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If you are about to purchase a piece of real estate, then it is important to slow down and consider what would happen if something went wrong. However great the property may look to you, there may be issues you cannot see that could cause you to reconsider. You might...
A health care proxy grants someone extensive power over your medical care. When your doctor formally determines that you are unable to make medical decisions for yourself, your proxy steps into your shoes, making medical decisions as if they were you. However, this...
If you have been diagnosed with a terminal illness or have concerns about your future healthcare, advance care planning can help make sure your wishes are known and respected. Advance directives are a critical part of this process, allowing you to document your...
Creating a will involves making many critical decisions. However, one of the most important ones you will make is choosing your executor. This choice goes beyond mere formality. An executor is the person you appoint to manage your estate after your death, and they...
Medicaid plays a key role in helping elderly individuals get much-needed care coverage. However, it can feel like you're jumping through hoops to ensure you remain eligible for the program due to its strict income requirements. Thankfully, some assets don't count...
A life insurance policy is an excellent way to leave financial assets to your family. If you pass away, you can provide them with financial security. Many people purchase life insurance policies when they become new parents. Even if the policy isn’t needed for...
In New York's bustling environment, business owners are constantly seeking ways to safeguard their assets and ensure smooth operations. One such method is through the use of a business trust, which can provide numerous advantages. Here are several ways a business...
Most people have full control over their daily lives and resources once they turn 18. Adults have an obligation to provide for themselves and often take pride in living an independent lifestyle. Unfortunately, not all people who are legally adults can maintain that...
When drafting an estate plan and addressing long-term care needs, many people are wary of the expense of a nursing home or an assisted living center. Additionally, they may be interested in staying in their own home for as long as possible. As a compromise, they will...
When it comes to estate planning, many people immediately consider living trusts the go-to solution for avoiding probate. While trusts are effective, there may be other options. Below are alternative methods you may consider to sidestep the probate process without...