Probate: Understanding the Process and Its Significance
Probate: Understanding the Process and Its Significance Dealing with legal and financial matters after the passing of a loved one can be a daunting and emotional task. Probate is the legal process that involves validating a deceased person’s will, settling their debts, and distributing their assets to beneficiaries. At Morgan Legal Group PLLP, we understand […]
Legal Guardianship For Disabled Or Special Needs Children In New York
Legal Guardianship for Disabled or Special Needs Children in New York Parenting a disabled or special needs child comes with unique challenges and responsibilities. As your child approaches adulthood, you may wonder about their future care and decision-making capacity. Obtaining legal guardianship is crucial to ensuring their well-being and protecting their rights. At Morgan Legal […]
Estate Planning Lawyer NYC
Estate Planning Lawyer in NYC: Safeguarding Your Future When it comes to securing your future and ensuring your assets are protected, enlisting the services of an experienced estate planning lawyer is a crucial step. At Morgan Legal Group PLLP, located in the heart of New York City, we specialize in comprehensive estate planning services. In […]
What is the 3-year clawback rule in NY?
Introduction Regarding estate planning in New York, knowing the various rules and regulations that can impact your assets and legacy is essential. One important rule to understand is the 3-year clawback rule, which can significantly affect your estate planning strategies. At Morgan Legal Group PLLP, we specialize in helping New York City residents navigate the […]
What assets Cannot be placed in a trust?
Introduction Creating trust as part of your estate planning strategy can effectively safeguard your assets and ensure their efficient distribution to your beneficiaries. Trusts offer numerous benefits, such as avoiding probate, minimizing estate taxes, and protecting assets from creditors. However, it is essential to understand that not all types of assets can be placed within […]
Understanding the Disadvantages of a Medicaid Asset Protection Trust
Introduction Medicaid is a vital government program that provides essential healthcare coverage for low-income individuals and families. However, qualifying for Medicaid benefits can be challenging, especially if you have significant assets that could disqualify you from eligibility. To address this concern, many individuals consider setting up a Medicaid Asset Protection Trust (MAPT) to safeguard their […]