Americans are confused. They're confused about estate planning and rightfully so, it's a diverse topic. Should you create a will, a trust or both? It depends because they serve different purposes, but both can be beneficial to form a complete estate plan. Will and...
What steps can I take to make creating my New York will easier?
The formation of a will is perhaps the single best thing you can do to protect your assets prior to your death. Currently, New York State recognizes a person who dies without having formed a will as “intestate.” If you are deemed intestate after your...Estate administration in New York doesn’t have to be difficult
When you are the executor of a will and it requires you to administer the estate of a loved one who has passed away, the responsibility can be overwhelming. It is daunting to say the least and a job in and of itself. It means that you must have an intimate knowledge...Long-term care planning and New York state law
Despite our best attempts to remain young forever, even the most resilient of us must eventually face the prospect of growing older. Entering an advanced age brings about a unique set of challenges that must be addressed. For example, thoughtful long-term care...What is a fiduciary in New York?
When doing estate planning in New York, you may come across a number of terms and definitions for things that you do not fully understand. This is normal, as most people have no experience with estate planning when they start, and it is to be expected. However, it is...Estate planning: Business succession in New York
While proper estate planning can help all New York residents trying to get their affairs in order, those who own their own businesses can face a particular set of challenges requiring special planning. Many times, it is those who start out as employees at larger...What do childless couples need to know about estate planning?
The two most important things that New York couples without children need to decide in their estate plan are: (1) what will happen to their property after they die; and, (2) who they want to manage their financial affairs and medical affairs in the event that both...What are the different types of trusts?
When it comes to estate planning, whether in Rochester or other areas of New York, the legal jargon can cause confusion. For example, when people hear the term legal trust, it sounds simple, but when they learn that there are many different types of legal trusts, they...Getting your will in place brings peace of mind
Getting a will in place that you have thoroughly thought about can give you peace of mind that will allow you to enjoy your remaining years without fretting over what may happen if you pass without your final wishes being met. Even young people need to be thinking...Important facts regarding probate litigation in New York State
When a person dies in New York State the Surrogate’s Court becomes the venue which will decide on the proper supervision of the decedent’s assets and property. Typically, this process will begin by establishing the validity of the decedent’s will....
