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Trusts are an estate planning tool that allows people to set aside their assets for a specific purpose. Depending on the kind and purpose of the trust, these assets may be managed or distributed in accordance with
Estate law can be a complicated landscape to navigate. Whether you are preparing your estate or helping a parent with estate planning, the process is complex. There are many different options you can use to
There is no specific age when you should reach out to an elder law attorney, but it’s ideal to start planning your affairs once you reach 60 years. At Schlessel Law, we generally advise seeking
Today, many Americans are understandably concerned with the legacy they will leave their loved ones when they pass away. For people with businesses or for those who have accumulated a lot of wealth, the estate
As elder law practitioners, we are aware that nothing is less pleasant than contemplating a day when you may be too disabled to make decisions for yourself. Yet putting together a formal plan now, while
Many people put off estate planning and drafting their wills. In most cases, people are simply too busy to think of estate planning. Some wait until they are better established in life, thinking that they
Retroactive Medicaid in New York provides eligible individuals with the opportunity to receive healthcare benefits for expenses incurred before their official Medicaid eligibility start date. This coverage acts as a safety net for individuals who
The prospect of long-term care can cast a shadow over the golden years of retirement, especially in New York with its high cost of living. Navigating the complexities of nursing home care can be overwhelming
It’s never too early to prepare a Will. Although death is not something most people want to think about, it might be prudent to prepare a plan in case of the unexpected. People with significant
Estate planning involves the effective use of the legal tools available to create a comprehensive estate plan that allows a person to leave a lasting legacy. Trusts are an important part of estate planning which
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