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It will fall to your personal representative or your executor to gather all of the assets inside your estate and compare them with any debts or claims from creditors. This information is used to process your estate administration as your estate goes throu ...
In addition to creating a will and possibly even a trust to manage the distribution of your assets after you pass away, you may also need a power of attorney document which is more important for management of your life while you are alive. A power of atto ...
You might have heard the term elder law but are unsure what this really means for your life and for planning purposes. There are many different concepts included under the umbrella of elder law and your meeting and strategy with an elder lawyer can help y ...
In general, you’re able to leave assets to who you want in your estate plan. However, there are some exceptions to this in certain states when it comes to immediate family members like a spouse or children. You’ll need to discuss your estate planning arra ...
If you’re just entering the probate process because a loved one passed away, you might be curious about how long it will take to tie up the loose ends of the administration of the estate. Perhaps you’ve been appointed in the role of executor and other fam ...
If you are in the process of putting together your New York City estate plan, it might be a difficult decision when selecting the executor of your estate. This person might also be known as a fiduciary because of the legal and ethical requirements they mu ...
Each state has a set of interstate succession laws. These apply when someone (the “decedent”) dies, and they did not leave a last will and testament. In that case the courts of the state in which the decedent passed must determine who should receive the d ...
When you pass away, someone must be appointed to manage the administration of your estate. There are a variety of tasks like gathering all your estate assets, notifying creditors, filing final tax returns, and more that need to be handled by someone. If y ...
It's a major Medicaid myth to assume that if you gift money to your children, Medicaid can't take it away from you. Although it's technically true that Medicaid can't take it from you, the state does evaluate all gifts that you've made within the previous ...
When you’re concerned about someone else making decisions on your behalf under an existing power of attorney or your current agent is no longer able to serve, you might want to revoke your NY Power of Attorney. Learn more about doing this in this blog but ...
