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Tips on preserving your assets and passing them on to the next generation of your family. Whether making a will or trust, protecting your estate from predators, creditors, government, and inlaws, and qualifying for Medicaid in order to avoid the costs of long-term care, estate planning can help you maintain your lifestyle while preserving your assets.
Source: https://nyestateslawyer.com/
Albert Goodwin, Esq. is a New York estate lawyer who consistently achieves superior results, is widely praised by his clients and is respected in the legal community. Contact us to see what we can do for your legal needs.
New York estate planning attorney Albert Goodwin is committed to helping seniors meet the challenges of getting older. As a senior, your income may have declined when you stopped working, but your medical and living expenses are soaring. You are gradually becoming more vulnerable and more dependent on others. Depending on the state of your health, you may need a home health aide or to be in a living facility. You are worried if you will have enough money to maintain your lifestyle and if there will be anything left for your family.
Get Medicaid – There are several types of trust that can help some individuals qualify for Medicaid, including home care and nursing home coverage. Learn more about Medicaid trusts.
Do I need a lawyer to make a will? Can I just download one from the internet? Chances are, you have seen internet advertisements for do-it-yourself form wills. Those wills are not worth much. As a matter of fact, if you want a will form, we’ve made one you can use for free. With all of those paid forms out there, and with our free form, you may be wondering if you need an attorney for making a will at all.
There are ways to manage what happens to you in the event you are not well enough to make your own decisions. A Power of Attorney allows you to appoint a person to manage your financial affairs, a Health Care Proxy allows you to appoint a person to make medical decisions for you and a Living Will makes known your wishes regarding life-prolonging medical treatments.
Asset protection techniques are used to protect assets from unexpected future creditors and lawsuit liability. There are various asset protection techniques that protect individuals’ assets during their lifetime and ensure that their estate is intact when they pass on. They include forming trusts and family companies in New York and other states and countries.
Albert Goodwin, Esq., New York, NY. 64 likes. New York estate lawyer, focusing on wills, trusts and estates, as well as probate, guardianship,...
