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When you leave a will behind, the process your estate goes through before the beneficiaries take control of their share of assets is known as probate. It is a court-controlled process that consists of establishing the legality of the will, consolidating assets and...
Your estate plan may not protect you as well as you think it will. If you don't include all of the right documents and keep everything accurate and up-to-date, issues may eventually arise that your estate plan could address but does not. Far too many people only think...
It can be argued that every adult should have at least a simple estate plan. It can still be used to divide assets, even if they are minimal, and estate planning goes far beyond the financial side. You can also use it to set up a medical power of attorney, for...
It can be hard to acknowledge that our mental and physical capacities may diminish as we get older. While it’s something many of us would rather not consider, it is simply a fact of life. One’s ability to meet his or her basic needs can become compromised due to a...
Creating an estate plan is a responsible thing that all adults should consider. However, an estate plan won’t remain the same forever. As your life changes, you should update your estate plan to reflect them. Some of the times you should update your estate plan are...
Of all the issues to consider when making your estate plan, naming your executor is certainly one of the most crucial. That individual will be expected to make your final wishes happen according to the exact specifications you left. What does an executor typically...
Most people think of a will as the basis of their estate plan. Some people believe that's all they need. They just assume they have to write out a document saying who is supposed to get what assets, and that's all they need to do. Writing a will is a great place to...
Long-term inpatient care is expensive. Still, it is a crucial form of medical intervention for those with psychiatric conditions or mental health problems. Significant mental health issues often have a correlation with difficulty earning money or keeping a job, which...
When the pandemic exacerbated the financial resources of millions of Americans, the federal government responded quickly by eliminating requirements for Medicaid recipients to update their circumstances in the system through annual recertification. While this brought...
Applying for Medicaid means opening yourself up to financial scrutiny. In New York, applicants need to prove that they do not have the income or assets to cover all of their medical costs themselves. Their current financial information and years of records will be...