Elder law attorneys assist clients that are concerned about the eventualities of aging. There are between 10,000 and 15,000 applications for Social Security being accepted every day because of the aging of the baby boomers, so our services are in great demand. The most pressing issue that we are dealing with at the present time […]
It is important to work with an estate planning attorney when you are developing a plan, because you want to act on complete and accurate information. Sometimes bits and pieces are passed around by laypeople, and this can lead to costly mistakes. With this in mind, we will look at the legal device called a […]
Why do you have a “Last Will and Testament.” Even Estate Planning attorneys are unlikely to know the etymology of the term. It was the subject of a recent question on “Jeopardy.” Read on to learn more.
Disclaimers can be a good way of getting assets where you want them to go. If the disclaimer is a “qualified disclaimer,” the client isn’t treated as having made a taxable gift. Sometimes a “double disclaimer” is necessary to achieve the desired outcome. Read on to learn more.
Disclaimers can be a good way of getting assets where you want them to go. If the disclaimer is a “qualified disclaimer,” the client isn’t treated as having made a taxable gift. This can be a great result for the client in the right circumstances. Read on to learn more.
When an estate is being transferred, the inheritors are receiving income in a sense, so people have questions about income taxes on bequests. In addition to this situation, you may have heard about estate taxes and inheritance taxes. All this can get pretty confusing, and in this post, we will provide the facts so you […]
You may hear people talk about probate avoidance when the topic of estate planning is casually discussed. This is the legal process of estate administration, and it will enter the picture when personally held assets are being transferred through the terms of a will. In New York, the Surrogate’s Court handles probate matters, and this […]
There are different approaches that can be taken when you are planning your estate. The right way to get assets into the hands of one person may not be appropriate for the next. This dynamic will definitely be present if you have a person with a disability in the family. Government Benefit Eligibility A very […]
If you want to be able to leave a suitable legacy to your loved ones, you have to avoid extreme costs that can have devastating impact late in your life. Nursing home bills would fit this description, and unfortunately, Medicare does not cover custodial care. Medicaid will pick up the tab if you can gain […]
The simple will is the estate planning document that everyone has heard about, but many people harbor misconception about wills. In this post, we will share four important pieces of information about these documents so you can go forward with a renewed understanding. Basic Requirements Obviously, you can use a will to state your wishes […]