Importance of Elder Law Attorneys

Medicaid planning, estate tax issues, estate planning, poor family dynamics, and planning for incapacity are a small list of what Elder Law attorneys face on a daily basis. Having the guidance of a trusted elder law attorney allows you to develop the proper legal documentation for taking care of your property. It allows you to […]

The Electronic Age and Estate Planning

The world is changing every single day. In terms of technology it seems that every year, phones, televisions and electronic devices are continuing to evolve. With all this technology, many people actually have valuable “electronic assets”. These assets may include website domain names, accounts with email providers, Facebook, Amazon and many other accounts. Just like […]

What is Power of Attorney?

Estate Planning is a complex and in-depth process that is more than just preparing and disposing of your estate when you pass away. There are important questions and steps that must be asked and addressed. One of those steps that must be addressed is who should be able to take care of your finances in […]

When is Updating My Estate Plan Important?

Once you have gone through the entire process of creating an estate plan, there are important dates that you must keep in mind moving forward. You should revisit your estate plan after  any of the following important life events: Marriage: A spouse should be provided for in a person’s will.  Even if a spouse is […]

What is Elder Law?

Many people may not understand what elder law is or even know that they are looking for its services. Elder Law is a legal term used that covers a range of legal services targeted towards senior citizens & the aging population. There are three main categories and legal services involved in Elder Law and they […]

Wealthy are Suffering without Estate Planning

In a recent story & survey by CNBC, it has been shown that more then 1/3 of high net worth families do not have an estate plan set up. They have surely not taken the basic steps needed in the case that someone dies, to protect and provide for their loved ones. The survey has shown that 38 […]

Who should have an estate plan?

Estate Planning is not only for retired and older individuals or for people with a large estate or large house, it is for everyone! Unfortunately, estate planning can often become a neglected part of many people’s financial planning. Everyone has an estate, and that means you should have estate plan. For young parents an estate […]

I Have Been Appointed as Guardian in New York, Now What?

You have now been appointed as Guardian of the Person and/or Property in New York. You have participated in the hearing and have been told by the judge that you will be acting as Guardian for the incapacitated person. Listed below are steps which must be taken to qualify as a Guardian after the hearing. Review CAREFULLY the […]

Probate 103- Distribution According to the Last Will and Testament

The last step of an estate is everyone’s favorite, distribution. After all the estate’s property has been marshaled and liabilities have been paid, the executor can begin the process of distribution according to the Last Will and Testament. The executor should wait 7 months for any creditors to submit their claims to the estate. It also may be […]

Probate 102 – Marshalling of Assets and Payment of Liabilities

Once the courts grant the Executor letters testamentary, it is time to marshal the assets and pay the liabilities of the estate. An experienced estate attorney can provide valuable advice and help with this process. Marshalling the assets involve first locating the assets of the decedent. The assets that are to be marshaled are any accounts and property […]