Often during estate planning, individuals and even attorneys become so focused on creating airtight documents, they may overlook the small but crucial details until the last minute. Choosing the right executor is one such details that some may put off until later....
On of the matters of estate and financial planning that can come up in later years is whether someone still has the capacity to manage all of their own finances. While this is certainly a realistic consideration in many cases, it can be a difficult consideration for...
Choosing people to be in charge of your finances or your health should you become incapacitated or even pass away is an enormous decision. How can you know for certain you can put that level of trust in someone? Even someone you like and trust now might not make the...
What is an executor? What does this person do? What are the responsibilities? An executor is entrusted with the disposition of an estate's property, assets and possessions. What it all boils down to is that you are responsible for making sure that all debts are paid,...
Not many New Yorkers think about what will happen to their online social accounts if they should die. Some people do not think it is a big issue, but consider this: all of your personal messages, social account activity and personal photos are lingering on the...
A will is often the cornerstone of many types of estate planning. Through the formation of a last will and testament, individuals can detail how they wants assets and property transferred at the time of their death. Typically, a person creating the will, also known as...
A central component of any well-considered estate planning is choosing an individual or an organization to represent your interests after you are deceased. For example, many people elect to choose their estate planning attorney as the executor of their wills. Others...
Sometimes, people get so caught up in devising ways to distribute their property and assets after death that they fail to spend sufficient time deciding who should be in charge of those tasks. Arguably, the persons or institutions you name as the executor of your...
Good estate planning is nothing more than laying the groundwork for what should happen after your death. Although estate planning can sometimes contain very complicated rules and procedures, it is really all about setting forth a plan and then granting authority to...
If you're trying to figure out who you should make the executor of your estate, the person who will ensure that your will is handled correctly after you pass away, make sure that you choose wisely. Errors that this person makes can be very costly. For example, take...
