Many people think that only older people need an estate plan, but do young New Yorkers need an estate plan too? The answer is yes. Not just about death An estate plan is not just about what happens to your assets after you die. It is also about what happens to you and...
No one likes to think about a possible time in life when they might be incapacitated and unable to make their own decisions. But, the reality is that the old saying is right – “accidents happen.” If something happens in your life and, even temporarily, you are unable...
If you are an adult sibling who is unhappy with the way your parents’ estate was divided in their will, you may wonder if you have any legal recourse to challenge the will and get a fair share of the inheritance. Indeed, there are grounds for contesting a will in New...
Modern estate planning uses several different legal devices for accomplishing the intentions of the person making the estate plan. One of the most useful and effective devices is a trust. The general idea of a trust The creation of a trust is fairly simple. The owner...
Being appointed a personal representative of someone’s estate in New York comes with many duties and responsibilities. If you have never served in this role before, you probably have many questions. Having accurate information and a clear understanding of what being a...
New Yorkers who are thinking about the future and have concerns as to what will happen to their loved ones inevitably focus on estate planning. Many will have a vague notion as to what that entails. There is no doubt it can be confusing to decide how best to address...
You may have seen a film where a family is gathered around a table, and everyone is waiting to see a handwritten or typed will read aloud. You may have also heard things like, “Just write something down on a napkin and sign it. That would work for courts, right?” Is...
For many people who are planning their estates, one of their main goals is to protect their assets for themselves and their loved ones as they head into retirement. With that in mind, once they start to create their plans, some may plan to delay their retirement by a...
If you are lucky to live long enough, you will need long-term care, but since no one knows how long they will live, everyone needs long-term care planning. About 66% of us, including those in New York, New York, will need it, which includes bathing, dressing, walking...
For those later in life, hopefully, you already have started your estate plan. It is not only extremely important for your beneficiaries and heirs but also for your end-of-life wishes and your health care needs. One such estate planning tool that can be used for your...