Post-Pandemic Era: The Only Estate Planning Checklist You Will Need in Queens, NY
Introduction With the roll out of the COVID-19 vaccination, it looks like the world will hopefully get back to normal. With basic social distancing practices still in place – now might just be the perfect time to create and follow an estate planning checklist. From Long Island to Astoria, the need to draft an estate... Read More
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... Read More
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... Read More
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... Read More
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... Read More
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... Read More
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... Read More
5 Common Concerns for First-Time
Executors Many people who are put in charge of a close friend or relative’s estate have never fulfilled executor duties before. It is a position that involves a lot of responsibility, since being an executor means bringing closure to your family and helping to carry out your loved one’s wishes. There is often a learning... Read More
Essential Estate Planning Documents You Need to Know
When it comes to creating a solid estate plan, you need more than just a Last Will and Testament. Knowing a bit about the documents involved will help you to prepare for the future. There are multiple concerns to think about when you make an estate plan, from how your property will be distributed to... Read More
What Young Families Should Know About Estate Planning
Often, young adults are not in a huge hurry to create an estate plan. They don’t dwell on the possibility of illness or incapacity. However, they need to make estate plans for the same reason that older people create them: there is no guarantee of ongoing good health, even for people in their twenties and... Read More