Estate planning can involve a variety of different tools and tactics. Someone's goals for their personal legacy and the nature of the assets they have accumulated will influence how they manage the process. Some people rely on a trust to keep their biggest resources...
Estate planning often entails someone setting aside resources for the next generation. An individual may choose to leave property for their children and grandchildren. Oftentimes, families expect that a testator will divide resources evenly among beneficiaries or at...
People can very easily find reasons to indefinitely delay creating an estate plan. Those who have not yet married often tell themselves that they don't need an estate plan until they have family members who depend on them. What unmarried individuals may overlook is...
Those who make a point of including all of their most valuable assets in a will or trust can reduce the likelihood of loved ones fighting when they die. Occasionally, testators need to revisit their estate plans to remove liquidated assets, add new beneficiaries or...
Someone who is putting together an estate plan in New York has to think about what they want to leave for their loved ones when they die and also what needs they will have as they continue to age. An estate plan can address incapacity and future medical expenses in...
Those with children and grandchildren usually intend to leave assets behind when they die to support their loved ones. Children and other descendants are often the primary beneficiaries of modern estate plans, as testators frequently want to provide as many resources...
If there is just one step that people need to take when thinking about what happens after they die, it is committing to actually creating an estate plan. Frequently, adults procrastinate making this effort despite knowing how important estate planning is for their own...
When a couple becomes parents, it’s often a great time for them to start working on an estate plan. Technically, anyone can make a plan after they turn 18. But many people don’t think about it until some sort of life event occurs that shows them how important it may...
It can be embarrassing or emotional to discuss financial matters with loved ones. Some people simply don't like the idea of talking in depth about their personal wealth or their legacy wishes. Others have complicated family circumstances and are concerned that their...
Estate planning is as much about choosing the right people to manage someone’s interests as it is about providing instructions regarding the distribution of one's property. In fact, both the living documents and testamentary documents included in an estate plan...
