Many people can become overwhelmed by the estate planning process due to how complex it seems. However, most estate plans are not complex at all. Indeed, for many people estate planning is a relatively straightforward process that includes a simple will. To that end,...
When making a trust, a trustee is generally chosen because they are reliable, honest, and have a fair amount of financial acumen. However, while a trustee might have demonstrated these qualities at first, beneficiaries might find that their trustee is breaching the...
For various reasons, some people write their own wills without input or service from legal professionals. They may want to save money by not hiring a lawyer, or they may believe they have the expertise to handle it. However, writing your own will might actually cause...
All New York residents can benefit from having an estate plan, no matter how young or old. It is commonly assumed that estate plans, wills, and trusts are necessary when someone is old, near death, or becomes incapacitated. However, as recent events have taught us...
Creating an estate plan is one of the most crucial steps you can take for your family. How you divvy up your estate may set the tone for what happens after you die. New Yorkers who want to protect loved ones from litigation during probate need to do what they can in...
Your estate plan should always reflect any changes in your life. This includes the loss of a spouse through divorce, which often requires an immediate update to your estate plan. There are multiple estate planning documents that you may need to change when you...
Perhaps you felt honored when a loved one asked you to serve as his or her executor. You may have agreed without truly understanding what it would entail. Now that your loved one passed away, you need to determine whether you can fulfill the duties of the job. Before...
If your grandchild needs legal protection after their parent dies or is unreliable, do you know what action to take? Do you want to petition for custody or guardianship? Which one is better for your unique situation? The answer involves the complicated field of New...
When many people about estate planning, they often think that it is reserved for only high net worth individuals with millions of dollars and a sprawling family to whom they will distribute their assets. However, in almost all cases lower-income and middle-class...
Unfortunately, no one lives forever. As New Yorkers age, it is important to make plans for the end of their life. These plans should include retirement and estate planning. In spite of this, CNBC reports that 45 percent of Americans 55 years and older do not have a...
