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What Is a Living Will and How Does It Work?

Wills are important tools that can help you ensure that your wishes are honored when you pass away. There are several types of wills that can be used for different purposes. Many people understand that wills are used to transfer assets to beneficiaries. However, in many cases, in addition to passing assets to loved ones, a will can have other, additional advantages. Speaking to an experienced Brooklyn wills attorney may be able to help you

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New York Times Story Reveals Shocking Practice at Nursing Homes

Hello All, I wanted to share this story that deeply resonated with our team today from The New York Times Daily Podcast. The Times has uncovered widespread evidence of false diagnoses of schizophrenia in nursing homes in order to allow for wider use of antipsychotic medications. This is highly concerning news for anyone with elder loved ones in nursing care, and as Elder Law advocates, we strongly advise our clients to be aware of this.

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THE NEW NORMAL: HOW TO TAKE BACK CONTROL

Hello all: What an eventful two weeks it has been. Many of us are now working remotely, trying to homeschool kids, or dealing with the social, emotional and financial difficulties created by our new virtual way of life. Some of you are providing healthcare and other essential services, and we are grateful for the work you do. HOW TO TAKE BACK CONTROLOn Sunday, the Governor talked about feeling out of control and what we can

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Estate Planning Protects Against Elder Abuse

Your retirement years, ideally, should be spent free of concern about your financial health or potential threats against your assets. Elder abuse is a particularly difficult problem for seniors who have worked hard and created a relatively comfortable nest egg. Many are vulnerable to fraud and other financial abuse at the hands of those intended to protect the very assets they often pilfer. Estate planning helps to protect seniors against such elder abuse. Seniors Face

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How Does Inheritance Work?

Taxes are a part of life. They are also a part of death. And frustratingly, if we’re not careful in life, we can pass them on to our loved ones in death through inheritance taxes! Inheritance taxes must be paid for all gifts received as part of an inheritance or trust. The amount of tax will be determined by the value of what is collected, whether it is cash, real estate, or any other item

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10 Frequently Asked Questions about Setting Up a Will

For most of us, planning for what happens to our possessions after we leave this earth is not a top priority. At least this would be the impression you might take away from the fact that 6 in 10 American adults have never taken the time to create a will or living trust.  This is frustrating; even a little bit of forethought from us on what will happen to our assets will save our heirs a great

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Estate Planning for Dummies: Everything You Need to Know

Worldwide, every minute, 120 people pass away. Death is not something we like to think about, but it is a certainty in all our lives. We don’t get to choose when our time on this world ends. One minute you’re there, and the next, someone has to carry on without you. How can you help your family, friends, and loved ones carry on after you pass? The answer, establish an estate plan today.  Don’t wait until it’s too

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Living Trust vs. Will: A Look into the Best Choice for Your Situation

58% of Baby Boomers (ages 53-71,) and 81% of those 72 or older have a living will or trust. They already see how smart it is to begin planning for the fact they will not be around forever. Likely this planning is tinged with years of experience watching family and friends go through the confusion and disputes that often arise over assets and estates when the original owner of them passes without making their wishes known. One

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How You Can Use Estate Planning as A Gift

What happens to all your belongings when you die? Where will your finances go? Who will be in charge of carrying out your last wishes, and who will take care of you before you pass away?  Estate planning IS a gift. Consider, you have already taken the effort and invested significant time to meet with an estate planning expert, so your family doesn’t have to. Why did you make this effort? The reason you made

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How Does a Trust Work?

Trusts are valuable tools if you want to ensure your children or other relatives receive their share of your estate. Trusts can be independent from a last will and testament but often work hand-in-hand with them. Often, trusts are used to ensure that children or grandchildren have the funds they need to go to college, or to fund a local charity, provide a down payment on a business or home, or event to provide a

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