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 trust....
Year: 2018
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...
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...
Strategies to care for a pet as part of an estate plan
It might sound unusual, but many New Yorkers who are taking the wise step of creating an estate plan will want to include their pets in some way. In truth, it is not unusual at all. People treat pets as part of their family and will want to ensure that the pet is...
Handling inheritances if heirs are non-marital children
Family situations in New York can come in many shapes and sizes. Most are not neat, simple cases in which there are parents and marital children. There are divorces, remarriages, children with different parents, stepchildren, adopted children and more. While this is...
What is the relevance of the domicile in estate administration?
In New York State, the death of a loved one can be a difficult time for the family members left behind. The executor of the will, the status of the heirs and how probate administration will be handled are all issues that must be asked even in a time of sorrow. One...
Facing the challenges of an estate executor
With greater life experience comes greater expectations. As an individual who has faced and succeeded in their share of challenges, it is natural that the people will come to depend on you. For some, this may include depending on you to settle their end-of-life...
What you need to know about becoming the guardian of a loved one
Growing older is a natural part of life, but as people age, they may struggle with dementia, Alzheimer’s disease or other cognitive issues. These ailments affect their brain and lead to memory loss and problems performing tasks they were previously able to...
Estate planning can be different for creative people
New Yorkers and people across the nation pay attention to the deaths of celebrities. It is a natural point of interest when prominent people in any industry die, so this should come as no surprise. Also of interest is how these seemingly wealthy and accomplished...