There are a few risks that come with estate administration in New York. Some of them are personal, like the strain such work may put on your schedule or how it will affect your relationships with the beneficiaries of the estate. Others are financial. Certain mistakes...
When you have a small business, one of the things you should think about is obtaining a trust for your business. A trust is helpful because it will help your business continue its normal functions even if you are not there to run it yourself. Trusts have other...
Many people put off starting their estate plans because they believe that it will take too long or be too complicated. The truth is that it can be easy to put together an estate plan. There is a simple, straightforward method for handling estates of all sizes, and...
Your life insurance policy benefits the people who depend on you, such as your spouse or your children. The more dependents you have and the younger they are, the more life insurance coverage you may require for their protection. Your insurance will be an important...
There is no doubt that nursing home care is expensive. Going into a nursing home costs thousands of dollars a month and tens of thousands annually, at a minimum. It makes sense that you’d want to qualify for Medicaid, because doing so could help prevent you from...
While you’re working on your estate plan, one of the major topics that will come up is what to do with your real estate. There are a few different ways that you can handle real estate in your estate plan. You can will it away to a beneficiary, set it up in a trust or...
A testator who takes the time to plan their estate will still depend on others to administer their will after they die. Whether your family member named you as the individual they wanted to handle their affairs after their passing or you stepped up into the role...
Guardianship is a way for family members to protect someone who cannot act in their own best interests. As people grow older, they may struggle to take care of themselves as they once did and may require more support than when they were younger. Sometimes, older...
There are many different types of trust you can use as you do your estate planning. You may want to choose things that are important to you. For instance, educational trusts are very common, as they set aside money that heirs are only allowed to use for college...
If you’ve just turned 18, you need to start thinking about your estate plan. You might be thinking that an estate plan is something that only the elderly have, but the truth is that any adult should have some of the basic legal documents for their estate plan in...
