Lake Placid Area Legal Blog
Working Together To Meet Your Legal Needs
Like a lot of people with parents who are “snowbirds” or permanent transplants to Florida, you may one day inherit a house that you neither want nor need. Ordinarily, this wouldn’t be a big deal for you, because you would simply sell it. However, you didn’t inherit...
Unlike nearly two-thirds of Americans, you have an estate plan. You created a will and understood the importance of periodically updating this important document. For the latest update, you focus on a few changes, including replacing your executor. Why? You have...
If there is one mistake that older adults often make when preparing for retirement or updating their estate plans, it is that they aren't very realistic about their futures. People tend to assume that they won't experience the negative effects of aging the way that...
Whether you just accepted an offer on your vacation home or had a seller accept your offer on what will be your first-ever home, you are probably very excited to get to the closing table. Buyers aren't technically the owners of real estate until they sign the deed to...
Making an estate plan is a terrific first step for anyone to take. But it’s problematic to assume that this is the final step. You don’t want to make that plan and then forget about it. It’s actually important to update it periodically. But how do you know when to...
Many people start Medicaid planning out of concern for their own well-being. They recognize that they may need to move into a nursing home in a few decades and may not have the resources to pay for that care. Advance planning for Medicaid allows people to quickly...
One myth that you’ll often find people repeat about estate planning is simply that they are too young. This belief sometimes causes people to put off the exact estate planning that they need to do. It can happen to people of many different ages. For example, someone...
Many first-time homebuyers experience sticker shock when they receive their settlement statements. The amount of money required to buy a home is typically thousands of dollars more than the price they offered the seller. Buyers often need to deposit thousands of...
If you have been having health issues and believe that you may need nursing home care within the next few years, now is the time to start thinking about how to preserve your wealth. Preserving your wealth is possible if you plan far enough in advance. There are a few...
Coordinating multiple sets of priorities and considerations is necessary in a typical real estate transaction. Buyers and sellers may have their own timelines, as well as individual priorities for the transaction. There are also the needs of the financial institution...