According to a report in a major New York media source, more and more people in Rochester and in other communities are writing wills earlier in life. What was once a ritual for people hitting their "empty nest" years is now an exercise even younger people with small...
Many people in the Rochester area recognize as they continue to age that one day, they will not be able to continue to handle their own financial affairs without some assistance. In some cases, the person may not even be able to make sound decisions about their own...
Particularly for those who have lost a loved one recently and are still expected to handle what was their property administering an estate can be an added stress and a time-consuming activity. Even in estates which are not being contested by disgruntled heirs, there...
As our society has changed over the preview few decades, many women are beginning to find themselves on their own as they approach late middle age. Whether through divorce, death of a spouse or simply deciding never to marry, middle-aged women are beginning to control...
As previous posts on this blog have discussed, many middle class residents of Rochester, New York, who have worked hard all of their lives may find themselves in a bind as they approach old age and retirement. They will either have to fork over tens and possibly...
One importance piece of estate administration that any personal representative handling a Rochester, New York, estate will have to resolve is whether an estate will have to consider and pay an inheritance tax. Like many other states, New York has an inheritance tax...
We all agree that it is smart to write wills explaining how we want our life assets to be divided. But – only about half of us get around to making our intentions clear. A major reason for this failure is human nature: the topic of our own death makes us...
As a previous post discussed, sometimes Rochester, New York, residents can find themselves embroiled in a probate legal dispute, even with other family members and loved ones. Oftentimes, these disputes arise because some heirs or beneficiaries question how the...
Although it occurred in another state, a legal dispute that has erupted over a wealthy businessman's trucking empire has important lessons for Rochester, New York residents who may be going through similar estate litigation. This battle is between a brother and sister...
Debt is a reality for most Americans. Even if your assets exceed your debt, it is likely that you owe some money on your house, car, credit card or as the result of a personal loan. In fact, nearly three-quarters of Americans have some debt when they pass away, with...
