No one wants to leave behind a mess for their loved ones to deal with. The goal of estate planning is to ensure that your estate is distributed according to your wishes and in the easiest possible way for your heirs. Unfortunately, should you pass away unexpectedly...
Sometimes, after a person has a will in place, they experience a major change in their life, such as: a marriage, a birth of a child or a drastic shift in their financial circumstances. Such changes can give rise to significant estate planning concerns, and it can be...
When looking at the latter years of life, there are a variety of financial factors for New York residents to consider, including expected living expenses, medical costs, projected income, savings and more. One key aspect of long term care planning is making sure that...
Preparing now for the future is a responsible decision that may safeguard your family and your wishes in the future. But what if an individual is single and does not have a spouse or any children? Who will safeguard that individual's future? According to a 2013 report...
Many New York residents likely saw and read the news stories about the fatal car accident that claimed the life of actor Paul Walker last November. At the time of his death, the 40-year-old star of the Fast & Furious movies was worth an estimated $25 million. He...
Many people wrongly think of estate planning as a one-time event. For most people, however, life changes necessitate that changes also be made to important estate planning documents. While an individual may choose to update or revise estate planning documents for many...
According to the American Association of Retired Persons, every day across the U.S., an estimated 8,000 individuals turn age 65. This trend is expected to continue for the next several years as individuals who make up the baby boomer generation approach and live out...
We often provide information and advice related to estate planning in terms of establishing a will, trust or living will. However, every year millions of Americans are on the receiving end of those wills and trusts and must sort out what to do with inherited assets....
Many people wrongly assume that only very wealthy individuals or those with many assets and belongings need an estate plan. In reality, however, even individuals of modest means likely have sentimental possessions they wish to leave to children, grandchildren or close...
In our last blog post, we discussed the benefits of designating a power of attorney when planning for future financial needs and security. We also looked at how family members can gain conservatorship rights in cases where a loved one has failed to designate a POA. In...
