The decision to draft an estate plan gives someone control over their legacy and also helps them to protect their interests in the event of a medical emergency that results in medical incapacitation. However, not everyone in New York can create estate planning...
Not making an estate plan in advance can have some very serious consequences for your family. This is problematic because statistics show that most people have not yet done their estate planning. That means their families could face a litany of issues that could’ve...
When you’re the parent of adult children who have very different personalities, experiences and needs, trying to divide your estate in your will amongst your heirs fairly can produce a lot of angst – because you know that “fair” and “equal” aren’t always the same...
Family legacies can come in many forms. For those with ties to the land, a legacy might involve running a ranch or creating a public park with family lands. For others with an entrepreneurial spirit, a family legacy might involve a company that is run and owned by...
When someone dies, what they choose to do with their personal property will be a major part of their long-term legacy. The individuals and charitable causes that benefit from their estate will likely long remember someone's final acts of financial generosity. What...
Estate planning is a deeply personal process that often requires someone to go into great detail about their preferences for their legacy. Testators creating or updating wills, trusts and similar documents often need to fixate on specific types of property, such as...
Becoming a parent is joyful and also terrifying. New parents often struggle with the weight of responsibility for being the primary provider for another living being. For the first few years, that new life is entirely dependent on outside support. Even after children...
A medical power of attorney gives you more security as you grow older. You can rest assured that someone you love is going to make your medical choices for you. The power of attorney is a legal document that gives them this ability. This is similar to using an advance...
You know the executor of your estate has an important job (or several of them) after you’re gone. You also know that it’s important to pick someone who is competent, trustworthy, organized and willing to do the job. Fortunately, you have no shortage of people in your...
Creating an estate plan must be a priority for all adults. These plans have many components that help to ensure the creator’s affairs are taken care of if they’re incapacitated and that they’re able to pass down assets to their loved ones. One component of these plans...
