If you have agreed to be the executor of an estate, you may have some questions about the tasks that must complete to settle the estate. In this post, we will provide a basic overview that will demystify the process to some extent. Find the Physical Document The person that asked you to be the executor of the estate will probably tell you where you can find the will, but this is not a given. They may feel as though it is not important that they get your approval at first, and they may never … [Read more...] about How Is an Estate Settled When There Is a Will?
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Learning and Camaraderie at the Academy Summit
The Academy takes learning seriously. The Academy’s Spring Summit included numerous substantive legal education sessions, as well as sessions on marketing and law office management. The virtual conference also included opportunities for networking and fun. Read on to learn more. … [Read more...] about Learning and Camaraderie at the Academy Summit
What Is the 2021 New York Medicaid Asset Limit?
The Medicaid program should be on your radar even if you have health insurance and you are going to qualify for Medicare as a senior citizen. Why would this be the case? Medicare does not pay for a stay in a nursing home, and it does not cover in-home custodial care. This is a big deal, because nursing homes and in-home caregivers are extremely expensive. You are looking at somewhere in the vicinity of $170,000 for a year in a nursing home in the Rochester area. The annual rate for a … [Read more...] about What Is the 2021 New York Medicaid Asset Limit?
Why Would I Use a Living Trust?
The revocable living trust is the estate planning device that is ideal for the widest range of people. There are many benefits that you should be aware of before you make any decisions, and we will look at a few reasons why you may want to use a living trust in this post. You want to maintain control of your assets. A lot of people think that you surrender control of assets that you convey into a trust, but this is not always true. You relinquish some degree of control with certain types of … [Read more...] about Why Would I Use a Living Trust?
Estate Planning Conference Discusses “For the 99.5% Act,” SECURE, and More
The Heckerling conference, the largest conference for Estate Planning in the country, occurred recently. Many of the thought leaders in Estate Planning and Elder Law got together and discussed recent developments and new strategies. Read on to learn more. … [Read more...] about Estate Planning Conference Discusses “For the 99.5% Act,” SECURE, and More
