by Jiah Kim | Apr 21, 2022 | Estate Planning |
As we age, planning for our health and well-being becomes increasingly important. For many people, this means thinking about the possibility of needing long-term care at some point in the future. Long-term care can provide valuable support to help you maintain your...
by Jiah Kim | Apr 20, 2022 | Estate Planning, Guardianship, International Business |
New York recently (June 13, 2021) reformed its power of attorney forms. The changes were made to simplify the power of attorney form. The reforms also provide safe-harbor provisions for good-faith acceptance of an acknowledged POA (Power of Assistance). The department...
by Jiah Kim | Apr 13, 2022 | Estate Planning |
What is probate? After your death, your family or estate may be required to go through the probate procedure. It is a legal process in which the court distributes your property to your heirs. The procedures will be more straightforward if you have a will or a living...
by Jiah Kim | Apr 13, 2022 | Estate Planning |
A trust allows you to delegate the management of your assets to a third party on behalf of your beneficiaries. A foundation is a legal entity similar to a company, but trusts are legal relationships between the settlors, trustees, and beneficiaries. As a result,...
by Jiah Kim | Apr 12, 2022 | Estate Planning |
At some point, around 70% of people who are 65 years or older will need home care support or long-term care and receive care for an average of three years. People should plan early for their home care support based on this fact. Unfortunately, most people cannot cover...
