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Estate planning is not just about managing assets and reducing the tax liability of an estate—it’s also about making sure your personal wishes are respected if your health declines at the end of your life and for your body after you pass away. One often overlooked...
When older adults start thinking about retirement, they need to plan for their protection in the future. Living on a fixed income isn't easy. Even those who have saved assertively for their golden years may eventually have costs that they struggle to cover using their...
Testators (those planning their estates) may have a variety of different personal goals. Some people want to create scholarship funds. Others want to help their loved ones achieve more comfortable standards of living. One common goal frequently shared by testators is...
There are many important inclusions in real estate contracts. Seemingly minor details in a contract can have major implications for the buyer and the seller. Buyers often do not give the terms of the offer they make adequate attention. Frequently, those hoping to...
Estate planning is an invaluable undertaking towards securing your loved ones' futures. Trusts are among the cornerstones of many estate plans. They can allow you to designate beneficiaries who will receive your assets. But who qualifies as a beneficiary? While...
A will is one of the most important documents that someone may ever draft during their lifetime. It creates protections for their closest and most vulnerable family members, such as their minor children. A will also describes what someone wants to do with their...
New York is one of a minority of states that has its own estate tax separate from the federal estate tax. The state also has laws that can prevent people from actively trying to avoid this tax. That means that if you’ll have a multimillion-dollar estate when you pass...
Life insurance can be a very valuable tool within your broader estate planning strategy. It can provide financial support to your beneficiaries after your death – helping to cover funeral costs and pay down debts, for instance – or it can “simply” provide them with...
Obviously, you cannot be in charge of passing your own estate through probate and distributing your assets to your heirs after you pass away. Somebody else will have to do that job for you. In New York, someone who handles a deceased person's final affairs is called...
There are many challenges that must be considered when you’re creating an estate plan. While many people think about their will as the best way to transfer assets to their loved ones, trusts are sometimes a better option. There are two primary categories of trusts –...