by Jiah Kim | Apr 21, 2022 | Estate Planning |
What Is Long Term Care? Long-term care is a variety of services that help individuals with chronic illness or disability to meet both medical and non-medical needs since they cannot perform daily activities or care for themselves. Long-term care is usually for long...
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...
by Jiah Kim | Jul 1, 2020 | Estate Planning |
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...
