Did you know that you may qualify for no-cost tax assistance through the Internal Revenue Service's Volunteer Income Tax Assistance programs? Known as VITA, the federal Volunteer Income Tax Assistance program allows you to visit a local tax assistance center to receive free tax assistance. IRS tax volunteers receive certified tax assistance training to help you file your annual federal income taxes. Offered during certain times of the tax season, you may be able to visit a VITA tax clinic and … [Read more...] about Medicaid Eligibility and Federal Tax Programs
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New York’s Simple Probate Procedures
In many states, including New York, residents can avoid lengthy probate procedures by executing small estate documents. In New York, the Surrogate Courts allow beneficiaries of small estates to file small estate forms for estates of limited value. The New York small estate affidavit procedures allow a decedent’s family members or spouse to file a Small Estate Affidavit or Affidavit of Voluntary Administration. With some legal guidance and estate planning, you may be able to take advantage of … [Read more...] about New York’s Simple Probate Procedures
13 Reasons You Need an Estate Plan
It would be simple to state that every adult needs an estate plan, and that would be true. But, that reason seems very easy to ignore. It’s one of those woulda, coulda, shoulda things and we all procrastinate. Here are 13 intriguing reasons you need an estate plan. If you don’t have an estate plan: 1. Your children may be placed into foster care, if you are incapacitated, in a car accident, or have a stroke. 2. The court will choose who raises your children if you die, and it might … [Read more...] about 13 Reasons You Need an Estate Plan
6 Tips to Working with Your Estate Planning Attorney
Working with an estate planning attorney who is a good fit will be a relief; you’ll discover increased peace of mind, knowing that you, your family, and your assets are provided for. Here are 6 tips to working with your estate planning attorney. 1. Choose an estate planning attorney who is a good fit, someone you feel comfortable with. The more comfortable you feel, the more confident you’ll feel about your plan. 2. Tell your estate planning attorney everything about your family dynamics, … [Read more...] about 6 Tips to Working with Your Estate Planning Attorney
How to Include Your Grandchildren in Your Estate Plan: 7 Great, Easy to Implement Ideas
Your children and grandchildren will both be appreciative if you include your grandchildren in your estate plan. The acknowledgement of your grandchildren makes memories, shows your love, creates family bonds, and carries on your legacy. Here are 7 ideas for ways to include your grandchildren in your estate plan; pick what works for you, discard what doesn’t. Set up a 529 Plan for each grandchild. 529 Plans are used to pay college expenses; the investments grow tax free and are distributed … [Read more...] about How to Include Your Grandchildren in Your Estate Plan: 7 Great, Easy to Implement Ideas
