As a New York trust lawyer, I’ve seen how storms in life can come in all shapes and sizes—health crises, divorce, or losing a loved one. And, of course, there are the literal storms: hurricanes, floods, and fires that can damage property and uproot lives. In recent months, you may have seen social media posts...Read More
Families with a child on the autism spectrum often experience a stark change when that child reaches age 18, a transition sometimes referred to as the “autism cliff.” Many supportive services relied on during childhood, such as specialized education programs, may shift or end altogether in adulthood. This can leave parents concerned about maintaining consistent...Read More
Yes, a trust can buy a house. Many Brooklyn residents use this powerful estate planning tool to protect their assets, streamline the inheritance process, and maintain privacy. In this way, by holding title to real estate in trust, a person can ensure that the property will be managed according to their wishes and passed down...Read More
Understanding what is the purpose of a trust account is essential for individuals setting up an estate plan. A trust account allows assets to be securely managed according to specific legal instructions, ensuring they are distributed properly to beneficiaries. For those establishing a trust in NYC, setting up a dedicated bank account in the trust’s...Read More
As an estate planning lawyer, I often see couples who view prenuptial agreements solely as divorce protection. However, a well-crafted prenup can be a powerful estate planning tool that helps protect both spouses and their children, especially in blended families.Read More
Many of us hesitate to change professional relationships, especially regarding legal matters. I often meet people who feel "tied" to their original estate planning attorney, even when that relationship no longer serves their needs.Read More
One of the most frequent questions I hear is, "Is my estate large enough to justify a living trust?" Behind this question often lies a deeper concern: "Am I making the right choice for my family's future?" Let me share something that might surprise you – the size of your estate is just one small...Read More
I often meet grandparents who want to financially support their grandchildren while ensuring their generosity doesn't inadvertently create complications. Whether considering college funding or creating a lasting financial legacy, strategic planning can help maximize your gift's impact.Read More
Understanding the tools available for managing your estate is crucial when planning for the future. Two common tools in estate planning are revocable and irrevocable trusts. Both types of trusts help individuals manage their assets during their lifetimes and provide for the distribution of these assets after death. However, each type of trust serves different...Read More
Regarding long-term care in a nursing home, Medicaid is often the primary payer for individuals who require such services. However, qualifying for Medicaid isn’t as simple as filling out an application. A crucial eligibility factor is the “Medicaid Lookback Period.” Specifically, Medicaid applicants for institutional care need to be aware of the five-year lookback period,...Read More
