In an ideal world, your estate planning would go smoothly, with your family members knowing what to expect as far as inheritances are concerned and without and quibbles over what each individual receives from your estate. Yet, if you’re like many New Yorkers, then you...
Month: August 2024
When is an estate eligible for a small estate affidavit?
Laws surrounding probate and other associated legal procedures can vary by state. In most cases, alternative legal options, such as a small estate affidavit, are available if the deceased's estate meets specific conditions. This more straightforward and quicker method...
What you need to know about Medicaid Asset Protection Trusts
Understanding asset protection and healthcare eligibility can be challenging for many individuals. A Medicaid Asset Protection Trust (MAPT) offers a strategic solution to this dilemma, allowing for the preservation of personal wealth while maintaining eligibility for...
Should a trust be included in your estate plan?
An estate plan in New York can include more than a will. Many people choose to set up a trust as part of the estate planning process. Contrary to what you may believe, trusts are not only for rich people or people with many high-value assets. A trust can be a valuable...