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...
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...
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...
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...
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...
A succession plan has a major influence on what happens at a business when an owner or executive leaves. Some people only start preparing the succession plan when they decided it's time to retire or they receive a job offer at another company. The problem with a...
When someone is subject to a guardianship in New York, the person in the role of guardian has usually presented a strong case in court showing that the adult requires the support of a guardian. Financial blunders and medical records are common evidence in guardianship...
Your estate plan is largely a reflection of your values and your relationships. Your wishes may change when your relationships with different family members evolve over time. You may need to add more information to your estate plan as you acquire new property or add...
Your will should include the terms and conditions that matter most to you regarding the distribution of your property after you die. From providing the most valuable assets to your most valuable family members to carefully designating certain property to specific...
Estate planning should start at a relatively young age, particularly if you have children. Wills should be updated after each major life event, such as the birth of children or grandchildren, divorce and the death of benefactors or an executor. There are instances...
