Google PlusWhile estate planning is a complex process for anyone, it can become even more complicated if you have a large number of assets to manage within your estate plan. Unfortunately, many high net worth individuals fail to anticipate the complications that such large estates can cause, resulting in legal and financial problems for themselves and their heirs. Here are five common mistakes high net worth individuals make when planning their estates: Continue reading “Common Mistakes in Estate Planning for High Net Worth Individuals”
Author: Tanya Hobson-Williams
Appointed to the bench by the Board of Trustees in 2008, and elected in 2009, Tanya Hobson-Williams was the first African-American Female Justice in the Incorporated Village of Hempstead. Tanya Hobson–Williams obtained her B.A. in Government and Politics from St. John's University and her law degree from Benjamin N. Cardozo School of Law.
Tanya Hobson-Williams has an active elder law practice assisting senior citizens in obtaining Medicaid for Home Care and Nursing Home Care. She routinely lectures at senior citizen centers, assisted living facilities, law schools and counsels families on a variety of topics of concerns to families caring for the elderly.
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Digital Assets in Estate Planning
When most people talk about estate planning, they concern themselves mostly with money or physical assets: their homes, their cars, their bank accounts and family heirlooms. Without realizing it, they may be excluding an entire class of assets. Digital assets will also need to be accounted for and distributed in an estate plan. Here are a few things to keep in mind when accounting for your digital assets in your estate plan:
Five Ways to Avoid Legal Problems With Estate Planning
If you are getting older or have a chronic illness, you may have spent time thinking about what would happen to your loved ones if you were to pass away, or if you could no longer take care of yourself. Despite these concerns, you may have put off estate planning. By planning your estate properly, you can protect yourself and your loved ones from serious legal difficulties.
Here are five ways estate planning can benefit you and your family: Continue reading “Five Ways to Avoid Legal Problems With Estate Planning”
What Should You Do If You Get in a Dispute With Your Landlord
When a tenant gets into a dispute with their landlord, it can seem at first like the landlord holds the upper hand. That said, tenants have legal rights when it comes to their relationship with their landlord, if the Tenant knows how and when to exercise them. Here are four things you should do if you get into a dispute with your landlord: Continue reading “What Should You Do If You Get in a Dispute With Your Landlord”
What is a Medicaid Trust, and How Can it Help Me?
If you are getting older, chances are that you have considered how you will pay for your long-term care needs should you need care in your home or in a facility. Long-term care is very expensive and it becomes more difficult to pay for if you will be relying on your savings or other assets. Medicaid may be a viable solution, but first, you may need to consider placing assets into a Medicaid trust to protect your assets and qualify for Medicaid. Continue reading “What is a Medicaid Trust, and How Can it Help Me?”
Five Reasons You Should Consider a Trust for Estate Planning
Although not the most widely known or understood estate planning tool, a trust may be extremely helpful for your personal needs. While a will might be fine for some, the advantages of a trust can be preferable for some estates. Here are five major reasons you should consider a trust for your estate planning needs: Continue reading “Five Reasons You Should Consider a Trust for Estate Planning”
What Does it Mean for a Will to Lapse?
When someone dies with a Last Will and Testament, their property is distributed in accordance with what the Will states. While preparing a Will can be a complicated and stressful process at the best of times, if not properly drafted, your wishes might not be realized when distribution of the Will occurs. For example, if a beneficiary under your Will has already died when distribution of your estate assets occurs, the issue of lapse will arise. Continue reading “What Does it Mean for a Will to Lapse?”
Federal Eviction Moratorium Extended Until December 31, 2020
Citing concerns about the effects that widespread evictions might have on the spread of the coronavirus, the Centers for Disease Control (CDC) has extended the federal eviction moratorium until December 31, 2020. In effect, this means that all evictions across the country, including in New York, must halt until the end of the year. However, this extension is not automatic, and tenants will need to advocate for themselves to avoid being evicted from their homes. Continue reading “Federal Eviction Moratorium Extended Until December 31, 2020”
CMS Orders States to Return to Normal Nursing Home Inspections
The Centers for Medicare and Medicaid Services (CMS) have ordered states to resume regular annual surveys of nursing homes and to once again investigate claims of abuse and neglect at these institutions. These investigations and surveys were temporarily put on hold due to the coronavirus pandemic but as states have begun returning to normal, more emphasis is being placed once more on ordinary operations. Thus, all the tasks that had been previously put on hold by CMS are now set to resume. Continue reading “CMS Orders States to Return to Normal Nursing Home Inspections”
Five Ways to Protect Your Estate Through Your Will
If you are planning your estate and writing your last will and testament instead of using a Trust, the last thing you want to worry about is who might try to attack your estate when you are no longer around to defend it. However, if you are not careful, the distribution of your estate can become a massive debacle as family members and creditors all fight for a piece of the pie. If you decide to use a will instead of a Trust to distribute your estate, here are five ways you can use your will to protect your estate from this kind of chaos: Continue reading “Five Ways to Protect Your Estate Through Your Will”
