In 2020, most of us conduct a lot of our lives with digital help. We use online banking and bill paying, we shop online, we take classes online and we even order takeout or groceries online. Now, many companies offer online DIY wills or software packages so you can...
3 ways to pass business to family
An owner’s business is their life’s work. That work deserves careful planning to keep it intact for the family members who potentially own and run that business. As an owner, you want to find the most risk-averse strategy for transferring your business to your family....5 reasons why new parents need a will
When you welcome your first child, your life forever changes. For the first few months, you are busy caring for a newborn—figuring out how to soothe your child, feed them and survive some sleepless nights. While many parents do lots of research on the best car seat,...Should I seek durable power of attorney for my elderly parents?
As people age, they become concerned with end-of-life decisions. Sometimes they become concerned with the possibility that they might not be able to communicate decisions related to medical care, treatment or life support. While a living will is the usual method to...Estate planning steps parents should consider after divorce
There are several estate planning changes you should consider after divorce whether you are a parent or not. These considerations can include updating your health care proxy, financial power of attorney, will, trust and beneficiary designations. The people you select...What are the easiest steps to take when creating an estate plan?
Estate planning is not a simple process for most people, despite how little their assets may be. It is often a complex system of laws, filled with clauses, exemptions, stipulations and more. How does the average person manage to create a satisfying estate plan? One...Qualities to look for when selecting the executor of your will
Deciding to make a last will and testament is a big step, but the process of drafting this document will involve making several more decisions along the way. One of those decisions involves choosing a person or entity to be the executor of your will. The executor of...A health care proxy and a living will can work in tandem
A health care proxy and a living will are both legal documents that address the type of medical care you would or would not like to receive in the event you become unable to communicate those wishes to your doctors. Although these documents are often used by those who...Four tips to help art collectors pass on their art
An art collection creates much joy for those that love art. It can also be a serious investment. So, when an art collector contemplates estate planning, what will happen to his or her collection is a serious consideration. For many it is already is a serious...What factors affect who gets the pet in divorce?
While divorce can be contentious on its own, when a beloved pet is at stake, things can turn downright nasty. While New York doesn’t have as advanced pet custody laws as some states, they have been moving in the right direction. Here’s what impacts who...
