The Law Offices of Nicole J. Zuvich, P.C. Legal Blog
Creating a spendthrift trust
Many people create an estate plan to provide financial support for their loved ones after they have passed away, but they want to make sure the money is used appropriately and that it lasts. The person who creates the trust is called the grantor and the beneficiary is...
Is that bedsore?
When you leave your elderly loved one in the care of another person or facility, it can feel like one of the hardest decisions you have ever made. For many people, they will suffer from an additional layer of guilt if their loved one ends up suffering from neglect at...
Estate planning for young parents
Being a new parent can be joyful and intimidating at the same time. After all, when you are the parent of a young child the days are long, and the years are short. You may be so focused in the here-and-now that you do not think of your future, including estate...
What happens in a will contest in New York?
Many New Yorkers have probably heard the term “will contest,” but very few understand the full meaning of the term. An understanding of the legal bases for a will contest can help a lay person avoid the mistakes that can provide the legal reasons for attacking the...
How may I protect my assets with a special needs trust?
A disabled minor or an adult child may benefit from your assets through a special or supplemental needs trust. As part of an estate plan, you may create a trust to protect your child from caretakers seeking to take advantage of a vulnerable individual. As reported by...
What is a power of attorney?
One of the best things about being an adult is that you can make decisions for yourself. However, as we get older, our decision-making capabilities may diminish due to physical and mental health conditions. We may also just need someone on a temporary basis to act on...
Does your college-aged son need a health care proxy?
Even if you know your college-aged son is a good kid, you probably have little control over what he does at college. Sadly, according to the National Institute on Alcohol Abuse and Alcoholism, more than 1,500 college students between the ages of 18 and 24 die from...
The formal requirements for a New York will
Most New Yorkers understand that a will must be written or it will not be enforced. This requirement is correctly stated, but it is only one of the many formal requirements for creating a valid will that will be enforced by New York Courts. Understanding the remainder...
Updating a will when getting remarried in New York
In Long Island and throughout New York City, creating an estate plan is important for everyone. This is especially true for people who have been lucky in life and accumulated substantial assets. For many, a will is their document of choice to ensure their property...
Estate planning mistakes to avoid with significant assets
Estate planning can be more difficult when you have significant assets. Your situation is more complex, and as a result, you need more detailed planning. Due to the complexity, you may be more likely to make mistakes while estate planning, especially if you are doing...