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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...
Even if you have a relatively small estate, distributing assets to heirs is no easy feat. That's why knowing how to avoid common mistakes is so important. Doing so can save you money on taxes and legal costs, while also knowing your family will be well cared for after...
Estate planning requires you to begin preparations for moments in your life you hope will not happen. While picturing yourself in a mentally incapacitated or near-death state is not pleasant, you need to keep in mind that it is still a possibility in the future. In...
You all love each other as a family. Despite your differences and your drama, love is at the center of your relationship, and a common connection with an elder family member like a grandparent or aunt could be the reason for the strong bonds. However, loss tests these...
