At this informative seminar, you will learn about a variety of housing options available for seniors, including 55 & 65 over communities, condominiums, cooperatives, independent living communities, community care retirement communities (CCRC), and assisted living facilities. You’ll gain a comprehensive understanding of the benefits and drawbacks of establishing a Medicaid...
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Why You Still Need a Will with a Living Trust
Many people believe that creating a living trust is the final step in a comprehensive estate plan. While it's true that a trust is a powerful tool for managing your assets and avoiding probate, it doesn't entirely replace the need for a last will and testament. Think of a will...
Senior Housing Options & Trust Asset Protection for Your Home
At this informative seminar, you will learn about a variety of housing options available for seniors, including 55 & 65 over communities, condominiums, cooperatives, independent living communities, community care retirement communities (CCRC), and assisted living facilities. You’ll gain a comprehensive understanding of the benefits and drawbacks of establishing a Medicaid...
New York Transfer on Death (TOD) Deed Pitfalls and Why Trusts Are a Superior Estate Planning Tool
Planning for the future is one of the most important steps you can take to protect your loved ones and ensure your wishes are honored after your passing. For property owners in New York, a relatively new option called the Transfer on Death (TOD) deed has gained attention as a...
5 Common Estate Planning Mistakes to Avoid
Estate planning is a vital step in ensuring that your assets and wishes are properly managed and honored. Yet, many people overlook crucial details that can lead to significant challenges later on. By being aware of common estate planning mistakes, you can avoid unnecessary stress and safeguard your legacy. Here,...
Avoiding Probate in New York with a Trust
Estate planning is more than just managing finances; it’s about ensuring your loved ones are taken care of and your wishes are honored. One of the most effective tools for simplifying the process and protecting your family after your passing is a trust. Specifically, a trust can help you avoid...
Do You Need to Plan for the Disposition of Remains in New York State?
When thinking about estate planning, many people focus on their financial assets, real estate, and possessions. Yet, one crucial aspect often overlooked is planning for the disposition of remains. While it might be an uncomfortable topic, taking the time to make these arrangements now can significantly reduce stress and confusion...
Can I Sell a Home in an Irrevocable Trust in New York?
Estate planning brings countless questions, especially when it comes to protecting your most valuable asset—your home. For families on Long Island considering irrevocable trusts, one common concern is, “Can I sell a home that’s part of an irrevocable trust in New York?” The short answer is yes, but the process...
Do Trustees Get Paid? A Guide for Estate Planning Clients
When setting up a trust, one common question people ask is, “Do trustees get paid?” The short answer is yes—but how much they get paid and how it is determined depends on various factors. Whether you’re appointing someone as a trustee or considering serving as one yourself, it’s important to...
Durable Power of Attorney in New York: Everything You Need to Know
A Durable Power of Attorney (DPOA) in New York is a vital legal document that empowers an individual, known as the principal, to authorize another person, referred to as the agent or attorney-in-fact, to handle their financial and legal affairs. This arrangement remains effective even if the principal becomes incapacitated,...