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Roman Aminov

Roman Aminov’s Legal Guides

8 total

  • The Difference Between a Will and a Living Will

    In my estate planning practice, as well as during the seminars that I give, I regularly speak to clients who are unsure of the distinction between a Will, also known as a last will and testament, and a living will. I have even had one client who had told me that she had a Will, ...

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  • Protecting Your Home and Assets From Medicaid

    Protecting Your Home and Assets From Medicaid I often see clients who are Medicaid recipients and are concerned that Medicaid may try to take their home or other property after their death. It is also a real concern to many elderly clients who are thinking about applying for Medi...

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  • The Power of Attorney

    Planning For Incapacity Part 1: The Power of Attorney While no one wants to think about it, becoming incapacitated during your lifetime is not an unlikely event. According to the National Association of Insurance Commissioners, one in four 25-year-olds will experience at least o...

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  • Do You Qualify for Medicaid In New York?

    When a client asks me if they can qualify for Medicaid in New York, I ask about their assets, income, living situation, and health. Some clients they may be able to qualify rather easily. Others may need to engage in some planning in order to qualify for Medicaid. Yet others auto...

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  • Do You Need A Living Trust?

    Living trusts are a much talked about topic in the field of estate planning, and for good reason. You may have heard financial planners or attorneys mention these trusts as a must have item in your planning portfolio but may be confused as to what a living trust really is, what ...

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  • Will Your Life Insurance Payout Be Taxed?

    Many people automatically assume that the life insurance death benefit they leave over to their loved ones will not be taxed. This common misconception can result in the unnecessary payment of tens or hundreds of thousands of dollars of estate taxes. The Rule: The IRS (Section ...

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  • Three “Must Have” Estate Planning Documents

    In the estate planning world, there is no such thing as a cookie cutter plan for any individual or family. Every situation is unique and needs a plan prepared especially for it. There are, however, a few essential documents which almost every person needs in order to cover their ...

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  • 5 Reasons to Write a Will in New York

    People often ask estate planning attorneyswhy they need to make a will if they aren't "rich"? While each person's situation is unique and there are many reasons why everyone needs to have a will prepared. Here are a 5 things that a valid New York will allows you to: 1. Appoint gu...

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