While you may have a good idea of how you want medical care to be given out if you need it, it's wise to make sure that someone else also knows and has the power to make decisions on your behalf, in accordance with your wishes. In New York, this person is referred to...
Estate Planning
Required minimum distributions when doing estate planning
When you're doing estate planning in New York, you're planning for your future and the future of your family members. If you're using an IRA for your retirement, there are a few things you must know. First, there are required minimum distributions, which means you do...
Legal aid can help with estate planning in New York
When you are beginning the process of planning your estate in New York, one of the issues that you need to pay close attention to is the taxes, both federal and state. Your inheritors will pay an extremely high price if you don't get an attorney who has knowledge and...
Do business owners need to keep their estate planning current?
Many people consider estate planning something you do in preparation for your final days. As some people grow older, they become more concerned about things like drafting a will or creating powers of attorney should they become disabled by advanced age. While both of...
2 vital estate planning tax issues
When it comes to estate planning, the more a New York resident knows about tax exemptions and tax laws, the better off he or she will be. The following are two tax issues that the average estate planner should know about. Estate planners should know about changing...
Professional help needed to avoid expensive taxes on estate
When you are planning for the future of your heirs, part of that planning is what you will do you're your assets, property or as it is commonly called, your estate. You may not realize that in New York, there is an inheritance tax. You can look into this and find out...
Issues that could trigger an estate planning revision
When it comes to estate planning, the most important thing that any New York resident can do is to complete the process. Considering how many individuals have yet to complete their estate planning, the completion of the task in and of itself is an excellent...
Estate planning: Learning from celebrities’ mistakes
New York residents and others around the country are often fascinated by celebrities and their glamorous lifestyles, and this fascination can continue after their deaths. It is not at all unusual for the estate administration process, particularly if there are any...
Frozen eggs and your estate plan in New York
In some ways, modern science is making it harder to put together your estate plan in New York. Thanks to modern technology, women can now freeze their eggs so that they can be used for reproduction at a later date, by another person. You could do this yourself, or one...
New York estate planning a must no matter how old you are
Whether or not you are retired, or just starting out in your employment life, estate planning needs to be a part of what you do. Looking at your Individual Retirement Account (IRA) and your medical power of attorney are just two of the areas that you need to take a...

