Estate planning: 6 big mistakes that can cost you
Expensive Mistakes To Avoid 1. Not Having A Will Without having a Will, you’re leaving your families with debt that you owe and expensive court battles for assets you can pay these debts with. It’s important to write a Will so you won’t go through a harder time then it is. 2. Not using your […]
How to Create an Estate Planning Blueprint
Blueprint According to the English dictionary, a blueprint is a detailed plan. A blueprint defines how a project (could be a building project) is going to be. It is a navigation map. Planning Planning is a vital key to success. People who are successful in career, business etc. do deliberate planning. It is true about […]
Estate Planning: Difference between a Will and a Trust!
Estate Planning: Difference between a Will and a Trust! When we think of the protection and preservation of our family and belongings, we think of estate planning and while thinking about it, the two terms that are frequently used are a will and a trust. Irrespective of your wealth and age, you need to be […]
What Are The Most Important Documents In An Estate Plan
Everyone needs estate planning. Whether young, old, wealthy, or with a modest estate, everyone needs a basic plan to give them assurance for the future should anything happen at any time. And basic estate planning has to do with making plans for the management of your financial and personal affairs in the event you become […]
The importance of having an estate plan as well as creating a will
The importance of having a plan for your estate once you die is vital. Whereas a living will let you make requests and proposals concerning your healthcare and your properties if out are not in a position to, an estate plan will make arrangements about all your affairs and will leave a record of your […]
What is the process for a will contest in Queens?
Will Contests Will contest is a common type of estate lawsuit where the objectant (the individual objecting the will) challenges the validity of a will. Under the laws of New York, only specific persons can challenge the probate of a last will and testament, regarded as a “will contest”. In order to have standing to […]
Does making a gift affect your assets during Medicaid?
In Long Island, making gifts at least 5 years before applying for Medicaid can help save assets. But if the gifting is done within 5 years prior to the application, it will result in a penalty period in which you would not qualify for Medicaid. That is because Long Island has a 5 year look […]
What does a well-developed plan look like?
An estate plan is considered as one of the most important plans to make while alive. Failure to make this plan, could affect not just you, but your loved ones. Without an estate plan your loved ones will find it difficult to access your assets. Without a power of attorney, an important estate planning document, […]
10 Ways to Lawsuit Proof Your Estate!
10 Ways to Lawsuit Proof Your Estate! Estate planning is done to protect your assets along with securing the future of your family and loved ones. You spend your whole life in accumulating significant wealth to make your family financially secure and the rest of the time to protect your wealth from probate, taxes, and […]
Avoiding Estate Planning Mistakes
Not Making A Will More than half of Americans don’t have a Will, leaving there family’s responsible to take care of any left over debts but to also pay to decide with who gets the decedents estate and or any assets listed. A Will is also crucial when it comes to inheritance and deciding by […]