Did you know that it is possible to increase the amount of control you have over your estate plan through the use of a special type of trust? That is right; the incentive trust is a specific program that allows posthumous gifts to be closely monitored according to a...
When considering your estate and planning for the future, there are different scenarios that come into play. One is considering how you and your spouse will plan after the American Taxpayer Relief Act went into effect. It was written to make things easier for...
Earlier this month, the children of the late actor Mickey Rooney filed suit in a Los Angeles Superior Court seeking to have their father's will invalidated because of undue influence he might have encountered during the last weeks of his life when he supposedly signed...
While many are focusing on estate planning, others are dealing with the issues that can arise when caring for elderly family members. The famous radio host Casey Kasem is one recent example of how long-term care planning, or the lack thereof, comes into play, and New...
Mickey Rooney died on April, 7, 2014, just weeks before he changed his will to leave his entire estate to one of his stepsons. His widow and biological children are contesting the will's validity. The couple had been married 34 years when they separated in June of...
The old saying tells us that we should put "family first." What about older New York residents without any children, grandchildren or stepchildren? For those individuals, estate planning can go from simple to complex in a jiffy. Instead of handing down all of their...
Having enough income to deal with any long-term care can be a stress factor that many baby boomers are ignoring. It can eat into your plans for the future and, if not thought of and planned for in advance, can bring about a dismal retirement. While long-term care can...
A fight is brewing in the Manhattan Surrogate's Court between the widow of a deceased multi-million dollar sporting goods chain founder, and the deceased man's brother. The founder of the sporting goods empire died of cancer in 2001, but gave $70 million to his wife...
Making provisions for any surviving pets can be an important, though often overlooked, part of estate planning. Even in cases where plans are made, however, things do not always go smoothly. According to reports, a New York woman left a total of $50,000 to her five...
For years, extremely wealthy New Yorkers moved out of state in order to save their heirs from being penalized with hefty estate taxes. To keep New Yorkers in the state throughout retirement, the governor proposed a new law that would change the estate tax rates for...
