Resign as Executor of NYC Estate

Resign as Executor of NYC Estate

Resign as Executor of NYC Estate In New York, individuals nominated in a Will may become Executors of the decedent’s estate. (Individuals designated on consent are called Administrators, cta.) Being an Executor is a voluntary role and the nominated executor may refuse...
Changes to the Power of Attorney in NY

Changes to the Power of Attorney in NY

Changes to the Power of Attorney in New York State On December 15, 2020, Governor Cuomo enacted a law which made sweeping changes to the Power of Attorney Statute in New York State. The law will be effective 180 days after signing (approximately June 2021), and...
Medicaid Pooled Income Trust

Medicaid Pooled Income Trust

Medicaid Pooled Income Trust A Medicaid Pooled Income Trust allows an individual to divert their excess income. In order to qualify for Medicaid in New York, an individual must meet certain income and resource requirements. For the year 2021, an individual’s resources...
Living Trust – What you Need To Know

Living Trust – What you Need To Know

Living Trust – Here’s What you Need To Know For most people, a Last Will and Testament is the first choice for passing on their assets to their heirs. But it’s not the only choice. Among other estate planning tools, the Revocable Living Trust is gaining in...
Your Estate Planning Checklist

Your Estate Planning Checklist

Your Estate Planning Checklist Estate planning is the process of arranging, during a person’s lifetime, for the management of a person’s assets and affairs when the person becomes incapacitated or dies. It is important to create a plan. It is equally important to...