Amid continuing rumors that Prince actually left behind a will -- and that the will might be located in another country -- the estate is moving forward with administrative processes. The administrator of the trust currently holding the Prince estate has proposed a...
Everyone has different values, and experts note that it's incredibly important to take your own personal beliefs and values into account when setting up a medical long-term care plan in New York. This could include your moral and ethical beliefs, your spiritual...
More and more, experts are suggesting that people create digital wills for the division of online assets. Much of this has to do with granting access to your accounts and ensuring that people can get into them after you pass away. For example, perhaps you have an...
Ex-pro wrestler and World Wrestling Entertainment CEO and Chairman Vince McMahon will sell 2,191,894 shares of his company's stock valued at nearly $40 million. The shares he plans to sell represent 6 percent of the outstanding WWE stock. WWE announced that the shares...
Some of the terminology surrounding estate planning can be confusing. However, most of the terms you hear can be explained quite easily. Fiduciary is one such term and it simply means a person who has the responsibility of administering an estate for someone who has...
In the past few weeks, we've talked about the importance of a will and how to avoid some common estate-planning mistakes. We've also covered the fiduciary role, so you know it's important to choose the right person when you are picking people to handle your money or...
So you're thinking about getting long-term care insurance, trying to protect yourself from high costs as you grow older. This could be a very wise move, but it's important not to act too quickly. Take your time and ask all of the right questions first. These include...
The recent death of pop-star Prince revealed that the musician and renowned philanthropist passed away without creating a will. Court papers filed by the musician's sister revealed the absence of a will shortly after his death. It is surprising that such a successful...
It's very important to know how inheritance taxes work, but you should know that these generally just apply to U.S. citizens and others who live in the United States. If the person who is passing on the assets is not a U.S. citizen and is not living in the country,...
Trusts are arguably one of the most useful and versatile documents a person can add to an estate plan. They offer creative solutions to money management while offering efficient ways to provide for one's heirs. Most New York residents have heard a great deal about...
