Why TRUSTS are better than Wills after Covid-19 Eatate planning?

Covid 19 pandemic prompted Americans to finalize their Estate planning and create Trusts instead of Wills to avoid probate overflown with enormous amounts of cases. The Covid-19 pandemic has established a common sense of uncertainty and fear amongst all members of society. During such times, Read More …

Who pays for Nursing Home if I stay longer than 3 months?

The Covid-19 pandemic had a massive toll on nursing home patients and their family members, as they were unable to see their loved ones during such a difficult and uncertain time. The State Department of Health distributed notices concerning disenrollment from the MLTC plan on Read More …

Medicaid Eligibility After October 1st and new Look Back provision

Important Dates to Note Changes in regards to Medicaid Homecare eligibility were intended to start taking place on October 1st 2020, however, these changes have been delayed and are stated to take place on January 1st, 2021. These changes pertain to massive cuts in Medicaid, Read More …

Why Drafting a Trust is so Important During the Covid-19 Pandemic

Why a Family Trust is so Important During the Covid-19 Pandemic For over six months, the COVID-19 pandemic has greatly impacted New York City. Although there have been far less deaths more recently than before, there are still a great amount of people that are Read More …

Probate filing with Surrogate’s court after Covid-19: New Rules and Procedures

New York was one of the states greatly affected by the Covid-19 pandemic. In result, numerous rules and procedures in regards to probate filing with the Surrogate’s court have changed. The King’s County Surrogate Court has increased its reliance upon E-Filing documentation during this period Read More …

What Happens If I Die Without A Will?

If an individual passed away without having a will, the person is considered to have died intestate. Once this occurs the intestacy laws in New York will decide how the decedent’s property will be distributed. Without a last will and testament, the surviving spouse inherits Read More …

Can A Beneficiary Witness A Will In New York?

Witnessing a will in New York means that if a will is ever contested, the witnesses have the ability to testify about the procedures that were completed during the execution of the will. Any bequest (the action of giving assets to individuals or organizations using Read More …

Will A Living Trust Avoid Probate?

The process of probating an estate is notorious for two main reasons: 1) taking several months up to several years to complete and 2) eating up a considerable chunk of the estate in the process. That being the case, one of the primary reasons that Read More …

Goodbye to the Stretch IRA? What You Need to Know About the SECURE Act

What is the Stretch IRA? The term Stretch IRA refers to the ability of IRA beneficiaries to stretch distributions that have been inherited from the IRA over a lifetime. This is a definite advantage to the beneficiary, as it allows the account to continuously grow Read More …

What You Need To Know About Probate & Administration During COVID-19

My father died during COVID-19 without a will and left a house in Brooklyn, NY worth $700,000, do I need to go through probate to get the house now? When any family member dies intestate, or without a will, you don’t go through probate to Read More …