We frequently discuss how estate planning matters pertain to married individuals and couples. Of course all individuals, regardless of marital status, would be wise to take steps to set up an estate plan and plan for end of life matters. For couples who choose not to...
Life can be unpredictable and is full of surprises, both good and bad. While there is often no way to anticipate or predict when an individual may be adversely impacted by an illness or accident, there are steps one can take to control what happens next. Every...
Many people in New York and throughout the country prefer to give some of their money away to family and other loved ones while they are still alive rather than bequeathing it to them in a will. However, there are potential tax implications when you give someone a...
Federal law demands that very wealthy people who wish to leave money to their children pay gift or estate taxes of up to 40 percent on those assets. Many of America's wealthy are getting around that tax mandate through means of a loophole that Congress didn't mean to...
Many New York residents work hard to earn a comfortable income and accrue assets. For many, smart investments throughout the years have allowed their personal wealth to grow at a healthy rate. As 2013 draws to a close, many of these individuals will assess their life...
When it comes to estate planning, many people wrongly assume all they need is a last will and testament. In reality, however, estate planning is much more complex and failing to take note of this fact can have serious and unintentional implications. We've previously...
Many New York residents readily rely upon email to communicate about a variety of personal, professional and financial matters. Depending on the email provider and type of account, most email services require users to sign privacy agreements. Email providers also...
We've previously discussed in this blog, many important aspects of estate planning that require thought, attention and action. In some cases, however, an individual may fail to account for seemingly basic estate planning matters and details such as funeral...
Change is a constant in life that cannot be stopped. As an individual ages, he or she is likely to experience and encounter many joys, sorrows and challenges that ultimately make for a full life. Changes in income, the birth of a child and marriage or divorce are all...
For New York parents with minor-aged children, the thought of not being around to raise their kids is often too painful to even contemplate. Forces beyond one's control, however, may result in the premature death of one or both parents. If the unthinkable happens, the...
