When people hear “Medicaid planning,” they assume that it is something for people with little or no assets. However, in reality the people who can potentially benefit the most from Medicaid planning are people who may not currently qualify for it due to having significant monthly income, money in the bank or ownership of property. So how do you know if Medicaid planning may be right for you, and what should you do if you want to incorporate it as part of your estate plan?
Blog
What Does It Mean to Have a Rent Stabilized Apartment?
Rent stabilized apartments are among the most sought after apartments you can find in New York City, but the competition to get them is fierce. This is because they are often the most affordable living spaces in the entire city, with rents significantly lower than other, unregulated apartments. But what does it mean for an apartment to be rent stabilized, and what rights do you have if you are a tenant in a rent stabilized unit?
Continue reading “What Does It Mean to Have a Rent Stabilized Apartment?”
What Should You Do When the Landlord Won’t Maintain Your Apartment?
It is the legal responsibility of every landlord to ensure their rented properties are adequately maintained, so they are safe and habitable. However, not every landlord is diligent about ensuring apartments are well-maintained, leading to the state of their apartments slowly deteriorating. What should you do when your landlord refuses to maintain your apartment? Continue reading “What Should You Do When the Landlord Won’t Maintain Your Apartment?”
Rent Stabilized Units in NYC Set to Raise Rents by 3.25%
The Rent Guidelines Board, which regulates rent stabilized apartments across New York City, is set to increase rents for residents in regulated units by 3.25%, or in some cases, up to 5%. This increase is set to be the largest yearly increase in rents for regulated apartments in years. In total, around two million New Yorkers will be affected by this increase in rents, potentially straining their finances.
Continue reading “Rent Stabilized Units in NYC Set to Raise Rents by 3.25%”
Five Reasons to Get a Power of Attorney
A Power of Attorney is generally considered an essential part of any estate plan, because of how important it is to protect your interests while you are still alive. Without one, you may find yourself in a legally tenuous situation that can cause endless grief for both you and your loved ones. Here are five reasons you should make sure to get a Power of Attorney as part of your estate plan:
New York’s COVID Eviction Moratorium Expired
A New York State eviction moratorium originally put into place in New York at the beginning of the COVID-19 pandemic expired on January 15, 2022. Continue reading “New York’s COVID Eviction Moratorium Expired”
When is the Right Time to Consider a Guardianship For a Loved One?
The appointment of a Guardian plays an important role in ensuring that people who cannot care for themselves, will have someone appointed to manage their personal and financial needs. When is the right time to seek guardianship for your loved one? Here are some of the primary reasons that people will apply for guardianship for someone they care about:
Continue reading “When is the Right Time to Consider a Guardianship For a Loved One?”
Five Terms You Should Be Aware of In Your Lease Agreement
A surprising number of people do not pay much attention to their lease agreement before they sign and commit themselves to what is a binding contract. Because of this, a surprising number of tenants (and even some landlords) will find themselves shocked to discover what their lease actually requires from them. Here are five terms you should be familiar with in your lease agreement, in case you get in a dispute with your landlord:
Continue reading “Five Terms You Should Be Aware of In Your Lease Agreement”
Britney Spears’ Father Suspended as Conservator for Her Estate
Pop star Britney Spears successfully had her father suspended as conservator for her estate. Spears, who has been under a legal conservatorship since 2008, celebrated the victory, although she said she has “a lot of healing to do.” In the meantime, she will remain under a temporary conservatorship, until another hearing on ending the conservatorship entirely this November.
Continue reading “Britney Spears’ Father Suspended as Conservator for Her Estate”
Planning Your Estate to Account for Digital Assets
An increasingly important part of estate planning in the modern world involves a kind of property that does not exist in any physical sense. This type of property, known collectively as “digital assets,” includes a variety of personal assets that may make up a substantial part of a person’s estate. But what exactly are digital assets, and how are you supposed to make an estate plan around them? Continue reading “Planning Your Estate to Account for Digital Assets”
