As you grow older, you may decide that it makes sense to put someone else's name on your bank account so that he or she can assist you with transferring money, paying the bills, and the like. For example, if you have a son or daughter living near you in Rochester, you...
Month: February 2016
Those in creative professions must have updated wills
Wills are very important for everyone, including those in creative professions. This could include writers, painters, graphic designers and musicians. Experts and others in the field have encouraged people in these industries not only to have wills, but to update them...
The components of a trust
A trust document allows you to spell out how you want the property contained inside the trust to be distributed to beneficiaries. This article will discuss the various essential components of a trust that are required for its creation. First, you need to have an...
Who will manage your trust? Choosing a trust administrator
When a New York resident decides to create a trust, one of the most important decisions they must make is who will serve as trust administrator. It is crucial to think about this decision carefully before making the decision. After all, this person will be responsible...
Do you know what depression looks like?
Whether you are planning for your own later years or working with an older loved one to develop or implement long-term care plans, you should know some of the signs of depression. Depression can happen at any time in life, but it is often common when someone is facing...
Estate planning for complex financial situations
Estate planning can often be complicated, and this often increases when looking into creative ways to set up an estate so that it benefits other family members in the future. However, these creative approaches can sometimes increase the value of the estate and set...
Should your child consider estate planning on the way to college?
As your child goes to college, you're probably thinking about many different ways that you can provide for him or her, even though you won't be living under the same roof. Since students could be many miles away and relatively independent for the first time, it's also...
What do millennials need to know about estate planning?
No matter how old you are, it is important to have an end-of-life plan in place. Nevertheless, approximately 55 percent of adults in our country pass away without an estate plan or a will. Considering how easy and inexpensive it is to complete a basic estate plan that...
Do new parents need an estate plan?
If you've recently brought a new bundle of joy home, we know you have a lot on your plate. From feeding and sleeping schedules to choosing the toys that best bring out your growing baby's curiosity and development, simply supplying your little one can be an enormous...
Help your loved ones avoid probate litigation after your death
It is often difficult to contemplate the end of your life. We all know we will pass away one day, but most people do not like to think about that. It is understandable to feel this way, but it is also unwise. The legacy we leave behind is not simply the sum of our...