For many people who are new to estate planning, the big question of concern is whether they should have a will-based estate plan or a trust-based estate plan. Both a will and a trust provide someone control over how assets get distributed after his or her death,...
Preserving & Protecting Your Family’s Assets & Legacy
Month: July 2019
What medical decisions can my health care agent make for me?
Regardless of your age or health status, it can be smart to use a health care proxy to appoint an alternate decision-maker. The purpose of naming an alternate decision-maker, called a health care agent, is to control who makes medical decisions on your behalf when you...
How is Medicaid eligibility determined?
Medicaid is a healthcare coverage program that is administered jointly by the federal government and the Government of New York State. It provides coverage to adults, children, elderlies and those with disabilities. According to federal laws, states are required to...
Trusts as part of asset protection in New York
Sometimes, people in New York and other states see that assets that were acquired and maintained through years of hard work end up in state coffers after the death of the owner of those assets. Oftentimes, that happens due to inadequate estate planning. As many people...
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