Law Office of Paula Collins, PLLC
Law Office of Paula Collins, PLLC
Estate Planning and Probate
The Best Estate Planning Starts Today!
Protect Your Loved Ones for Years to Come with Wills, Trusts, and Medicaid Planning
As a member of Lawyers with Purpose, I am dedicated to protecting your assets your assets as you age through all phases of work, retirement, and gifting to your beneficiaries. Serving clients in New York and New Jersey in all aspects of Estate Planning, such as Wills, Trusts, and Probate. Additionally, I handle Veteran's Applications and Medicaid Planning.Contact me for additional information or to get started on securing the future for you and your loved ones.Wills
A simple will is the foundation of an estate plan, and it is vital to your family's security. A Living Will, Healthcare Proxy, and Power of Attorney are all included in the Essential Wills package offered by this office. Contact me today to help you through the process.
Trusts
Many people think that a Trust is complicated, or that it is meant only for the very wealthy. Neither is true. A Trust offers the greatest cost savings to you and your loved ones. It also spares your loved ones the months of waiting for the probate court to take action in settling your affairs after your passing. For guidance in setting up a Trust, find a professional who is sensitive to your needs. Contact me today to get your affairs in order.Medicaid Planning
Common myths about Medicaid Planning prevent you from accessing the benefits that you are entitled to receive:"I have to be a pauper to qualify for Medicaid."- Not True."I have to wait several years before I can qualify for Medicaid." Not True,"If I have a pension, I won't qualify for Medicaid." Not True.Who needs Medicaid Planning? Anyone who has less than $1.87 million in liquid funds! That figure comes from calculating the cost of care – either at home or in a facility – versus the expected annual rate of return on investments. Don't worry, I can show you how it works and I can make sure that you have a plan that works for you. Contact me today to get started.If it is easier for you, you can even click on the blue Calendly link in the bottom right of this page to easily schedule an appointment.Probate
When a person passes away, family members are often shocked to learn that the reading of the will is only the tip of the iceberg in settling the estate.Even if there is a signed will that has been witnessed and notarized, the will must be submitted to the Surrogate's Court for Probate. In other words, writing a will does not get you out of probate court.Probate can be a long and expensive process, but it is still necessary. The court filing fees alone can be a shock if you and your family are not prepared. These filing fees have to be filed with the court before the court will proceed with your case. Additionally, those fees don't include the costs of hiring a qualified professional to prepare all of the filings properly. It can take the court anywhere from 7 to 12 months, on average, to process all of the documents, re-title accounts, a make the asset distribution. Be prepared. Contact me to help you through this process.
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Law Office of Paula Collins, PLLC
35 Morton Street #11
New York, NY 10014
646-467-4646
Also available to meet at these locations:
New York City Bar Association
42 West 44th Street
New York, NY 10036
Various Shared Work Spaces in New Jersey
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