Once you have made some decisions about how you want your estate to be handled, you need to designate someone to carry out your wishes as your executor. While a lot of people simply pick their oldest child for the job, that’s not always the wisest move. It’s a big...
Month: December 2023
2 instances when it’s crucial to update your estate plan
As life evolves, so should your estate plan. Otherwise, the documents that you’ve put in place may not accurately reflect your wishes upon your incapacity or death. Major life events such as marriage, divorce or a new addition to your family can drastically change...
How future health issues can influence the estate planning process
Someone who is creating an estate plan often focuses on the people they love more than on themselves. They want their children, spouse or other loved ones to receive financial support and also an inheritance that reminds their loved ones of the relationship that they...
How can you disinherit an adult child in New York?
There may be many different reasons you might want to disinherit an adult child. You may simply feel like your child has enough assets and money already, so you want to put yours to better use. You may have given them their share of your estate in advance, to support...