Since 1955, the average lifespan of Americans has grown by 10 years. This is a very important point in terms of estate planning and financial advising. According to one financial advisor from Merrill Lynch, as the life spans of Americans increase, so too does the risk...
The foundation of any well-considered estate planning begins with forming a valid and enforceable will. A will is basically a written document that provides a basis of what you want to happen with your property after you die. In New York, a person who creates the will...
There are many aspects to long-term care planning that you want to consider in New York, but one of the most important things that you can do is to find the perfect nursing home. If you do this in advance, you ensure that you live somewhere that you feel safe and...
When you are in the midst estate planning, one of the activities will probably be setting up a trust of some sort. The attorney team at has a vast knowledge base for different types of trusts and can make the process airtight. If your...
According to IRS Notice 2014-21, bitcoins are not to be handled as currency in estate planning proceedings. Rather, they are to be viewed as property by courts. This creates some unique scenarios that New York estate planners who own bitcoin should be aware of. First,...
The will of a now deceased millionaire contains many provisions that will likely become the fodder for future legal battles over the administration of his estate. Perhaps the most interesting aspects of the former Manhattan, New York landlord's will are the conditions...
Having an estate plan in place can give you a real sense of peace. Part of that plan can be a trust. A trust can be set up for many reasons. It is a financial vehicle to give or donate money and assets from one person to another person or charity. There are some real...
Estate planning largely revolves around creating wills and passing assets on to family members. Children and spouses are given money, investments, property and more. This makes single people often think they don't need to do any estate planning. After all, if you've...
A legal battle over late movie actor Paul Newman's charitable foundation now appears imminent according to statements his eldest daughter has made recently regarding the handling of her father's estate. The late actor, who enjoyed tremendous success starring in...
The wealthiest individuals in the United States tend to be well-educated and have a great deal of business savvy, but this does not seem to be helping complete the basic elements of estate planning. According to the CNBC Millionaire Survey, 38 percent of individuals...
