Category Archives: Trusts
Four Ways a Trust Can Benefit You and Your Loved One
A trust is a legal arrangement in which your assets are held by a third party (your trustee) for the benefit of future beneficiaries. A revocable, living trust gives you the power to change these arrangements as you wish or as your circumstances require. While there is a commonly held misconception that trusts are… Read More »
Choosing The Right Trust For Your Estate Planning
Trusts are a powerful tool in estate planning. They allow you to distribute property and assets to your beneficiaries while avoiding complicated and potentially costly probate hearings, offer tax benefits, and can help shield you against collections from creditors or in lawsuits. There are a variety of trusts you can select to suit your… Read More »
Dealing With A Problem Child In Your Estate Plan
As parents, we want the best for our children, and work hard to provide them what they need to be successful in life. Unfortunately, despite these best efforts, there are situations in which our children make poor choices or engage in dangerous behaviors that puts their own or other lives in jeopardy. These situations… Read More »
NYSARC Trusts: Providing for People With Disabilities
With the cost of living rising while workers’ wages decline, providing for some of life’s little luxuries – an evening at the movies, dinner out, or a yearly vacation – can be a challenge. For people with disabilities, providing for just the daily essentials is challenge enough. Governmental programs such as Medicaid and Supplemental… Read More »
Estate Planning Basics: Wills, Power of Attorney, and Health Care Proxy
It’s never too early to start planning for your future. For many people, making sure loved ones are provided for in the event of serious injury, illness, or death is at the top of their list of concerns. Regardless of the size of your estate, there are certain documents you should have in place,… Read More »