There are multiple kinds of power of attorney, but one that you should consider adding to your estate plan is a financial power of attorney. This POA is a legal document included in your estate plan that gives someone you trust the power to act on your behalf in...
No matter where you are in life, it is important to have a grasp of the basics of estate planning and administration. Common misunderstandings on how things work can hold you back and put your legacy in danger. Missteps could also cost you money or deny your heirs the...
Qualifying for Medicaid when you need it isn't exactly easy. There is an extensive review of your financial circumstances involved. Any current income and the assets you own can affect your eligibility. Your house is usually one of the few pieces of property you can...
As you make your estate plan, you may have received conflicting advice about whether or not to write a will. Wills have fallen out of favor to a certain extent because they have to go through probate. Nevertheless, a will can perform important functions in your estate...
When you’re working on your estate plan, one thing your attorney should discuss with you is your health care power of attorney and who you’d like to have to take on that role if you cannot make your own medical decisions. Everyone needs a health care power of...
Estate planning is not just about leaving a record that you want your family heirlooms to go to one child and your vehicle to go to another. It can also be about recording your medical wishes in case of incapacitation, reducing your tax liability or helping you...
As a new parent, you will have plenty to worry about, from what kind of baby carrier you use to addressing sleeplessness due to a colicky baby. Theoretical problems that could occur in the future likely don't seem nearly as important as your immediate needs during the...
If you have been thinking about your estate plan lately, you may be wondering the same thing that many other people ask, "do I need a power of attorney?"Of course, you may also be wondering what can a power of attorney do, is one really needed and when would you need...
When it comes to planning for the future, there is really no such thing as being over-prepared. Creating and maintaining a comprehensive estate plan in New York is an important element of preparing for the future. Once you have established an initial plan, the work is...
When people plan for the future, they focus on things such as buying a house, buying a car, having a family. Later in life, they plan for how the house and the car are going to be distributed amongst the family.Planning for what happens if you become incapacitated and...
