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...
Drafting a New York will needs a New York attorney
Proper planning for your children’s future, and for those charities that you are involved in, is important to most of us. It can be confusing because you want to do it correctly so that if there is an issue, it can be easily solved and the right people will...Avoiding potential pitfalls in your long-term care planning
One advantage to the rapid development of medical technology is that it is allowing us to live longer. As people live longer, their chances of developing diseases associated with advanced age also increase. This can be especially difficult for families of individuals...What does the term decanting mean for my New York trust?
One of the biggest considerations in estate planning is avoiding an adverse tax consequence. When a person dies and his or her estate goes to another, there is often an estate tax associated with that transfer that must be paid. These estate taxes can be quite...2 vital estate planning tax issues
When it comes to estate planning, the more a New York resident knows about tax exemptions and tax laws, the better off he or she will be. The following are two tax issues that the average estate planner should know about. Estate planners should know about changing...Why a guardian is so important in New York
It’s not fun to think about you and your spouse passing away while your child is still a minor, but it’s something you have to think about in order to provide the best possible life for that child. This is something that people often put off or avoid...What are some typical probate issues in New York?
In New York State, the Surrogate’s Courts are tasked with handling disputes involving probate litigation. There are a variety of issues that can arise after a person’s death. For example, family members may contest the legitimacy or intentions of a...Professional help needed to avoid expensive taxes on estate
When you are planning for the future of your heirs, part of that planning is what you will do you’re your assets, property or as it is commonly called, your estate. You may not realize that in New York, there is an inheritance tax. You can look into this and...Nursing home selection and long-term care planning
We live in a glorious time of tremendous advances in medical science. Improved treatment of diseases, better nutrition and many other factors mean that many of us will live longer than previous generations. Unfortunately, extended life expectancy also means that many...Robin Williams’ widow questions interpretation of his trusts
An unfortunate legal battle has surfaced in the case of Robin Williams’ estate, and the issue has left his children “heartbroken,” according to legal documents. In December of last year, Susan Schneider Williams — who was married to the actor...
