Taxes are one of the many financial considerations that people need to learn about when planning an estate in New York. Those who fail to consider taxes when planning their estates may end up having the government lay claim to a sizable portion of their estates. There...
People can very easily find reasons to indefinitely delay creating an estate plan. Those who have not yet married often tell themselves that they don't need an estate plan until they have family members who depend on them. What unmarried individuals may overlook is...
There many challenges arise as people age, some of which may require outside help. People tend to think of financial professionals and medical professionals as the main sources of support that they will require in their golden years. However, quite a few people...
Those who make a point of including all of their most valuable assets in a will or trust can reduce the likelihood of loved ones fighting when they die. Occasionally, testators need to revisit their estate plans to remove liquidated assets, add new beneficiaries or...
Someone who is putting together an estate plan in New York has to think about what they want to leave for their loved ones when they die and also what needs they will have as they continue to age. An estate plan can address incapacity and future medical expenses in...
Those with children and grandchildren usually intend to leave assets behind when they die to support their loved ones. Children and other descendants are often the primary beneficiaries of modern estate plans, as testators frequently want to provide as many resources...
As individuals age, their overall health and cognitive function can decline to a point where they struggle to live independently. They may become dependent on professional caregivers or members of their family for day-to-day tasks. A guardianship involves someone...
If there is just one step that people need to take when thinking about what happens after they die, it is committing to actually creating an estate plan. Frequently, adults procrastinate making this effort despite knowing how important estate planning is for their own...
When a couple becomes parents, it’s often a great time for them to start working on an estate plan. Technically, anyone can make a plan after they turn 18. But many people don’t think about it until some sort of life event occurs that shows them how important it may...
It can be embarrassing or emotional to discuss financial matters with loved ones. Some people simply don't like the idea of talking in depth about their personal wealth or their legacy wishes. Others have complicated family circumstances and are concerned that their...
