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All About Living Trust in 2025
Estate Planning

All about Living Trust in 2025

Living Trusts in 2025: What You Need to Know As we move towards 2025, the importance of strategic estate planning continues to grow, especially for

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Living Trust Brooklyn
Estate Planning

Living trust Brooklyn

Securing Your Future: Living Trusts in Brooklyn, New York For many, the desire to secure their legacy and provide for their loved ones drives their

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Probate Law Firm Near You in 2025
Estate Planning

Find Probate law firm near you

Finding the Right Probate Law Firm Near You in 2025 Understanding Probate in New York Probate is the legal process of administering a deceased person’s

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Understanding Digital Assets in Estate Planning
Estate Planning Law

Understanding Digital Assets in Estate Planning

Understanding Digital Assets in Estate Planning What Are Digital Assets? Digital assets encompass a wide range of intangible properties stored electronically. These can include cryptocurrencies,

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Experienced New York Probate Lawyers
Estate Planning

New York Probate Lawyers

Experienced New York Probate Lawyers in 2025 Dealing with the legal complexities of probate can be overwhelming, especially during times of grief. At Morgan Legal

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How to Probate an Estate Quickly in NY 2025
Estate Planning

How to Probate an Estate quickly

How to Probate an Estate Quickly in New York 2025 Introduction: Simplifying Probate in New York Probate in New York can be time-consuming, often compounded

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Estate Planning

Lawyers for Elderly Abuse 

Lawyers for Elderly Abuse in New York Understanding Elderly Abuse in New York Elderly abuse is a pervasive and often underreported issue affecting seniors across

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Revocable Trust Lawyer in New York
Estate Planning

Revocable Trust Lawyer

Revocable Trust Lawyer in New York Understanding Revocable Trusts A revocable trust, also known as a living trust, is a powerful estate planning tool that

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Estate Planning Tips for Entrepreneurs in New York
Estate Planning

Estate Planning Tips For Entrepreneurs

Estate Planning Tips for Entrepreneurs in New York Introduction: Why Entrepreneurs Need Estate Planning For entrepreneurs, estate planning is more than a personal necessity; it’s

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Will And Trust In New York
Wills and Trusts

Will And Trust In New York 2024

Wills and Trusts in New York: Your 2024 Comprehensive Guide As we approach 2024, the estate planning landscape in New York continues to evolve. Understanding

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The 2021 Estate Plan

Estate planning and gift charges of this year have an individual could pass on millions to beneficiaries and pay no charge. That could mean a finish to the plan and gift charge exclusion sum established as a feature of Trump’s particular expense upgrade.

Republican passing promise to make the multiplied exclusion sum long-lasting. Paradoxically, condemning the Trump tax break as a giveaway to the well-off and referring to monetary imbalance. Biden has proposed reestablishing these charges to their level.

Assuming that you’re stressed over the charge exclusion sums going down, an opportunity to begin a giving arrangement is currently. A limitless conjugal derivation permits you to pass on all or part of your resources for your enduring companion liberated from government home duty. Yet, to utilize your spouse’s unused exclusion where you should choose it on the expense form of the main life partner to pass, in any event, when no duty is expected.

FAQ

  1. What is medicaid fraud?

Medicaid fraud is simply false information to get Medicaid to pay for all the services needed for yourself or someone else.

2.  What is a pour-over will?

A pour-over Will is a Will written and documented stating the actions needed to be done through the trustee which will be transferred to him or her. The truster is someone who’s responsible for many assets to be taken care of or sent to assigned beneficiaries.

3. When someone dies does their debt go away?

No, when someone dies, if that person had any debt, creditors will still ask for the money back adding more credit to the accounts. After the designation of the person’s assets during court, payment of debts will also be announced to whoever the court would call responsible. So a family member, spouse, or close friend will continue with paying everything you owe which is why you should make an estate plan to prevent this sort of conflict.

4. Does a trust protect assets from a nursing home?

 Yes, as long as you transfer funds towards your rent, mortgage, or assistant living instead of going to a nursing home.

5. Does transfer on death avoid probate?

The transfer of death only makes the probate process much more difficult having you provide additional details and reason for the transfer. This makes the process longer and if it’s longer, it’ll be more expensive. The only way to avoid probate is through a trust because everything would be set up or planned ahead, especially the transfer of death.

6.   What does an elder care attorney do?

An elder care attorney has the expertise in arranging any necessary goals to whoever the elder being served needs. It can go along with not just estate planning but also medical care proxies, elder abuse, or dealing with ownership of spousal belongings. This is all regards to any senior over the age of 50.

7. If my spouse dies do i get his social security and mine?

Because of the laws of Estate Planning, there’s something labeled, the surviving spouse clause where if one spouse dies, the surviving spouse gets his or her assets. The only assets not provided would be government funds that the spouse still owes or would actually lose the entire thing because of labeled ownership unless there’s a Will stating rights to owning these finances.

8. How do I know if my unemployment claim was approved in NY?

After applying for unemployment at the official NY government website, ny.gov, you should receive a letter towards your home address 2 weeks after applying stating how much unemployment you should be received. Though that’s if you get approved. If not, you would receive the same letter in the same amount of time saying you’re ineligible due to certain dynamics in your life that the government won’t give you many benefits.

9. Do you need a lawyer for advance directives?

These forms can be created by yourself as long as you are over the age of 18 but have the same disadvantages of handwriting your own Will. This means that advance directives shouldn’t be handwritten to prevent future fallacies due to not being able to read the file or putting information that has nothing to do with what’s needed. So you can make your own advance directives but it’s recommended to get a lawyer to guide you in the process.

10. Does a trust override a will?

No, a trust has different functions than a Will but a trust secures the Wills needs for whatever is listed.

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