A living trust is a crucial estate planning tool for any adult, regardless of their income level. A legal trust is a legal entity that can hold assets and distribute them according to the trust’s terms. Trusts are powerful documents that can protect assets, ensure wishes are carried out, avoid probate, and provide peace of mind. In this post, we’ll …
How to Open a Safe Deposit Box After the Death of a Loved One
What do you do when a loved one passes away and you need to open their safe deposit box? Often, a will, burial plot deed, funeral arrangements, or other time sensitive documents are stored inside of the safe deposit box and need to be accessed immediately. While this may seem like a daunting task, New York State has set up …
Estate Planning for Non-Citizen Spouses
Navigating the Tax Landscape Proper estate planning is crucial for all couples to ensure their assets are distributed according to their wishes in the event of an untimely tragedy. Regardless of age, it is essential that married couples consult with an estate planning professional to prepare the necessary legal documentation should the need arise. Typically, when a spouse passes away, …
Securing Your Disabled Child’s Future: 5 Estate Planning & Guardianship Tips for Long-Term Care
Advances in medicine have led to an increase in life expectancy in the United States, which currently stands at 78.7 years according to the Center of Disease Control (CDC). However, these statistics typically represent the “able” and somewhat healthy population. So, what about individuals with disabilities? The Americans With Disabilities Act (ADA) defines a person with a disability as someone …
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