Consult an Elder Law Attorney for Peace of Mind
An Elder Law Attorney can help a family plan for medical expenses, minimize tax liabilities and preserve wealth by drafting necessary legal documents including a power of attorney, a living ...
Do It Yourself Legal Matters
In these economic times, people are constantly looking for ways to save money and some are choosing to more things themselves rather than hire a professional. You might decide you ...
Undue Influence can Invalidate a Will
Undue Influence Undue influence is a legal term which generally means that someone has put pressure on an individual to draft a will in a particular way. Undue influence means ...
What are Beneficiaries?
A Beneficiary may be a Person or an Organization Beneficiaries are individuals, trusts, or even organizations who are designated in estate planning documents to receive assets of the estate. Beneficiaries ...
Testator and Testamentary Capacity
Commonly Used Estate Planning Words There are many words used commonly in estate planning which are not used commonly in everyday language. Two of those terms are testator and testamentary ...
Rules for a Valid Will in New York
A Will Must be Witnessed In the state of New York holographic wills are generally not valid and will not be enforced except in limited emergency situations. A holographic will ...
When Should I Update My Will?
You should update your will when a major life event, financial change, or change in the law affects your estate plan. Marriage, divorce, having children, buying property, starting a business, ...
Leaving Unequal Distributions to Children in an Estate Plan
Difficult Estate Planning Decisions Maybe you have a son who has made horrible financial decisions in his adult life and you are worried about leaving him a large sum of ...
Irrevocable Life Insurance Trust (ILIT) Protects Assets
An ILIT is Protected from Creditors One of the great benefits of an ILIT is the protection it provides from creditors. When a person dies, commonly there are debts owed ...
What is an Irrevocable Life Insurance Trust (ILIT)?
ILIT’s There basically two types of ILITs. One is a single life insurance trust. This trust is designed to insure the life of one person. The other type is a ...