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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...
After you pass, and leave behind an estate you cannot always control what happens to your property. Your family or beneficiaries may fight over who gets what, and the estate may be tied up in court for years. However, there are some important steps that yo can take to...
When creating an estate plan, many wonder whether they need a trust, and if so what kind. To that end, there are generally two kinds of trusts, revocable and irrevocable - both of which operate differently, and help achieve different estate panning goals. The main...
Estate planning is something all New York residents should do to protect their families. It’s important to know when you should update some or all of its component documents. There are various situations that make it necessary. Your marital status has changed Whether...
If you live in New York and are nearing retirement, it's an excellent time to consider estate planning. Doing so can help minimize expenses and taxes, ensure your property goes to the proper beneficiaries, plan for any incapacity and safeguard a business you own....
