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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....
An irrevocable life insurance trust, or ILIT, allows you to invest in a life insurance policy and use a trustee to handle your New York estate. The terms must be irrevocable or unchangeable, and an agreement must be drafted between the grantor and the trustee. There...
One of the drawbacks of having a will as opposed to a trust is that wills tend to be easier to challenge. However, this doesn't mean that you necessarily have the right to contest the terms of a loved one's estate plan. It also doesn't mean that you should pursue a...
If you are wondering what to do when your spouse in New York wants a divorce, here are some things to consider as things unfold. If you have children, don’t move out When divorce is imminent, it is common for one spouse to move out of the family home to avoid the...
