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estate planning FAQs

Recent Posts in estate planning FAQs Category

  • WHAT IS THE DIFFERENCE BETWEEN A GUARDIANSHIP AND A POWER OF ATTORNEY?

    A comprehensive estate plan will include an incapacity planning component. A significant percentage of senior citizens become incapacitated to one extent or another. While there are other causes of incapacity, around 45 percent of those who have reached the age of 85 are suffering from Alzheimer’s disease. If you were to contract Alzheimer’s, dementia can set in. Those who are suffering from ...
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  • DO I CONTROL ASSETS PLACED INTO A REVOCABLE LIVING TRUST?

    It is important to understand all of your options when you are planning your estate. You may automatically assume that you should use a last will. While you can certainly go this route, you may also want to consider the creation of a revocable living trust. There are those who assume that trusts are only useful for the wealthy. This is not the case. Revocable living trusts can be beneficial for ...
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  • HOW MUCH DOES A SPECIAL NEEDS TRUST COST?

    If you want to provide resources for the benefit of someone with a disability, you should consider the creation of a special needs trust. This type of trust, alternately referred to as a supplemental needs trust, can enhance the life of the beneficiary without impacting his or her government benefit eligibility. Let’s look at special needs planning from an overview before we examine the costs. ...
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  • PROBATE IN KEW GARDENS NY: IS PROBATE A LENGTHY PROCESS?

    When you evaluate the surveys that are done periodically, you find that far too many people procrastinate when it comes to estate planning. One of the reasons for this is a lack of information. Invariably, once you understand the facts you recognize why estate planning is important. With this in mind, let’s look at the process of probate in Kew Gardens NY. A Last Will Someone who is ...
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