New York Elder Law
A New York Elder Law Lawyer will tell you that Elder Law addresses the legal matters and concerns of older individuals. This area of law has grown in popularity in the recent past because the elderly are the fastest growing segment of our population. Today, seniors are more active than ever before, and are living longer. They have issues and legal needs that are unique to their age group. Elder Law comprises many subject areas, such as conservatorships, estate planning, disability, Medicare, and much more.
Estate planning is a big component of Elder Law, and is vitally important. While no one wants to think about the inevitability of death, it is an area that should be addressed well in advance of age and possible illness. Passing away without an estate plan can have disastrous consequences. Your belongings and assets may not be distributed to your loved ones in accordance with your wishes, and to the detriment of the people, you love the most.
It is wise to at minimum have a few key documents in place to protect your estate. A Durable Power of Attorney is an extremely important document. This document will appoint someone to make decisions and act on your behalf should you become incapacitated.
Another useful document to have in place is an Advanced Health Care Directive. This document will spell out exactly what your personal wishes are should you become incapacitated. It will set out what life saving procedure you want, or do not want. If you do not have this document, a considerable burden will be placed on your loved ones to make these decisions for you.
A will is an estate-planning document that will define how you would like your property distributed after your death. If you pass away without a will, the state will step in and distribute your assets for you, which is called intestate succession. This could have extremely undesirable results, and your assets could be distributed in a way that you never intended.
A Living Trust is another essential estate-planning tool. When you pass away with a will in place, this and other documents are submitted into probate. The court will be appoint someone to manage your estate, pay any estate debts, and gather inventory to later be distributed to the heirs. This can be time consuming and expensive to the estate. If you have a living trust however, your estate will bypass this process altogether. In this instance, when you pass away your assets will go from your trust directly to your loved ones. This will save time and money and your heirs will promptly receive their distributions.
Whether you need help with an Elder Law matter, or need guidance in a Civil Litigation case, a real estate claim, or a Landlord Tenant dispute, Criminal defense, Medical Malpractice, Auto accident, Personal Injury, Divorce or Family Law Estate litigation or Probate Litigation, Bankruptcy chapter 7, 11 or 13, real estate issue, or have a Debt Collection contact a New York Lawyer from Stephen Bilkis & Associates, PLLC for guidance. We will provide answers to the many questions you likely have, and provide you with a free consultation with your first visit. We have offices located throughout New York City for your convenience, including offices in Manhattan, Brooklyn, the Bronx, Queens and Staten Island. We also have locations in Westchester County, and Suffolk County and Nassau County on Long Island. Contact us today to schedule your free consultation at 1.800.NY.NY.LAW.