A perfectly executed estate plan will leave your loved one’s assets to those they care about in a way that aligns with their overall vision. However, there are sometimes issues that draw the validity of an estate plan into question. When this occurs, certain parties...
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Is a codicil enough or do I need a whole new will?
People who have created an estate plan in New York might think that they have done what they needed to do regarding their property and their loved ones and it never needs to be revisited. For many, the simple act of creating a will or other estate planning document in...
Be sure to address these lesser-known aspects of estate planning
When it comes to estate planning, a lot of people focus on their wealth and what they can do to effectively distribute it to their loved ones. This makes sense. After all, you’ve acquired some wealth over time, and you’ll want to make sure that those you love and...
Understanding Medicaid planning
Estate planning can involve many aspects, including creating a will or trust. However, people may not consider that it can also include Medicaid planning. Medicaid overview Medicaid is offered by the government and provides health care coverage. It is intended to be...
What is a health care proxy?
Older adults are often more likely to suffer from medical conditions that impact their physical and mental abilities. As a result of their health issues, many elderly New York residents get to the point where they are no longer able to manage to care for themselves or...
Can filing for bankruptcy hurt my job prospects?
With the impact of a recession and shrinking job market in 2020, many Americans lost income or savings and were forced to live on credit to get by. With high interest rates on unsecured debt, families in Indiana and elsewhere are still struggling to make minimum...
Three ways to avoid probate in New York
When a person in Williamsville is going through the estate planning process, an essential focus of that may be avoiding probate. Probate is the legal process your estate goes through if you do not have a will. Probate laws dictate who will inherit your estate should...
Do these important things after a car wreck
A car wreck is a traumatic event for many people. Even when you don't suffer any physical injuries, it can take a while for your mind to calm down and for the adrenaline levels in your body to return to normal. These impacts can make it difficult for you to think...