You want a thorough and sound estate plan. However, something bothers you, and that is your children’s relationship with money and their questionable decisions centered on money. You may describe such behavior has irresponsible and reprehensible, but you must keep...
Month: December 2022
What every late-in-life parent should know about estate planning
The timeline for becoming a parent is not the same for everyone. At the age of 48, you became a father. As a late-in-life parent, you will face the same challenges and tasks as any new parent. That means waking to feed the baby at all hours of the night and making...
Why do people draft two different powers of attorney?
Simpler isn't always better, especially when it comes to estate planning. People need to really consider their current risks and future needs when deciding what documents to include in their estate plans and how they structure those documents. Often, the inclusion of...
What to expect during the New York probate process
Some adults create thorough estate plans that rely on trusts and special paperwork to transfer property when they die. When successful, these complex plans can allow someone's estate to bypass probate court entirely. Frequently, at least some of a person's property...
Does New York allow for the use of electronic or digital wills?
Traditionally, someone's last will is a handwritten document or at least a physical paper that they sign or make a mark on in the presence of witnesses. Adhering to state law during the creation of a will is crucial for those who want to have control over their legacy...
Is it legal for you to disinherit immediate family members?
While you may have very strong feelings about what others will do with your property when you die, your family members may already have their own expectations. It is surprisingly common for immediate family members to have a profound sense of entitlement when it comes...