FEATURES & NEWS

Can the President Remove the Fed Chair? Legal Perspectives
Publications

Can the President Remove the Fed Chair?

Understanding Presidential Powers Over the Federal Reserve With growing discussions around the President’s influence over the Federal Reserve, the question of whether a sitting president

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Legal Insight on YouTube Allegations
Publications

Legal Insight on YouTube Allegations

Cancel Culture: Legal Insight on Rosanna Pansino’s FBI Report Against MrBeast In the rapidly evolving social media landscape, allegations and accusations can surface quickly, often

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What is Elder Law in New York 2024?
elder law

WHAT IS ELDER LAW?

Understanding Elder Law in New York 2024 As individuals age, their legal needs evolve, requiring specialized expertise in areas affecting their health, assets, and legacy.

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All About Trusts and Wills in New York
Estate Planning

All About Trusts and Wills in New York

Understanding Trusts and Wills in New York: Essential Tools for Estate Planning Planning for the future requires careful attention to detail, especially when it involves

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Attorney for Wills and Trusts
Estate Planning

Attorney for Wills and Trusts

Discover expert guidance for Wills and Trusts in New York. Morgan Legal Group provides personalized estate planning for peace of mind.

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Different Types of Wills in New York
Estate Planning

Different Types of Wills in New York

Understanding Different Types of Wills in New York Wills are critical estate planning documents that allow individuals to express how they want their assets distributed

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Common Probate Issues In New York
Estate Planning

Common Probate Issues In New York

Common Probate Issues Probate is a legal process that occurs after an individual passes away, involving the distribution of their assets according to their will,

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Estate Planning Tips in New York - Morgan Legal Group
Estate Planning

Estate Planning Tips:

Estate Planning Tips in New York Estate planning is a vital process for ensuring that your assets are protected, your healthcare decisions are respected, and

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Guardianship Attorney in NYC
Guardianship

Guardianship Attorney

Guardianship Attorney in NYC In New York City, the need for guardianship arises when an individual can no longer make decisions for themselves due to

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WeWork Miracles

Over 200 women achieved a life time important goal and got to start up 10 separate businesses in Miami, Florida by winning a year of WeWork space. This includes a mentorship and networking opportunities. Winning businesses are; Blue Halo Agency, Blukastor, Emergent Global Investments, The Hyndman Group PLLC, The Latin Label, Magia Galaxy, Mango Soft, Musicasa, Veo Veo LLC and Veta Health.

Blue Halo Agency is company where you’re able to hire a marketing team to make or modify your own brand with guidance through improving your sales. They’ve helped companies ranging from food products, phone apps, websites and even Spanish speaking corporations.

Emergent Global Investments helps all kinds of businesses reach their financial goals or reach an objective their going for. Through professional software, they are able to predict any fallacies that may occur and develop a strategic plan where your business is a guaranteed success.

You see that all these businesses have a similar goal and it’s to serve a person’s needs when it comes to starting up their own business or exposing it to a wider audience. They will make sure that you will reach your goals and have a successful business as these companies are. Any advise can be given on starting up your business like they did and would want the same success story for everyone else.

FAQ:

1. What is the benefit of hiring an attorney if free forms are available online?

Once an attorney is hired you have a professional say towards your Estate and where it’s being distributed. Free aren’t very beneficial and reliable because you’re not getting as much service as you would from an actual attorney. There may be some fallacies and interferences on these forms. This can cause difficulties at any court process difficult, longer and expensive.

2. What is an Estate Settlement?

An estate settlements is the process of a decedent’s estate being transferred  to an assigned trustee or beneficiaries. There’s also planning of who obtains all these assets but expenses that go with it all.

3. How Often Should I Update My Estate Plan?

Your estate plan should be looked over every 5 years or so but may need adjustments if you’re involved in marriage, bear any children or filed for divorce. This is due to legal laws within the state and now who’s involved.

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. Can I Create an Plan on My Own?

You are free to create your own plan but doing so would have you leave any important details and is a good chance that will happen because of certain law terms you need to bring up. So creating your own plan may be an invalid one.

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 a probate be avoided?

There’s an understanding when wanting to avoid a probate and it’s due to waiting a year for courts approval or even having the courts approval rather than your own. Both these things can pile more fees on top of the file the more complicated things get through many disagreements. Though most Wills or trusts are specific which already comes with it’s complications which is why it takes a while for the probate to process. It is necessary to use the probate because if you’re looking through the file rather than an attorney, you will be prone to mistakes and more fees that the attorney could of spotted. Upcoming mistakes can also cause the filing to be longer than it should. So you shouldn’t avoid any probates.

8. 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.

9. 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.

10. 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.

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