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...
Why trusts are a wise step for New Yorkers’ estate plans
A mistake that people in New York and across the country will often make is to believe that a lack of major wealth means that formulating an estate plan is not a priority. The reality is that everyone can use a comprehensive and well-designed estate plan specifically...What are the basic requirements for drafting wills in New York?
When a New Yorker decides to take the necessary steps to create an estate plan and craft a will, the basics will sometimes get lost in the process. However, it is imperative to remember that there are some baseline legal requirements for legal wills. The person who...Will health care be out of reach soon?
Health care costs have continued to rise at an alarming rate. Health care needs often grow as we age. For many of us, the potential cost of health care for our later years is enough to cause us to lose sleep. Long-term care insurance is one of the solutions some are...Understanding the consequences of dying without a valid will
Residents of New York might know that they should take the necessary steps to create an estate plan such as having a will. For all the good intentions that go along with will planning, it might be put off until later, repeatedly. Procrastination is a profound negative...Thinking about care decisions in advance
Estate planning covers decisions about financial matters and the creation of one’s legacy. it also covers immediate and important decisions about health care and a person’s preferences for the end of life. Advance care planning is not something that should...Preparing and avoiding the potential of estate litigation
When a person in Rochester and throughout New York State prepares for the future and crafts an estate plan, a nightmare scenario is that it will be vulnerable to a will contest. There might be a family member who will consider challenging a will. There are multiple...
