Before we look at transfer on death accounts, we should explain what probate is and why people avoid it. Transfer on death account A transfer on death
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After my first meeting with Mr. Khalsa I knew I had found a competent, knowledgeable attorney. What I did not anticipate was that I would find a wonderful friend. Mr. Khalsa worked through the difficult challenges I faced with his superior understanding of Estate Law; and exuded great kindness throughout this process. He is unique in terms of his generosity of time and compassion.
Protect Your Loved Ones Future
When a solid estate plan has been created, you will have peace of mind knowing that your children will be cared for by assigned guardians or taken care of financially when you are no longer here. Your family will not have to endure the probate process or a lengthy legal battle with other family members or acquaintances when an estate plan is in place. You also don’t have to worry about who your children will live with or if the state will take your property. You should still educate yourself regarding estate planning and choosing the right attorney goes a long way in this process.
The Khalsa Law Firm provides compassionate, experienced estate planning services to clients throughout New York. Our team understands that this is a difficult conversation to have with your spouse and your children. We will guide you through the process from start to finish so that your wishes are taken into account with everything we create. It’s important to have the right information at your disposal when making difficult decisions about the future that involves you, your spouse, and your adult children.FIND OUT MORE
Avoid Going Broke From Nursing Home Costs
Applying for government benefits is challenging. You might be denied on your first attempt, but you should never give up. An elder law attorney can review your application before filing to make sure it includes everything the government requires. If items are missing, our elder law attorneys can help edit the application so that it meets the government requirements.
Elder law is a complicated area of the law that often goes overlooked. Our firm can help you choose the right nursing home or assisted living facility for your elderly parent. This decision is difficult enough as it is. Choosing the wrong facility could lead to legal issues you never thought you’d deal with during your lifetime. .
Our experienced lawyers help clients qualify for benefits issued by the government while ensuring their estates are handed down to family members instead of the majority of it being used to pay for nursing home or assisted living facilities. Consult with a New York elder law attorney today to protect your parents.FIND OUT MORE
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Gift Tax: Does this Exist at the State Level in New York? You should gain a good understanding of the potential taxes that can be levied on your estate when
On December 20, 2019, the SECURE Act was enacted. It changed some of the individual retirement account parameters, and more adjustments are on the way. We will
Imagine getting into a conversation with the person sitting next to you on a cross-country flight. She tells you that she is an estate planning lawyer, and she
In this post, we are going to share some news about the Community Medicaid program because it will be of interest to informed senior citizens and their loved
This is the second in a two-part series on Roth IRAs. The first part reviewed the basics of Roth IRAs. Read on to learn more.
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