Adding a child to a family often means drastically changing the household's budget and lifestyle. Whether a young child is the first in the family or the third, they will have financial and care needs that their parents must address. Parents often structure their...
Estate planning is not just for the wealthy. It is an essential process that ensures that someone’s assets and affairs are managed according to their wishes during and after their lifetime. It is also a way of ensuring that someone’s loved ones are taken care of after...
When someone creates a power of attorney, this effort grants another individual the ability to make decisions on their behalf under specific circumstances. These could be financial decisions, such as giving that person authority to make decisions on behalf of their...
The decision to draft an estate plan gives someone control over their legacy and also helps them to protect their interests in the event of a medical emergency that results in medical incapacitation. However, not everyone in New York can create estate planning...
Not making an estate plan in advance can have some very serious consequences for your family. This is problematic because statistics show that most people have not yet done their estate planning. That means their families could face a litany of issues that could’ve...
When you’re the parent of adult children who have very different personalities, experiences and needs, trying to divide your estate in your will amongst your heirs fairly can produce a lot of angst – because you know that “fair” and “equal” aren’t always the same...
Family legacies can come in many forms. For those with ties to the land, a legacy might involve running a ranch or creating a public park with family lands. For others with an entrepreneurial spirit, a family legacy might involve a company that is run and owned by...
When someone dies, what they choose to do with their personal property will be a major part of their long-term legacy. The individuals and charitable causes that benefit from their estate will likely long remember someone's final acts of financial generosity. What...
Estate planning is a deeply personal process that often requires someone to go into great detail about their preferences for their legacy. Testators creating or updating wills, trusts and similar documents often need to fixate on specific types of property, such as...
Becoming a parent is joyful and also terrifying. New parents often struggle with the weight of responsibility for being the primary provider for another living being. For the first few years, that new life is entirely dependent on outside support. Even after children...
