Powers of attorney are estate planning documents that authorize one adult to act on behalf of another. The person who drafts the power of attorney is the principal. The person they named to handle their affairs is their agent or attorney-in-fact. Most people over the...
While navigating the journey of life, it is easy to overlook the importance of planning for long-term care needs. Many people tend to postpone such considerations, assuming they have ample time. However, initiating long-term care planning sooner rather than later...
Probate is the legal process of administering someone’s estate after their passing, ensuring that their debts are paid and their assets are distributed according to both the law and their will. While probate proceedings typically occur in the deceased’s state of...
Many people either decide not to write a will or procrastinate it and pass away before they get around to drafting an estate plan. According to some studies, the majority of people in the United States do not have an estate plan at this time. This means that many...
With proper planning, you may protect many of your assets from Medicaid. By forming a Medicaid trust, you can place property into it and make sure it does not count against you for Medicaid eligibility. You might wonder if you should put your house in the trust as...
Estate matters can be complex, but understanding the signs of misconduct is important to protecting the interests of all involved parties. Recognizing these red flags can help individuals navigate the intricate landscape of estate affairs. 1. Missing or altered...
An estoppel certificate plays a role in ensuring transparency and clarity in real estate transactions. It is a document that verifies the status of agreements and obligations related to a property. While it might sound like complex legal jargon, understanding when you...
Did you know that your estate plan could be outdated? An outdated estate plan doesn't always mean it can’t be used, but it can create many difficulties for your beneficiaries, such as the wrong beneficiary gaining assets from your estate. You can update your estate...
Medicaid is a joint federal and state venture that provides health coverage for eligible individuals, including low-income adults, children, pregnant women, elderly adults and people with disabilities. One significant process within Medicaid that is important for...
Probate proceedings can be time-consuming and costly. They may, too, create stress during an already challenging time for families dealing with the loss of a loved one. However, individuals in New York can use strategic measures to sidestep the probate process. In...