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...
by Jiah Kim | Jan 7, 2018 | Estate Planning |
When preparing an estate plan, there are a variety of reasons to consider using a trust (or multiple trusts) to distribute your assets after your death. Trusts offer certainty that your final wishes will be carried out as you intend, they offer the flexibility to...
by Jiah Kim | Dec 6, 2017 | Estate Planning |
When going through the estate planning process, there is no shortage of options when it comes to ways to preserve your wealth for future generations. But, while the list of options may seem endless, certain options are better than others in certain circumstances, and...
