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...
