When planning your estate and financial issues, you should also consider including plans for your medical wishes should you become ill or incapacitated. An advanced directive may include several different facets that address and carry out your health care plan either...
New York has strict regulations regarding estate planning. It is highly recommended to have a detailed estate plan to protect your assets. Understanding these regulations will help you better navigate the best course of action to ensure your assets are handled in the...
Digital assets are an important part of our everyday life. We have personal accounts like email, banking, social media, and cloud-based storage as well as business accounts like websites and blogs. These assets include pretty much anything we access online or using a...
Whether you are a new pet owner or you have had pets your entire life, your animal is likely a significant part of what makes your life whole. They interact with you on your best days and your worst and always understand how you are feeling. Your estate plan is a way...
Sometimes, a chosen executor may not feel capable of this responsible role of settling an estate. Or other times, that person may take a flippant view of these duties. In either scenario, mistakes are possible. Some of those mistakes may be unintended, while others...
Recent changes occurred to the New York estate tax legislation in 2019 concerning Qualified Terminable Interest Property (QTIP). The following will focus on what a QTIP trust is, the benefits of a QTIP trust, and a summary of the estate tax legislation enacted in...
A power of attorney is a signed legal document that gives a trustee or person the legal authority to act and make decisions on your behalf when you do not have the capacity to make decisions. For example, you may want someone to act on your behalf if you are...
Elder law focuses on the legal rights of senior or disabled persons. The elderly are at risk of abuse by their family members or caretakers. Therefore, elder law protects them from any form of exploitation or harm, including financial, physical, verbal, or...
When a person is 65 years of age or older and needs health care insurance assistance or cannot afford to pay for medical care at all, Medicaid is there to help. However, to be eligible, there are certain qualifications that a person must meet. Qualification for...
In Brooklyn, NY, estate taxes are imposed by the federal government and state governments on transferring a person's assets or property upon death. These taxes apply to all inherited properties even if the decedent has an estate plan or will. In most cases, the...
