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Estate Planning | Elder Law | Special Needs Planning

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Recent Posts in avoid probate Category

  • A REVOCABLE LIVING TRUST CAN BE RIGHT FOR YOU

    In the last post you learned that probate does not have to be scary if you have an experienced estate planning attorney assist you in making your estate plan. However, that does not mean that your heirs will necessarily have to go through probate if you hire an attorney. In some cases, a revocable living trust is a good option for an estate plan. Property that passes to your heirs through a ...
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  • PROBATE DOES NOT HAVE TO BE SCARY

    Many people share a common belief that probate should be avoided at all costs, so instead of hiring an attorney to come up with an estate plan they devise their own schemes. For example, most people know that if two people are on a real estate deed as joint tenants, when one person passes away the entire property automatically passes to the surviving joint tenant. As a result of this knowledge, ...
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  • AN INSIDER'S GUIDE TO LIVING TRUSTS IN NEW YORK: PART 2 OF 3

    There are many different reasons you may want to create a living trust, and your attorney may decide to supplement your will with a living trust. However, in most cases, a living trust does not replace the need for a will. Your attorney may decide that creating a living trust is essential to your overall estate planning needs. A living trust does not have to go through probate, and your living ...
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  • HOW LIFE INSURANCE CAN BECOME A PROBATE ASSET

    If you’re not careful, life insurance (and other beneficiary designation assets) can become a probate asset. And, that’s not good. Beneficiary designation assets are contracts wherein you have the opportunity to name an individual(s) or trust(s) to receive your assets when you die. Beneficiary designations assets include life insurance, retirement accounts, and annuities. Some bank accounts have ...
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  • WHAT IF EVERYTHING YOU THOUGHT YOU KNEW ABOUT WILLS, TRUSTS, ESTATE PLANNING AND MEDICAID WAS DEAD WRONG?

    JOIN US FOR A FREE WORKSHOP THIS WEEKEND TO LEARN THE FOLLOWING: Elder Law and Medicaid Planning Medicaid needs arise when you least expect them. Americans are living longer than before. At the turn of the 20th century, life expectancy was about 47 years. In the 21st Century, life expectancy has doubled. As a result, we face more challenges and transitions in our lives than those who came before ...
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  • AVOIDING PROBATE

    Many people know that they want to avoid probate, but don’t understand the benefits of doing so. “Probate” is a process in which a court validates a will. In addition, the entire process of administering an estate is called a probate. Probate can be an expensive and long process, so if you are like most people, you will want to avoid it. Jointly Owned Property Jointly owned property avoids ...
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