Power of Attorney New York
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...
The Ultimate Guide To Probate Process-Law
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...
Charitable Trust vs. Foundation: Key Differences – A Comprehensive Guide
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,...
Ultimate Guide for Elder Law and Medicaid 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...
Eight Things To Know To Ensure Your New York Power of Attorney Works
Eight things you should know to ensure your New York Power of Attorney works when you need it Many clients come to our office wanting to create a will or a trust to take care of their financial affairs when they pass away. It is my job to remind them that an estate...
Protect your Children During COVID19 by Designating Standby Guardianship (for NY parents)
As Coronavirus spreads throughout the world, it is no longer a remote possibility that both parents can become sick and require quarantine from their children until well. It is important to designate someone who can take care of one’s children in case of emergency,...