Having an estate plan in place can be an enormous relief. Knowing what will happen and when it will occur can bring peace of mind that you never imagined possible. One of the major issues with an estate plan are the tax consequences. You can pass on your assets and...
Sometimes, people get so caught up in devising ways to distribute their property and assets after death that they fail to spend sufficient time deciding who should be in charge of those tasks. Arguably, the persons or institutions you name as the executor of your...
In the past, same-sex couples had to do much of their estate planning individually, seeing as how they could not get married. However, when the Defense of Marriage Act was overturned, same-sex marriages became legal in many states, and this changed the rights that...
Do you have an estate that is worth more than the cap for the amount of gift and estate tax exemption? If you have an estate of any size, a private annuity may be the way to go to avoid taxes that your heirs will have to pay. A private annuity transfers property to...
The baby boomer generation is not getting any younger and more and more individuals in this age category are entering into retirement. However, a lot of them are doing so without any kind of long term care plan finalized. This is because some people think it is too...
Most New York residents are using Facebook these days, but did you know that Facebook can also be incorporated into your estate planning? One of the easiest things you can do is simply provide your login details to a trusted family member so that your family can have...
When you pass away, what happens to all your digital accounts? You have music on your computer, books on your tablet and online bank accounts. So what are you and your attorney going to do about an estate plan that includes your digital world? You may have a will that...
Estate planning in New York usually has a will involved. A trust may also figure into the planning of an estate. Your will can be long and detailed or simple and to the point. Depending on your needs, you may want to begin your estate planning with a capable attorney...
Although most things are done together in marriage, there is no such thing as a "joint" estate plan. Spouses will have to have their own separate wills, powers of attorney, advanced medical directives and other documents. In some cases, couples might share a joint...
When you begin to accumulate wealth, you begin to realize that there are people and creditors who want a piece of your assets. There are tools you can use to protect yourself and your business that can go a long way to ensuring that tax collectors, accident victims...
