A transfer on death account is a tool that you can incorporate into your estate plan. Below, we talk about exactly what a transfer on death account is, how it works, and everything else you need to know to plan your estate and protect your family’s future. Before we look at transfer on death accounts, […]
Estate Planning
What Is a Totten Trust?
You sometimes receive advice from people that have good intentions, but they have an incomplete understanding of the subject at hand. When you blindly believe what they say, you can make mistakes that yield negative consequences. This is quite common in the estate planning realm. There are those that suggest simple solutions that may not […]
Five Things You Should Know About Probate
Probate is the legal process of “proving up” a Will in the state of New York. If you have never looked into the subject, you may assume that the executor that is named in a will can distribute assets to the inheritors without any government supervision. In fact, this is not the case at all. […]
Follow These Steps to Put an Estate Plan in Place
Year after year, surveys show that most American adults do not have an estate plan. One survey asked unprepared respondents if they thought that estate planning was important, and over 60 percent of them said yes. Why do they fail to act when they know that they should? The most common reason is a simple […]
Estate Planning Mistakes Can Damage Your Legacy
We sometimes speak with people that have been negatively impacted by the estate planning mistakes of their deceased loved ones. These situations are disturbing because they could have been easily avoided. In an effort to spread awareness, we are going to share a few of these commonly made estate planning errors in this post. Automatic […]
New York Community Medicaid Look Back Update
New York Community Medicaid does not have to be an item of mystery.  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 ones. Before we focus on that information, we will explain why this program should be […]
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