Life can be unpredictable and is full of surprises, both good and bad. While there is often no way to anticipate or predict when an individual may be adversely impacted by an illness or accident, there are steps one can take to control what happens next. Every...
When a loved one dies, it is time for families to pull together and grieve for their loss. Unfortunately, when wealth is involved, that often doesn't happen. Relatives are worried they may be cheated out of their inheritance and instead of the loss bringing them...
Many people in New York and throughout the country prefer to give some of their money away to family and other loved ones while they are still alive rather than bequeathing it to them in a will. However, there are potential tax implications when you give someone a...
No one likes to think about getting old and possibly ill. The first, however, will happen to everyone and the second to most of us over time. That is why, especially for people in New York age 50 or older, long term care planning is essential. Insurance policies are...
The future is unknown and preparing now for the future is a responsible decision that may guard your family and your wishes down the road. If you are thinking of creating your own estate plan, one of the key documents to any estate plan is the last will and testament....
Federal law demands that very wealthy people who wish to leave money to their children pay gift or estate taxes of up to 40 percent on those assets. Many of America's wealthy are getting around that tax mandate through means of a loophole that Congress didn't mean to...
Many New York residents work hard to earn a comfortable income and accrue assets. For many, smart investments throughout the years have allowed their personal wealth to grow at a healthy rate. As 2013 draws to a close, many of these individuals will assess their life...
Most people may think that the majority of estate disputes and will contests are waged over large amounts of assets and the division of real estate or property. In reality, the majority of disputes among surviving family members relate to who retains ownership of...
When it comes to estate planning, many people wrongly assume all they need is a last will and testament. In reality, however, estate planning is much more complex and failing to take note of this fact can have serious and unintentional implications. We've previously...
Growing up can be difficult and most children go through a rebellious period, particularly during their teenage years. It is during these formative years that parents aim to instill values in their children that will ultimately enable a child to make better choices...
