Estate planning can be a difficult legal topic to breach with loved ones because it presumes one complicated and uncomfortable fact: the death of the planner. An estate plan is a set of legal tools that direct the disposition of a person’s assets at the time of their...
Month: January 2021
Intestate succession in New York
Intestate succession is not a legal concept that many New Yorkers are familiar with. It refers to the system of beneficiaries that state law recognizes when a person dies without a valid will. If an individual owns property or assets at the time of their death and...
What can a special needs trust pay for?
If you have a loved one who suffers from a physical or mental disability, then you’re probably worried about their future, especially if you provide them with a lot of support. This consideration should definitely be taken into account as you create your estate plan....
What is the Medicaid ‘lookback’ period?
In New York, in order to qualify for Medicaid benefits, you must have assets below a certain threshold. The threshold is very low, and most people do not want to impoverish themselves just so they can qualify for the benefits they may need for nursing home care. It...