While we all know that tomorrow is not guaranteed, it is a difficult concept to accept and work with, especially if you have minor children. Estate planning provides the tools you need to anticipate your loved ones’ needs. A comprehensive estate plan details your wishes for how your assets will be distributed. It also enables […]
Read More
Estate planning is a structured approach to anticipating and planning for your future and the future of your loved ones while you are healthy. A comprehensive estate plan ensures minor children have named guardians, you and your loved ones are financially cared for throughout your lifetime and beyond, and you have legal and medical assistance […]
Read More
Trusts can be broadly categorized as revocable or irrevocable, and a New York estate planning lawyer can help you decide which one fits your goals. Revocable trusts are commonly referred to as living trusts because the grantor, or person who creates and funds the trust, can retain control over the trust their entire lifetime. When […]
Read More
Key Takeaways A lien is a legal claim on property that secures a debt or judgment. Liens become public records when recorded with the county records office. Creditors generally must notify owners before filing a lien on property. A title search may reveal liens placed on property without the owner’s knowledge. A lien release removes […]
Read More
If you live in California, you may be able to transfer your real property to your heirs upon your death without going through the probate process. By naming a specific beneficiary or beneficiaries on their deed, a California property owner can transfer ownership of their property to their heir using the revocable transfer on death […]
Read More
A deed is a written document that transfers ownership of a property from one party (grantor) to another (grantee). It defines who owns the property and describes the property that is owned. The person whose name is on the deed holds title to the property. Title is a legal concept, not a legal document. It […]
Read More
As people get older, they may consider adding their child to their bank account or the title to their property. Giving your child direct access to your bank account can simplify bill paying if your child handles those chores for you. It is also a common misconception that adding your child to your accounts or […]
Read More
Welcome to 2025! A new year is a time for optimism and new opportunities. It’s time to start fresh! But making New Year’s resolutions is not enough; you’ll also need to take action to make sure you and your loved ones are prepared for anything the future might bring. Create a New Estate Plan in […]
Read More
Medicaid eligibility requirements in New York are based on income, assets owned, age, disability status, and household size. Applying for Medicaid can be a complicated process, but the program can be a financial lifesaver, especially for low-income adults, adults over age 65, pregnant women, and individuals with permanent disabilities. Medicare is a government-sponsored healthcare insurance […]
Read More
When used in a will, trust, or retirement account, per stirpes is a Latin term that means by branch. It describes how your assets are divided and distributed in the event that a beneficiary passes away before the testator (the person who wrote the will). Following per stirpes distribution, if one of your beneficiaries should […]
Read More
(855) 528-9637