As the new year begins, many of our readers in New York are probably looking to the future to think about how they can make improvements in their lives. Some will promise themselves that they will eat better or exercise more, while others may try to quit bad habits or...
Estate Planning
Creditor protection is part of estate planning
Estate planning seems complicated, and that is largely, because it can be, especially as you age. However, one such item that can be overlooked, especially by those who do their plan online is protecting their New York, New York, estate plan from creditors. Do I...
Parents of disabled children may need a supplemental needs trust
As parents raise children with special needs in New York, their roles as parents are different than toe roles of parents of other children. Not only may theyrequire extra parental duties when their children are young, but those parental responsibilities may continue...
Creating a will in New York
Creating a will is often the most important part of the estate planning process. A will allows you to have control over your property and other aspects of your life, even when you are no longer alive. Here are some of the most crucial steps to creating a will. Make...
What is required for the court to allow probate to proceed?
In New York, when a person has a will, probate is a key part of the process of distributing their estate after they have died. It establishes that the will is valid and can be used to settle the decedent’s affairs. It also assesses the facts before allowing probate. A...
Do all I need is an estate plan with a long-term care plan?
If you have a will, you are in the minority of New Yorkers. To be more specific, you are one of about a third of Americans who have one, according to a 2021 survey by Caring.com. An even smaller percentage has a full estate plan with a long-term care plan. We have...
Understanding the potential problems of not having an estate plan
Estate planning is a wise step in New York. This is true for everyone regardless of their age, financial situation, family status or goals. However, it is especially crucial for people who have loved ones to worry about and want to make sure their property is handled...
What to do if you plan on disinheriting a child
You may have very personal reasons why you want to leave nothing to one of your adult children in your will, but a disinherited child can be angry if they are surprised to learn, upon the reading of your will, that they will receive less than their siblings or nothing...
What is the effect of a no-contest clause in a will?
When someone executes a will, they do so because they want to ensure that their assets are distributed according to their wishes. For many such people, one concern they have is that their will may be challenged in court when it reaches probate, resulting in...
Common estate planning mistakes to avoid
When you're putting together an estate plan, you're juggling a lot of pieces. You have to consider the needs and wishes of your loved ones, and put those up against the realities of your finances. You have to plan for events that will happen well into the future, and...