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...
Required minimum distributions when doing estate planning
When you’re doing estate planning in New York, you’re planning for your future and the future of your family members. If you’re using an IRA for your retirement, there are a few things you must know. First, there are required minimum distributions,...Long term care planning in New York doesn’t have to be hard
When you contemplate long term care planning in New York, you might want to consider what the general rules are before going too deeply into the subject. What do the documents need to say and how will the court look at your plan, if it should come to that? When a long...What should I know about appointing trustees of my estate?
Good estate planning is nothing more than laying the groundwork for what should happen after your death. Although estate planning can sometimes contain very complicated rules and procedures, it is really all about setting forth a plan and then granting authority to...Does creating a will automatically protect my online legacy?
Here in New York, the legal document that tells a court how you want your property and assets distributed is called a last will and testament. Up until very recently, it was fairly easy for the executor of a will to use a decedent’s bank statements and unpaid...The probate administration process
Probate litigation is one of the things that a well-planned estate is intended to avoid. However, the best laid plans of mice and men often go awry and probate litigation or a probate dispute is unavoidable. Probate litigation may involve the contestation of an...An executor’s error can be costly in New York
If you’re trying to figure out who you should make the executor of your estate, the person who will ensure that your will is handled correctly after you pass away, make sure that you choose wisely. Errors that this person makes can be very costly. For example,...Legal aid can help with estate planning in New York
When you are beginning the process of planning your estate in New York, one of the issues that you need to pay close attention to is the taxes, both federal and state. Your inheritors will pay an extremely high price if you don’t get an attorney who has...Why long-term care planning is important for your parents
Many of us will enjoy the privilege of being able to spend time with our parents as they grow older. We are fortunate to live at a time in human history where medical advances make it possible for people to live well into their 70s and 80s. Unfortunately, one of the...Do business owners need to keep their estate planning current?
Many people consider estate planning something you do in preparation for your final days. As some people grow older, they become more concerned about things like drafting a will or creating powers of attorney should they become disabled by advanced age. While both of...
