How Parents Can Legally Protect Their Assets from the Liabilities of Home Accidents Involving Children

Imagine your teenager throws a party while you are out of town. Word spreads like wildfire, and soon your house is packed with more partygoers than your child had possibly imagined. Alcohol finds its way into the hands of those who should not have it, Read More …

Five Asset Protection Tips Before You Get Married

While an engagement is filled with the joy of new beginnings, the excitement of wedding plans and dreams of exotic honeymoons, it’s crucial to consider the importance of protecting your assets. While it may not seem like the most opportune time to discuss the topic, Read More …

Advantages and Disadvantages of Transferring Your House to Your Children During Your Lifetime

Transferring Your Home To Your Children When it comes time to start planning for your future, one of the first steps is to often evaluate your assets along with who will be inheriting your assets. A common choice for most individuals is to appoint family Read More …

What is the Process of Applying For NY Medicaid in 2023?

Medicaid planning is a complex method of estate planning that allows individuals to become eligible for Medicaid benefits. Medicaid benefits help recipients save money even if your income and assets may be too high to qualify. Since the Medicaid application process is both time consuming Read More …

Advantages and Disadvantages to Separate or Joint Trusts for Married Couples

Having a trust is essential for comprehensive estate planning protection. However, if you are married, you will need to be more mindful of how you want to take care of your family. In your estate planning, you must decide if you want to do one Read More …

5 Asset Protection Solutions for Entrepreneurs

If you are an entrepreneur, adopting asset protection strategies is essential to protecting your profits. Asset protection is a form of planning with the objective of protecting assets from creditors’ claims and litigation. There are high risks in establishing your own business, but they come Read More …

Top 10 Things to Ask your Elder Law Attorney

Speaking with an Elder Law attorney in New York is often nerve- racking, as it’s hard to know what questions you should ask during your initial consultation. To make sure that your best interests are taken care of, you should be asking the following 10 Read More …

Is A Trust Better than a Will after COVID-19 Pandemic?

For almost two years now, the world we live in has been impacted greatly by the Covid-19 pandemic. During these uncertain times it is important to be prepared for whatever lies ahead, which includes drafting an estate plan to ensure your loved ones are taken Read More …

What is an LLC (Limited Liability Company)

If you are a business owner consider making your business a legal entity. A limited liability company (LLC) is a legal status given to businesses. This establishment means the business will be its own legal entity and the owner(s) can be relieved of personal responsibility Read More …

Using a LLC for Asset Protection

A Limited Liability Corporation, or LLC, can be utilized for any size firm, from sole proprietorships to multi-ownerships. In addition, LLCs are the most popular legal entity utilized for ownership of rental and commercial property. It can assist as a safeguard for your personal assets, Read More …