When you do your estate planning, you want to make it as easy as possible for your heirs to gain access to their inheritance once you have passed. You also want them to be able to skip the probate process when possible. Fortunately, a revocable living trust can help...
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Month: January 2022
Why you should consider a special needs trust
If you have an heir with special needs and you're trying to think about how to put them into your estate plan, it may not be wise to simply leave them money and assets in your will. This is the easiest way to do it, but it can have some unintended consequences....
3 times beneficiaries may want to remove a trustee
Trust administration is largely a boring and technical job. A trustee has to manage resources and distribute them to beneficiaries when appropriate. However, especially if a trust includes significant resources, there is a possible motive for someone to misuse their...
What happens if a buyer wants to cancel the closing?
Trying to sell a piece of real estate is a stressful process. You need to stage your property to make it appealing to buyers and then leave your house so that strangers can go through your space. Then, you have to review their offers to figure out which one would be...
Qualities you need to find in a healthcare proxy
You have the option to designate an agent with a healthcare proxy in New York. This person steps in when you can't make your own medical decisions. They can make them on your behalf, and they legally have this ability so that they can work with your medical team. ...
3 important Medicaid considerations for high-asset adults
Medicaid is a needs-based program, so those who have stable financial circumstances may think they will never need Medicaid benefits. The more personal property you have and the more you have set aside for retirement, the more confident you may feel about your ability...