Trusts are arguably one of the most useful and versatile documents a person can add to an estate plan. They offer creative solutions to money management while offering efficient ways to provide for one's heirs. Most New York residents have heard a great deal about...
Your estate plan should be individually tailored to your wishes, your situation and your family. One thing you might want to consider about your estate plan is whether it is likely to prevent future family disputes or cause them. This is an especially appropriate...
While you're free to do whatever you want with your will, it's often best not to keep it a secret. You don't really want there to be any surprises for your children regarding what they're going to inherit--or, perhaps more importantly, what they're not going to get....
One of the harshest realities of life is the fact that not every adult is able to care for him- or herself. At some point in all of our lives, it is likely that we will need to rely on someone else for our health and well-being. In some cases, we may be so...
You may know that it's quite important to update your will. Despite the fact that most people don't do it often enough--one study found that a full 86 percent of people had not updated at all in the previous five years--you know that changing circumstances and assets...
If someone you know has recently died, or if you have a loved one in the golden years of life, then probate processes are likely in your future. This is especially true if your loved one has asked you to be the executor of his or her will, which means you will have...
It is a topic few people embrace, but it is a necessary discussion all the same: Long-term care planning for your elder loved ones. Like estate planning, which many associate with the death of a family member, long-term care planning can be a difficult subject to...
When people tell you to write a will, they'll often suggest that you should at least have a document saying you leave everything that you own to your children, or something similar. While this can be helpful, it's important to note that such general wills aren't...
An inheritance is typically money given by a parent to a child when the parent passes away. This has been true forever, but some parents choose to buck the trend and give their children the money in advance. One woman said that she did it to help her daughter buy a...
There are a lot of ways that a sound estate plan can benefit your business. In fact, getting things organized in this regard should be an essential part of your business strategy. This is because -- if you die unexpectedly -- the government can hit your business with...
