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When you choose an attorney-in-fact, also called a "power of attorney," you give this individual the right to make decisions on your behalf. These decisions typically regard your healthcare, finances and legal matters. Accordingly, you must choose your...
When married couples in New York and around the country divorce, their debts are divided along with their assets. A few states have community property laws that require assets and debts to be divided equally, but New York is what is known as an equitable distribution...
When dividing your family's expenses during divorce, private school tuition will likely loom over your head. If your children attend an elite academy, this fee can cost thousands of dollars per year. This considerable expense could cause fights between you and your...
Every New York adult should plan for the future by having an estate plan. A last will and testament is one of the most basic parts. However, once the person is gone, and the circumstances regarding the creation of the will are fully known, the heirs may have valid...
The problems kept adding up related to your father’s trust. Overdue tax notifications surfaced. Distributions to you and other beneficiaries often were late or completely dismissed. And the clincher was that the trustee was seldom available due to his extensive global...
Buying a home is a multistep process, and any number of issues may arise that complicate matters and throw a wrench in the works. In some cases, you may want to make an offer on a home on a conditional basis, and this is where something called contingencies come into...
If you have philanthropic aspirations in New York and want to give back as much as possible, charitable trusts come with a number of financial benefits that may be helpful to you. People use them to optimize their assets for their beneficiaries, charities and...
Charitable giving can be immediately beneficial. Research has uncovered many health boosts, including higher levels of self-esteem, lower levels of stress and depression, lower blood pressure, and increased happiness. To put it simply: You feel better about yourself....
There are a variety of reasons someone in New York would pursue guardianship of an adult. Some children have disabilities from birth that prevent them from fully caring for themselves as adults while other adults may no longer have the mental capacity to make...
Divorce is an unfortunate reality for many New Yorkers. It can impact every area of your life, including your business. Even if your spouse isn’t listed as an owner of the business on any of the paperwork, your business may still be considered an asset subject to...
