The Corporate Transparency Act (CTA), which became effective January 1, 2024, impacts almost all limited liability companies (LLCs) and small corporations in the U.S. Learn about the new reporting requirements and contact The Village Law Firm to find out whether your business qualifies for new reporting requirements and how to protect one of your most valuable assets.
If you are approaching the estate planning process in New York for the first time, you probably have a number of questions. One of the most critical aspects of any estate plan is a Last Will and Testament. Here are some common questions (and answers) about this important document: Most experts agree that it is
Medicaid Eligibility in New York November 11, 2023 Medicaid is a state funded long term care program that will pay for home health aides (referred to as Community Medicaid), full cost of the nursing home (referred to as Institutional Medicaid), certain doctors and medications. To qualify, you must meet strict asset and income eligibility standards.
Families may dispute wills for a number of different reasons in New York. Perhaps a concerned family member believes that their elderly father was taken advantage of by a manipulative nurse in a long-term care facility. Maybe an ex-wife has somehow inherited the family fortune despite being estranged from a deceased ex-husband. Perhaps the decedent’s
As society evolves, unmarried but committed relationships are becoming increasingly common. While these partnerships offer flexibility, they also come with specific financial and estate planning challenges. Without the inherent legal protections of marriage, it’s important to proactively ensure that your wishes are clearly documented. Here’s how to adeptly manage estate planning for unmarried couples. 1.
Your estate plan is a living document or set of legal documents. This means the plan you set today likely won’t be the plan you have five or ten years down the road. It’s important to take time to update your plan when important changes happen in your life, and divorce may be the most
The blending of two families can provide an abundance of love and support; it can also raise a host of difficult estate planning questions. Preventing disputes and ensuring that all parties are fairly provided for requires thoughtful planning and implementing proper legal structures. Below are seven tips for crafting a plan that respects both your
Whether the subject of a legal claim or the whims of romance, without careful estate planning, assets intended for your spouse and children can end up in the hands of people you’ve never even met. Fortunately, you can prevent a stranger from getting their hands on your family’s inheritance with the help of a common strategy.
Ensuring that you have a will in place is at the heart of estate planning; it ensures that your assets – all that you have worked hard to save for much of your life – will be passed onto those individuals and entities of your choosing. Without a will – and with the exception of
In the bliss of love and the throes of wedding planning, bringing up the topic of a prenuptial agreement can sometimes feel awkward. However, setting clear expectations and provisions for potential future scenarios doesn’t diminish the romance of a union. On the contrary, it shows foresight and a commitment to ensuring that both parties are