The Law Offices of Nicole J. Zuvich, P.C. Legal Blog
Do funeral expenses count toward spend-down strategies?
When it comes to qualifying for Medicaid, there are ways to meet the maximum income requirements even if you or your loved one receive more—whether regularly or on occasion. These spend-down strategies help maintain the helpful benefits of Medicaid and pick away at...
Include these 3 components in a simple estate plan
Many people across New York do not create estate plans until a major life event, such as a marriage or the birth of a child, prompts them to do so. If you list yourself among them, you may have neglected to create a plan thus far due to worries about the cost or time...
Why would I want to set up a trust?
When couples in New York and elsewhere decide to start a family, life becomes too hectic to plan too far ahead. It’s only when one parent must travel for work, or if both are away for a weekend trip, that the quiet concern at having to leave their babies at home with...
What is a spendthrift trust?
Planning for the future by creating trusts for your beneficiaries can offer you peace of mind regarding the distribution of assets, but what happens when a beneficiary displays poor or irresponsible spending habits? The New York City Bar notes that a spendthrift...
What is an Article 81 guardianship in New York?
In New York, it is important to be prepared for the unexpected. In some cases, that is a positive. In others, it is not so pleasant. Sometimes people suffer an illness, condition or injury that leaves them unable to care for themselves. If a loved one is suddenly...
4 considerations for choosing a health care proxy
A health care proxy is a person you designate to make medical decisions for you in the event that you become incapacitated and cannot make them yourself. It is a role that carries with it significant responsibility. Because the role of health care proxy carries so...
Long-term care options for your family to consider
As one of the largest generations by population, the Baby Boomers are between 58 and 76 years old. This means more of them may require long-term care as the years go by. Regardless of how healthy and spry your loved one may be in their old age, it is always important...
Should your college-aged child have an estate plan?
Sending your child off to college is a bittersweet moment. You are proud of the adult they have become but they are still the child that you love and look out for. You want to make sure your child, who is now a young adult, has the tools they need to start off on...
Why we put off estate planning for too long
Although we all know that no one lives forever, people have differing views on what is the best path forward for managing their worldly goods after they are gone, and many end up not making a plan at all. With only half of Americans having at least a will in place, at...
How much do your adult kids need to know about your estate plan?
If you have adult children, you may have experienced some role reversals in the past few years. While you certainly appreciate your kids' input, you have decades of life experience. Put simply, regardless of what your adult children believe, you are perfectly capable...