A health care proxy can wield a significant amount of power. They are important figures in your estate plan, so it’s important to understand their duties before you appoint one. What decisions can health care proxies make? A health care proxy will make just about any...
Estate planning considerations for less traditional families
New York state is among the 14 states in the U.S. that legally recognize gay marriage. This number, however, is expected to grow in the coming years as more states push for the rights of same-sex couples to wed and enjoy the same rights and benefits as heterosexual...Why it’s imperative to plan for long-term care costs
Many people wrongly assume that estate planning simply equates to having a will. While a will is certainly the foundation of most comprehensive estate plans, there are numerous other considerations for which individuals must plan and prepare. For example, taking steps...Estate planning and the importance of managing expectations
When it comes to estate planning, there is often a lack of communication between aging parents and their adult children. Grown children may be unaware of whether mom or dad even has a will much less what requests are covered in that will. Regardless of actual...Something to talk about: Discussing an estate plan with children
Estate planning can be a very difficult topic for New York parents to approach. People do not exactly enjoy making plans for after they have died so it can be an easy discussion to put off. But while it is true that many people feel uncomfortable discussing what will...
