An estate plan in New York is important not just for the minor children you leave behind but also for adult children. While you are still able to, it is a good idea to get a team together of financial advisers and lawyers who can assist with this type of transaction....
The fate of a New York millionaire's estate is still up for debate. The 97-year-old man, who made his millions developing real estate on Staten Island, died in 2012. He left behind an estate worth approximately $40 million; however, he did not leave any wills or...
Having an estate plan is a good idea, but only if the desired results are achieved. An estate plan should have a positive and empowering effect on its heirs, and not a divisive effect. Too many times, the latter is the outcome. Having the assets distributed as the...
A legal dispute between reggae legend Bob Marley's estate and a chicken finger chain called Raising Cane has been settled and resolved. According to the now-settled lawsuit, the chicken finger purveyor was been using Marley's famous words, "One Love," as a slogan to...
When considering your estate and planning for the future, there are different scenarios that come into play. One is considering how you and your spouse will plan after the American Taxpayer Relief Act went into effect. It was written to make things easier for...
The old saying tells us that we should put "family first." What about older New York residents without any children, grandchildren or stepchildren? For those individuals, estate planning can go from simple to complex in a jiffy. Instead of handing down all of their...
Having enough income to deal with any long-term care can be a stress factor that many baby boomers are ignoring. It can eat into your plans for the future and, if not thought of and planned for in advance, can bring about a dismal retirement. While long-term care can...
For years, extremely wealthy New Yorkers moved out of state in order to save their heirs from being penalized with hefty estate taxes. To keep New Yorkers in the state throughout retirement, the governor proposed a new law that would change the estate tax rates for...
There are people who take the time to go through the estate planning process in the appropriate manner, as well as those who think they will always have time in the future. While laws differ from state to state, meaning that our New York readers may not follow the...
The University of Rochester recently accepted a $17 million gift from The Wegman Family Charitable Foundation. $10 million has been earmarked for the University of Rochester's Institute for Data Science. Another $7 million will go directly to the Golisano Children's...
