More and more American couples are opting not to get married these days. As for those who do get married, though, many are deciding to wait until they are much older to tie the knot. Also, divorced and widowed Americans are also choosing to forgo remarriage and...
When you pass away, you will want to have an estate plan in place to help your heirs know what you want done with your belongings and assets. Someone will need to be made a trustee or an estate administrator. You can put all of your belongings in a trust that this...
A lot of New York parents are caregivers for adults or parents of young children. This means that these individuals are caring for another person who is unable to independently care for him or herself. Because of this dependent relationship, estate planners who serve...
Recently, there has been several stories in the news about young people dying intestate. That means there is no will, no estate plan, no executor listed in any legal document. Estate plans aren't just for the old and/or wealthy. They are for everyone who has...
Since 1955, the average lifespan of Americans has grown by 10 years. This is a very important point in terms of estate planning and financial advising. According to one financial advisor from Merrill Lynch, as the life spans of Americans increase, so too does the risk...
Estate planning largely revolves around creating wills and passing assets on to family members. Children and spouses are given money, investments, property and more. This makes single people often think they don't need to do any estate planning. After all, if you've...
The wealthiest individuals in the United States tend to be well-educated and have a great deal of business savvy, but this does not seem to be helping complete the basic elements of estate planning. According to the CNBC Millionaire Survey, 38 percent of individuals...
When doing estate planning in New York, there are many factors you have to keep in mind, but one thing that often goes overlooked is sibling rivalry. No parent wants to think that his or her children are going to fight over money or property. However, this is...
In cases where one or more spouse has children from a prior marriage, estate planning can get more complicated. It does not matter how well a family gets along now, there could be conflicts after a death when it comes to inheritances. For this reason, New York estate...
The Supreme Court has just ruled that gay marriage has to be allowed everywhere. This is a huge case, and it's a landmark decision that will go down as one of the biggest rulings in U.S. history. While it's true that gay couples in New York have been allowed to marry...
