Resources

A Revocable Living Trust will not protect your assets if you go into a nursing home. This is because in a Living Trust, the assets are still under the owner’s control. To shield your assets from spend-down before you qualify for Medicaid, you will need to create an...

What are POD accounts? POD is an acronym for Payable On Death. You can convert almost any account you own today, such as a savings account, checking account, or even an investment account, into a POD account. A POD account simple means that once you pass away, you...

If you die without a will, the state you live in has a default plan that will allow for an orderly transfer and distribution of your property. Rules vary in each state, but in general, your property interests will be divided amongst your living family such as your...

A Living Trust is an account in which the person creating the Trust ("grantor"), transfers their assets and property while they are alive. Almost any type of asset can be placed in a living trust, including: real estate, vehicles, bank accounts, and jewelry just to...

The strategies listed below can be used to bypass the probate process and have your assets or proceeds go directly to the person you named as beneficiary or joint owner of that account.   Living Trusts Life Insurance Investment Accounts Designated as Transfer on...

Why Mediate? Conflict is frustrating for everyone. It is time consuming, worrisome, emotionally exhausting, financially draining, and in general, negatively affects your quality of life. There are several ways to deal with conflict, such as litigation, arbitration,...

When you distribute the assets in your Will per Stirpes, your children will receive an equal inheritance, but your grandchildren may NOT receive an equal inheritance. See the chart below for a detailed illustration. At Gregory Law, we are committed to drafting your...

Under New York's Anti-Lapse Statute, if a testator (the person who created the Will) leaves a gift to his or her brother, sister or issue (children, grandchildren, etc.) in a Will, and that beneficiary predeceases the testator, the gift passes to the issue of the...

A general partnership is defined as two or more people working together to share a profit. General partnerships do not require any formal documentation and are often formed inadvertently when two or more people work together and share profits. In a general...

What does distribution by Representation mean? When you distribute the assets in your Will by Representation, your grandchildren will all receive an equal inheritance. See the chart below for a detailed illustration. At Gregory Law, we are committed to drafting your...