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...
Retiring is usually a happy occasion and a time in life when you feel free and relaxed. Unless you feel guilty, that is. Many retirees don't have an estate plan and live a fasted life upon retirement because they want to be sure to have something to leave as an...
Nobody likes to think of heirs fighting over possessions, money or power after his or her death, but this is an all too common reality. Many people lose parts of their inheritance due to battles over the estate, but New York residents can lower the risk of a dispute...
New York residents who do not have children may have some unique questions when it comes to the estate planning process. For example, who will be one's caregiver if a medical infirmity results in mental or physical incapacitation? There are several pieces of advice...
When you begin your estate planning, it is important to have the future in your sights. Not just your children, but beyond them to future generations. One way of making sure your beneficiaries receive your assets and not the Internal Revenue Service is to set up a...
