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4 ways to use an incentive trust
An incentive trust is a legal document that can be included in an estate plan. This kind of trust allows a grantor to control how their assets are used with the use of clauses. A beneficiary may need to meet the conditions of a clause before they can gain any funds...
What are an executor’s responsibilities
Who settles your estate after you pass away? This role is typically left to the executor of the estate. The executor is anyone you trust to manage your assets and distribute them to beneficiaries. But, this role is not that simple. The executor of the estate is...
3 crash injuries that may require several surgical procedures
Car accidents are often associated with life-threatening physical harm, such as severe traumatic brain injuries. However, even non-life-threatening injuries can pose substantial hardships, often requiring multiple expensive surgeries. Take, for example, hand crush...
Integrating long-term care into your estate plan
When creating an estate plan, many older adults consider the implications of a nursing home stay and how it may impact their finances and their children’s inheritance. They worry that the need for long-term care will take all of the assets they spent a lifetime...
2 things you should know about creating a valid New York will
Crafting a comprehensive estate plan, with a valid will or living trust at its core, is an essential step towards securing your legacy. It grants you the power to pass on your assets after you die, ensuring your loved ones' security. Unfortunately, the legal landscape...
What is the difference between first-party and third-party special needs trusts?
Special needs trusts (SNTs) are important tools for individuals with disabilities who need to maintain eligibility for government benefits while still having access to funds to supplement their needs and enhance their quality of life. They provide a mechanism for...
Common severe truck accident injuries
Motor vehicle accidents can result in debilitating accidents or even fatalities. When at least one of the motor vehicles in question is a truck, the chances for severe injuries are often heightened due to the size and weight disparity between trucks and other vehicles...
Signs that you may have suffered whiplash in a car accident
Car accidents are traumatic events that can result in a range of injuries. One particularly common injury associated with rear-end collisions is whiplash. This condition develops when the head is suddenly jerked forward and then backward (or side-to-side), causing...
Having advance directives is good – keeping them fresh is wise
Good for you if you have already made advance healthcare directives a priority in your estate plan. You have taken the first step in controlling your medical care even if you become incapacitated and cannot speak for yourself. To better ensure your healthcare...
What kind of injuries can seat belts cause?
There is no doubt that seat belts have saved many lives over the years. They prevent people from moving around and being ejected from the vehicle in a collision. Nonetheless, even seat belts can’t prevent all injuries. In fact, seat belts can cause very serious...