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...
Tax implications can be mitigated with proper estate planning
As New Yorkers address their needs for a comprehensive estate plan, those with significant assets must pay strict attention to tax implications and how their heirs will be shielded from onerous and unexpected expenses. Much has been said in the media as to how the new...Lawyers, judges & officers bake for domestic violence awareness
Bright Spot: Judges, lawyers head to the kitchen for a cause A community banding together to raise awareness for domestic violence can take many shapes, but on October 16th, 2018, it took the shape of baked goods. That is when Willow Domestic Violence Center, in...What is a guardianship for the intellectually disabled?
For many New Yorkers, future planning must include strategies to protect those who are unable to protect themselves. This can be a complicated as many are completely unaware of what steps need to be taken to ensure that a vulnerable loved one is fully shielded from...Handing off your small business
Running a small business takes hard work and determination. As a small business owner, you have never backed down from challenges, and now you can enjoy the fruits of your labor in the form of a strong, successful business entity. Any business owner knows that proper...Understanding living trusts and the options available
There are many estate planning devices available for New Yorkers. The individual goals and necessary strategies to achieve them dictate whether wills, trusts or other alternatives will suit the person’s purposes. One option that might be useful is a living...Preserving a legacy in an estate plan requires legal advice
Since New York is a state with such a vast array of people with different lifestyles, goals and interests, an estate plan must address the individual’s needs in a similar way. For some, the estate plan requires strategies for legacy planning. With a legacy plan,...The Intersection Of Divorce And Taxes
For many people who have never gone through the process, divorce might seem like it should be as simple as getting married. In practice, the two events have almost nothing in common. They both come with legal consequences, but that is where the similarity ends....The Power Of Trusts In The Spotlight
It is nearly unheard of for the death of a celebrity to lead to positive headlines about estate planning. The typical news that follows is about who has been disinherited and what feuds arose out of the proceedings. There are several reasons why celebrity cases should...
