse and what you can do to protect your elderly loved...
When a parent passes away and leaves behind an estate that contains assets and debts, you may need clarification about what you are responsible for. As the beneficiary, do you have to pay off your parent's credit cards and mortgage? It depends. Two kinds of debt There...
When a person dies without leaving a valid will in New York state, the assets of the deceased are divided up according to the laws of intestacy. If a person dies intestate and has a spouse and no children, the spouse inherits everything. If a person dies intestate and...
