City Council Heritage Planning Services Odesi Acceptance

City Council Heritage Planning Services Odesi Acceptance

On October 8, New York City Council Speaker Adrienne Adams and Council Member Sandra Ung visited the Flushing YWCA to explore a new initiative offering free estate planning services for city residents aged 50 and over with annual incomes under $100,000. This program aims to assist individuals in planning for their property, healthcare, and guardianship arrangements for minor children.

During the visit, Adams and Ung discussed the collaboration between the City Council, local law schools, and pro bono attorneys, which seeks to address predatory financial practices, particularly deed fraud that disproportionately affects communities of color. The service provides free help with preparing wills, assigning powers of attorney, and designating healthcare proxies, ensuring that homeowners can protect their assets and have their wishes honored.

“This service is not just for the affluent,” Adams emphasized. “It’s for anyone looking to ease the burden on their loved ones. Planning your estate now ensures that those decisions will be honored according to your desires.”

Adams also pointed out that families in African American and Hispanic communities often face the devastating loss of property due to inadequate estate planning, a situation that worsens wealth disparities and can force residents out of New York City. She expressed her hope that this service will empower vulnerable groups to preserve and pass down their wealth.

Ung added to the conversation by highlighting the importance of estate planning within Flushing’s diverse community. She noted that many elderly residents often feel unsure about how to manage their properties as they age. The availability of this service, offered in familiar languages, helps residents understand how to safeguard their assets and ensure they are inherited by the next generation.

The estate planning services will be available at five locations across New York City this month, offering free consultations and assistance to thousands of eligible residents. Adams reaffirmed her commitment to keeping New Yorkers in their homes and communities, stating that this initiative is vital to achieving that goal.

Comments are closed.
MNBBS | QQ-News | 001NEWS | GoLuckGame