When a divorced parent wants to move to a different state, it can complicate custody arrangements. In many cases, divorced New Yorkers must seek post-judgment modifications to alter existing plans. Understanding custody law and the process of modifying your agreement is important if you or your former spouse is considering relocating to a different state. Custody in New York In…
Estate planning involves more than just considering your assets and beneficiaries. It also means considering the welfare of your beloved pets. Including provisions for your pets in your estate plan is a decision that ensures that others will take good care of them even after you die. Choosing the right guardian Selecting a suitable guardian for your pets is important.…
Succession planning involves preparing for the future of your business by identifying and developing new leaders who can seamlessly transition into the role when current leaders leave, retire, or pass away. This process helps to better ensure that a business remains strong and continues operations without interruption. It is not just about preparing for the unexpected; it is also about…
Legal guardianships are thoughtful legal arrangements that help ensure the well-being of individuals who are unable to make decisions for themselves. Pursuing a guardianship can be a huge help to a family member in need. For New Yorkers navigating the complexities of legal guardianships, understanding the key aspects of the process is a must. Types of guardianships New York recognizes…
As you grow older, you, your spouse or your parents will likely have to confront the prospect of long-term care. As you do so, you might discover that the financial implications are overwhelming. For example, the New York State Partnership for Long-Term Care estimates that the annual rate for nursing home residents in New York City is nearly $170,000, far…
Although married couples in New York get divorced for a wide range of reasons, some causes are more common. People who are considering ending their marriages can benefit from learning about various reasons for divorce. Furthermore, it is important to review potential grounds for divorce available in New York State. Most frequent causes of divorce Poor communication and conflict resolution…
Since there are many different types of debts, they are all handled uniquely during a divorce. For example, you can have credit cards, mortgages, car loans and medical debts. Here is more about how the court will handle your debts during a divorce. Debt after separation and before divorce You can continue to incur debts after your separation but before…
Getting older can be expensive. Aging can bring new health problems, and many retired people live on limited incomes, unable to afford the services they require. If this is your situation, Medicaid can help you receive the health care you need. Who qualifies for Medicaid? The purpose of Medicaid is to provide health care coverage to individuals with limited income…
In today’s custody cases, the judge typically focuses on the best interest of the children for both legal and physical custody. In most cases, family courts prefer that both parents remain involved in their children’s lives, resulting in shared custody. However, what happens when one parent wants to move out of the state? It does not matter whether you share…
As you approach your golden years, you know the importance of estate planning and ensuring your retirement funds can keep up. In 2020, congress passed the SECURE 2.0 Act, which President Biden signed into law in December. It features a range of changes regarding retirement savings. Three key changes include: 1. Age raised Designed to boost savings, the initial act…
The goal of a will is to ensure that your estate distributes to your heirs and loved ones according to your wishes. In addition to your personal information and a statement about your testamentary capacity, a will should include a few essential elements. Name an executor An executor is a person who will take responsibility for your estate after you…
Aging comes with many challenges. As your body and health fluctuate, you may become more aware of how you want your loved ones to support your financial goals when a time comes that you cannot. Creating a power of attorney can give you and your loved ones peace of mind. Although you may not want to consider a situation where…
