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...
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...
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...
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...
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...
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...
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....
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...
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...
The Secure Act went into effect on Jan. 1, 2020, and that has some major consequences for long-term financial planning and estate plans. Here’s what you need to know about how things have changed. It’s easier to have a retirement plan The Secure Act actually provides...
