As New Yorkers prepare an estate plan to divide their assets after their death and loved ones of a person who recently died set about to move forward with estate administration, the inheritance tax (also known as the estate tax) is an unavoidable concern. Fortunately,...
As more of our lives go online, it’s becoming increasingly important to have a plan for what happens to your digital identity. Many New York residents are finding themselves at a loss when it comes to loved ones’ online presence. Increasingly, family...
Estate planning and proper preparation for the future are key for New Yorkers of all ages and in every financial situation. This is especially true for people who are wealthy, prominent and getting up in years. For people who are in this situation, having legal...
Estate planning can be a difficult process for New Yorkers when they are determining strategies to pass along their assets. What can make this even more complicated is when the assets go beyond the basic and tangible to that which is open to desire and interpretation....
Fights over a loved one’s estate all too often overshadow a family’s ability to grieve their loss. In fact, family conflict is the biggest worry in estate planning today, according to recent survey of professionals at the Annual Heckerling Institute on Estate...
New Yorkers who do not take the necessary steps to craft a well-designed estate plan will inevitably regret it. While these documents are often considered to be essential only to those who have significant assets, everyone can use estate planning strategies to avoid...
Unlike what movies and TV would have you believe, the administration of an estate does not occur immediately after someone passes on. Typically, a trustee does not begin handling a trust until after the funeral and memorial arrangements. Trusts can stipulate assets...
In most cases, people are happy to receive whatever is bequeathed to them in a will. Whether that is a family home, vacation property or personal keepsakes to help them remember a loved one, they are willing to accept the inheritance according to the wishes of the...
As New Yorkers address their needs for a comprehensive estate plan, those with significant assets must pay strict attention to tax implications and how their heirs will be shielded from onerous and unexpected expenses. Much has been said in the media as to how the new...
Bright Spot: Judges, lawyers head to the kitchen for a cause A community banding together to raise awareness for domestic violence can take many shapes, but on October 16th, 2018, it took the shape of baked goods. That is when Willow Domestic Violence Center, in...
