Avoid the Common Mistakes of Estate Planning

Introduction In Queens, NY, you’d be surprised how many people overlook or put off their estate planning each year. Estate planning can often seem intimidating, and if you have no legal assistance, drafting and maintaining a proper estate plan is bound to be overwhelming. But in 2021, estate planning doesn’t have to be a tumultuous...
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A Closer Look at Power of Attorney What You Should and Shouldn’t Do

Introduction Estate planning refers to making all the relevant arrangements to your estate and possessions, whether it’s long-term medical treatment or unexpected departure. Think of estate planning as a way to make sure only the right person gets complete control over your financial (and health) decisions. In Queens, “estate” can include vehicles, land properties, investments,...
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The Essence of Estate Planning in Queens, NY

Introduction Estate planning refers to making all the relevant arrangements to your estate and possessions, whether it’s long-term medical treatment or unexpected departure. Think of estate planning as a way to make sure only the right person gets complete control over your financial (and health) decisions. In Queens, “estate” can include vehicles, land properties, investments,...
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What Makes the Power of Attorney Document So Important?

Introduction According to the American Bar Association, people should update their POA documents regularly. A POA or power of attorney is essentially a legal document that leaves an attorney or agent the power to represent another person. It is crucial to understand that the attorney can have limited or broad legal authority to roll out...
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Why Planning Ahead is Crucial to Enjoy a Prosperous Future

Introduction In these tumultuous and uncertain times, estate planning should be one of your top priorities. The importance of estate planning ahead of time boils down to one purpose; to ensure that you and your loved ones receive prompt protection. Contrary to misguided misconception, you don’t necessarily need a significant chunk of assets to think...
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The Consequences of “DIY” Wills

Wills are an essential way of ensuring that all of your assets are distributed in compliance with your final wishes upon your passing, and yet many people decide not to create one due to the prospective cost. Websites like LegalZoom, Nolo, and Rocket Lawyer market legal document templates to consumers as a cheap, “Do-it-yourself” alternative...
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5 Reasons to Create a Revocable Trust

If you are new to the estate planning process, you might need some guidance about what documents are best for your unique situation. A revocable trust can be the solution to a lot of common estate planning concerns as it vastly simplifies the inheritance process. It is created by the grantor and can be changed...
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Debt and Probate: What You Need to Know

Most people have assets and legacies in mind when they create their Last Will and Testament. However, there are other considerations to deal with when making an estate plan. For instance, the matter of what happens to outstanding debts is an important thing to bear in mind. Your family could be responsible for the balance...
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Make a Plan for Long-Term Care

The possibility of needing long-term care is a reality that many retired people face as they age. If you don’t think you and your family can afford the costs associated with long-term care, you should prepare to qualify for Medicaid as quickly as possible. However, this kind of advanced planning is often overlooked, and the...
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