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...
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...
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...
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...
Earlier this year, the famous comedian Joan Rivers died after suffering complications during a surgery to repair damaged vocal cords. The comedian's daughter has since been named as the executor of the late comedian's estate. In a will dated November 2011, and filed...
Estate planning in New York is a bit different than most other states because it is included in a small group of states that collects a state estate tax. Even if you don't live in New York, you may still be subject to this tax if you own property, real estate or...
Every New York resident knows that different states have different estate tax laws. In fact, some states offer more favorable incentives than others to retiring seniors. For example, the "Sunshine State" is one state that does not have any estate taxes, and for this...
While proper estate planning can help all New York residents trying to get their affairs in order, those who own their own businesses can face a particular set of challenges requiring special planning. Many times, it is those who start out as employees at larger...
The two most important things that New York couples without children need to decide in their estate plan are: (1) what will happen to their property after they die; and, (2) who they want to manage their financial affairs and medical affairs in the event that both...
Do you keep putting off making your will or your estate plan in New York? Maybe you're not concerned about it right now because it seems like such a distant future. Many people, for example, decide not to set up anything for future medical care because they figure...
