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What is a Pet Trust?

What is a Pet Trust?Most pet owners think of their pet as a member of the family.  

You love your pet and want to make sure that he will be taken care of after you pass away. After reaching that decision, most people are still unsure of what arrangements need to be made.  

What is a pet trust?

A pet trust is a legal agreement to provide for the care of one or more pets in the event that the pet owner dies or becomes unable to care for them. New York State gives statutory authority for the benefit of pets under Estates, Powers, and Trusts Law, Chapter 17-B.

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You Don’t Need to Travel to Our Office to Get Help

You Don’t Need to Travel to Our Office to Get HelpUnless you have a crystal ball, it’s impossible to predict what the future holds. Should you become unable to make your own decisions, it is imperative to appoint someone to take care of your affairs and make healthcare decisions on your behalf.  Additionally, in order to ensure that your assets are passed on to your loved ones without problems, high legal fees and time delays, it is important to start your planning today.

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Why You Should NOT Write Your Own Will

Why You Should NOT Write Your Own WillUsing a Will or a Trust that you found by searching on Google is like using WebMD to diagnose a serious illness.

A rational person would not consult WebMD to learn how to treat a serious illness. You might use it as a source of reference, but if you are in pain or want to prevent health issues, you consult to a doctor.

The same is true when planning your estate. You may save a couple dollars by creating your own estate plan, but you are going to cost your loved ones ten times that with the expense of going to court, and by hiring an attorney to interpret and administer the errors in the DIY estate plan you created.

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Why Is It Important to Designate a Beneficiary?

A question clients often ask is, “What happens to my assets when I die?

The answer to that popular question depends on what you do while you are alive.

When you die, your assets are essentially bulked into two general categories: (1) Non-Probate Assets; and (2) Probate Assets.

In order to determine if something is a non-probate or probate asset, you must look at the way in which the asset is owned.

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Why do I need a will?

Why do I need a will?It is estimated that 64% of Americans do not have a will. Some of the top reasons people give for not making a will include:

  • I do not have enough money to need a will
  • I just have not gotten around to it
  • I will not need it for a long time
  • I do not want to think about my own mortality

As recent celebrity deaths have shown, life can end unexpectedly in an instant. Without the proper planning, the inevitable can have many unwanted and unintended consequences for those you leave behind.

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