Tax consequences are something that all New York residents need to consider when planning their estates. Indeed, if you do nothing to limit your estate tax liabilities, the inheritance you plan to leave to your heirs could be much smaller than you think it is. Federal...
Last month, we discussed the importance of including all possible assets in your estate plan -- including online assets such as your Facebook account. Creative and social assets are things you might have a personal interest in controlling, and you might want them...
Choosing people to be in charge of your finances or your health should you become incapacitated or even pass away is an enormous decision. How can you know for certain you can put that level of trust in someone? Even someone you like and trust now might not make the...
Trusts are complex legal vehicles, but they can bring some very simple and profound benefits to your estate and your heirs. One key to getting the most out of a trust is understanding what kind of trust you need. Working with a legal professional to choose a trust and...
The heirs of comedy team Abbott and Costello recently lost in court after filing a lawsuit regarding what is possibly the duo's most famous skit. The lawsuit alleged that Broadway musical "Hand to God" lifted material from the skit "Who's on First." According to...
Most estate planning errors can be avoided if you're willing and able to put in the time and energy in advance. Make sure you know the legal steps that need to be taken and the tactics you can use to eliminate mistakes, ensuring that everything really happens the way...
Estate tax laws can change every year, and 2016 is no different. In this respect, as we come to the end of 2015, there is something you should keep in mind for the year ahead -- regardless of whether you have an existing estate plan or want to create one for the first...
During the estate planning process, many people want to know if a "reading of the will" occurs as seen in many television shows and films. Most of the time, people expect family members and close friends to be called together to hear the terms of the deceased person's...
Estate planning includes an incredible amount of information, and it's important to add your Facebook account and password to the list. It's wise to write down all of the login information that someone else would need to access your account and then keep it with your...
What is an executor? What does this person do? What are the responsibilities? An executor is entrusted with the disposition of an estate's property, assets and possessions. What it all boils down to is that you are responsible for making sure that all debts are paid,...
