More and more American couples are opting not to get married these days. As for those who do get married, though, many are deciding to wait until they are much older to tie the knot. Also, divorced and widowed Americans are also choosing to forgo remarriage and...
Estate planning has certainly come a long way over the last 20 years. You can minimize the complexity now for trying to avoid federal estate taxes and it is much simpler because of how it evolved. Some of it can still be a bit complicated, so focusing on that will be...
In 1639, Gardiner's Island in East Hampton, New York, was purchased by an English settler from the Montaukett Indians. The buyer was given the title of the "Lord of the Manor" in a English charter, along with the "right to possess the land forever." Sagtikos Manor is...
When you pass away, you will want to have an estate plan in place to help your heirs know what you want done with your belongings and assets. Someone will need to be made a trustee or an estate administrator. You can put all of your belongings in a trust that this...
Even when seniors have long ago made arrangements for long-term care, coming to terms with the necessity for transitioning to the chosen facility can still be fraught with anxiety and fear. "Transfer trauma" is the name for the aggregation of psychological and...
A lot of New York parents are caregivers for adults or parents of young children. This means that these individuals are caring for another person who is unable to independently care for him or herself. Because of this dependent relationship, estate planners who serve...
Recently, there has been several stories in the news about young people dying intestate. That means there is no will, no estate plan, no executor listed in any legal document. Estate plans aren't just for the old and/or wealthy. They are for everyone who has...
Don't make the mistake of thinking that you don't need to do any long-term care planning in New York just because you feel healthy right now. Some health conditions can come almost out of nowhere, without any warning, and they can leave you unable to make medical...
Forming a will is a good first step in any estate planning. However, your last will and testament should do more than simply inform a Surrogate's Court as to how you wish your property and assets distributed following your death. Many people often overlook the...
A will is often the cornerstone of many types of estate planning. Through the formation of a last will and testament, individuals can detail how they wants assets and property transferred at the time of their death. Typically, a person creating the will, also known as...
