It goes without saying that everyone in New York can use some type of estate plan. For those who are facing the prospect of a significant tax bill because they have major assets, it is not enough to have an estate plan. It is also necessary to have a grasp on how the...
If you have an advance medical directive on file, you are ahead of the curve. Most Americans have not taken this step to ensure their wishes are upheld if they become incapacitated. If you have not created an advance medical directive as part of your estate plan, you...
Regardless of their net worth and assets, New Yorkers can always benefit from having a comprehensive and well-drafted estate plan. However, there are mistakes that can upend any estate plan, no matter how much forethought the testator puts into it. This is true no...
Estate planning is about protecting your plans and your legacy. It is about safeguarding your future and putting your wishes on record. To be successful, an estate plan should do more than just account for all of your assets. The best estate plans take into account...
New Yorkers who create an estate plan are doing so with the interests of their loved ones in mind. This is an act of kindness to ensure that all the issues that need to be settled when a person dies can be done with relative simplicity. However, there are often...
A last will and testament is an important part of any estate plan. A will is one of the few estate planning tools that is useful for almost everyone. That said, there are things that a will cannot accomplish. Depending on your goals in leaving a legacy, you may want...
New Yorkers who have created an estate plan should not sit back while time passes without making changes to that plan. While this might seem to be an arduous chore, it is a key part of having estate planning documents that address all issues. Fortunately, estate...
In New York, it seems more common for people to have pets than to not have pets. A concern for caring pet owners is what will happen to their pet after the owner dies. Many might not be aware that it is possible to take estate planning steps to address these issues....
New Yorkers will take many steps to prepare for the future by crafting estate planning documents. However, there are always factors they might miss that can be costly to their heirs. Knowing how to prevent common mistakes requires taking the preemptive steps to avoid...
As years go by in a marriage, it is not unusual to find married couples holding title to recreational property in another state. Perhaps it was a cabin in Vermont the family enjoyed while the kids were young. Or it might have been a condo for wintering in Tampa. But...
