A special needs trust can be a great way to ensure that your loved one receives financial support from you without negatively impacting their ability to qualify for key government programs like Medicaid. This can be crucial if your loved one has extensive needs, as...
Modern estate planning uses several different legal devices for accomplishing the intentions of the person making the estate plan. One of the most useful and effective devices is a trust. The general idea of a trust The creation of a trust is fairly simple. The owner...
As parents raise children with special needs in New York, their roles as parents are different than toe roles of parents of other children. Not only may theyrequire extra parental duties when their children are young, but those parental responsibilities may continue...
Through a will, trust, and other estate documents, you help assure that your assets are properly allocated, and your family’s needs are addressed death or incapacity. But it is also important to assure the well-being of our pets who are such an important and beloved...
Many New Yorkers have probably heard that one of the advantages of using a trust as an estate planning device is that it avoids probate. This is true in that property which pass through a trust are not subject to a court-approved process. A trust also continues to...
Estate planning can be complicated. Often, New York residents wish to leave assets to their loved ones, such as family members and close friends. They may choose to pass property onto organizations or even charities. When a person wishes to create a charitable trust,...
You want to take care of your loved one, ensuring their financial needs are met for years to come. You have the assets necessary to accomplish your goal but you’re concerned about turning them over wholesale to your intended beneficiary. Perhaps it’s time to consider...
A lot of New Yorkers are daunted by the estate planning process. It’s not only difficult to think about your own mortality, but it’s also hard to think about how best to leave assets to your loved ones, especially if you’re unfamiliar with estate planning options and...
New York residents have plenty of options when it comes to estate planning. In fact, the wide variety of options is oftentimes the reason that many people put off estate planning for so long – they simply do not know which options to choose. However, a little...