An inter vivos trust, commonly referred to as a living trust or a revocable living trust, is an estate planning tool almost everyone can use. The great benefit about an inter vivos trust is that it allows you to largely skip the probate process. Probate can take up a lot of time and money as your estate representative makes sure that all the steps required under New York law are met. To avoid this time and expense, people create an inter vivos trust to transfer property outside of probate after … [Read more...] about Your Inter Vivos Trust Needs Regular Care
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Pet Planning in New York: Elder Care and Your Pet
As baby boomers across the country get older and reach retirement age in droves, many of them are facing elder care issues that will affect them as they age. For baby boomer pet owners, the realization that they might one day not be able to provide their pets with adequate care is a worrying idea. To get a better idea of what you might have to worry about when it comes to elder care and pet planning in New York, there are several issues you will need to consider. Elder Care and Pet … [Read more...] about Pet Planning in New York: Elder Care and Your Pet
Digital Wills in New York: 3 Issues
One common question that many people have is how they can make sure their digital information or material they have stored on their computer will not get lost after they are gone. Some people, for example, say that they have written their own digital will and want to use that as their last will and testament. Even though information technology, personal computers, and the Internet have changed the way we live our daily lives, the law is not exactly up-to-date when it comes to the role these … [Read more...] about Digital Wills in New York: 3 Issues
The Numbers Behind Elder Abuse
Even though a lot of Americans are aware that elder abuse is a growing problem, few of them realize just how big a problem it is becoming. Well-known senior citizens such as actor Mickey Rooney and author Harper Lee have become the public face of elder abuse because their struggles have become widely publicized. These celebrities have suffered at the hands of close advisers and family members, experiencing physical, emotional, and financial abuse of one type or another. Because Americans are … [Read more...] about The Numbers Behind Elder Abuse
Should You Include Pet Insurance as a Part of Your Estate Plan?
Whether you are a new pet owner or have been an animal lover for years, using pet insurance as a way to protect your pet’s interest after you are gone is an excellent option that you may want to consider as you create a pet plan. Pet insurance plans operate very similarly to human health care plans in that they afford protection against the possibility that your pet might require serious, and costly, veterinary care. As with other insurance products, balancing the needs of your pet against … [Read more...] about Should You Include Pet Insurance as a Part of Your Estate Plan?
