LIVING WILLS
A will is a document that explains what your final wishes are pertaining to property, who the guardian of your children would be and other important ownership after the passing of the individual. Without this, your entire family would have to deal with all the decisions with who gets what which is already difficult and many cases that aren’t cheap. A will is very important to make things organized and less strain on everyone in the family tree. Look at frequently asked questions for more important information related to this topic and to see how important it is to get a will.
HEALTH CARE PROXIES
Health Care Proxies are instructions from the person being treated to get the kind of healthcare he or she needs to keep living when in critical condition. The Health Care Proxies is something written in the will all before any tragedies happen and is best to prevent other people making the decisions for you while in an unconscious state. With this plan, you know exactly what you’re getting and receiving the services you paid for. This is to feel more secure with what’s being done to you and get the most comfort out of the worst situation. This makes the process of health care demands easier and without any issues or constraints.
With health care proxies being official in your legal will, health care providers have to follow all your instructions unless it begins to be harmful in anyway towards the person who filed it which would lead you to talk to your health representative you assign. If the provider is unwilling to follow these instructions, he or she has to refer you to another health care expert who will follow these instructions. This document lasts until your death or unless the document itself is terminated. With all these possible occurrences that could happen, it’s best to ask of anything specific you may need for your care instead of trying any alternates.
FAQ
- What is a medical power of attorney?
A medical power of attorney allows you to assign someone who will make all your decisions for you pertaining to your health when you’re unable to yourself. This document will give a pass to your representative to make all the important decisions for you like whether you need to get any particular medical treatments or procedures. A medical power of attorney can also be referred to as the health care proxy.
2) When should I make an advance directive?
The best time to make an advance directive is before you need one. In other words, before you become too sick to make your own decisions about what medical care you want to get or refuse.
3) Where can I store my will?
You should store the will in a kind of file cabinet or a safe but should be fireproof in case of a possible fire within the estate. You would have all the documents you need to save your money from this sort of incident. A safe deposit box should be avoided because your bank can limit access to the account after your death. At least one person you trust should know where your will is or file it with the Register of Wills but will hold them responsible as a representative unless announced in the will itself. Most important is that the will must be in an envelope.
4) Who may be appointed to handle an estate proceeding?
In a will, it’s whoever the executor is, but if there is no will, a person who qualifies to be responsible will serve as an administrator. Then either executor or administrator will handle the estate proceeding.
5) What is a revocable trust?
A revocable trust is a document you can sign with an attorney involving a trust that can be modified or even canceled upon request. By filing this out you’re assets go straight to you and once you pass, the trustee you assigned will move these assets to its beneficiaries. While alive, you can change who can get ahold of your belongings and something to prepare you for the future.
6) Does New York Have an Inheritance Tax or Estate Tax?
New York doesn’t include a inheritance tax but a estate tax is included by law with federal taxes.
7) Can an irrevocable trust be amended?
One thing you can do by is to remove assets you’ve written within the trust. You will still have the trust on file but it’ll be one that is empty. There’s also booking an appointment with the court through a trustee since he or she is responsible for making any adjustments as well in the trust even if it’s irrevocable. As long as there’s a good reason for the modification.
8. Can I collect unemployment if I go to school?
To receive unemployment you need to document that you’re looking for work and enrolled in school to receive some benefits.
9. How long do you have to work to collect unemployment in NY?
According to the official ny.gov website, you need to be working for at least a month and in file at least $2,700 in wages. Your base period also needs to be higher than your quarter wages.
