by admin | Oct 1, 2018 | Estate Planning, Tax Planning, trust
Nursing home costs in Long Island, according to The New York State Department of Financial Services tracks the costs of long-term care. According to DFS, a nursing home in Long Island averages $142,350/year! Nursing home care costs vary in upstate New York from $264...
by admin | Sep 26, 2018 | Estate Planning, will, Wills & Trusts
Grounds to Contest a Will in the state of New York. Under New York Law, a will contest may be based on the following grounds: Undue Execution The will was not properly executed. Revocation The will was revoked by the testator. Incapacitation The testator lacked the...
by admin | Sep 24, 2018 | Estate Planning, Mortgage Closing, Real Estate
Reverse mortgage Pro’s A reverse mortgage provides fast access to your equity. The mortgage is typically not paid until you die. Proceeds can be used for in-home care if you do not qualify for, or cannot get adequate in-home care, keeping you out of a nursing...
by admin | Sep 17, 2018 | Estate Planning, Mortgage Closing, Real Estate, Succession Planning, Tax Planning, Uncategorized
How much can I borrow with a reverse mortgage? How much you can borrow, depends on several factors. The age of the borrower. The older the borrower, the more that can be borrowed. Current Interest Rates The lower the interest rate, the more that can be borrowed. The...
by admin | Sep 14, 2018 | Estate Planning, Mortgage Closing, Real Estate, Succession Planning, Tax Planning, Uncategorized
Elders often struggle to find the resources to stay out of nursing homes and stay in their home, but still, need In Homecare. A reverse mortgage can be used to help make that happen. Medicaid can be used to pay for nursing home care, but stay at home care can be...
by admin | Jun 7, 2018 | Estate Planning, Wills & Trusts
Updating Your Will After Divorce Update Beneficiary Designations Updating your will after divorce is important as you want to ensure that it covers some of your most valuable assets, and to whom you would like to see receive those assets. Many assets pass outside of a...
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