If you think that estate planning in New York sounds too comprehensive and complex, making it rather intimidating, it can be easier to break it down into separate parts. Below are five key areas that you need to consider: 1. Probate. This is the legal term for the...
Although many millennials have yet to acquire enough wealth for asset distribution to heirs to be an issue of concern, they may want to make a plan for how their affairs should be handled in the event of incapacitation. In this regard, millennials should ask...
As you grow older, you may decide that it makes sense to put someone else's name on your bank account so that he or she can assist you with transferring money, paying the bills, and the like. For example, if you have a son or daughter living near you in Rochester, you...
Estate planning can often be complicated, and this often increases when looking into creative ways to set up an estate so that it benefits other family members in the future. However, these creative approaches can sometimes increase the value of the estate and set...
As your child goes to college, you're probably thinking about many different ways that you can provide for him or her, even though you won't be living under the same roof. Since students could be many miles away and relatively independent for the first time, it's also...
If you've recently brought a new bundle of joy home, we know you have a lot on your plate. From feeding and sleeping schedules to choosing the toys that best bring out your growing baby's curiosity and development, simply supplying your little one can be an enormous...
Every New York resident should make it a practice to review his or her estate plans each January. Indeed, life circumstances can change throughout the year, and the best way to ensure those changes do not conflict with your existing estate plan is to perform an annual...
Think that estate planning is just for the rich? While passing along assets may not matter as much if you don't have a lot, there are still very important estate planning steps that you need to take in New York. First, you may still have assets, even if your bank...
It's a blessing to win the lottery, but it can also be a curse. Winnings need to be managed carefully if you want them to last the rest of your life and provide for your family when you're gone. So, while we're all hoping that we win a billion-dollar jackpot from...
Most estate planning errors can be avoided if you're willing and able to put in the time and energy in advance. Make sure you know the legal steps that need to be taken and the tactics you can use to eliminate mistakes, ensuring that everything really happens the way...
