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What should new parents include in their estate plan?
Estate planning can be a difficult and intimidating subject. Because of its obscurity, many families may fall into the trap of thinking that estate planning can only benefit particularly wealthy families. However, in reality, estate planning encompasses a wide variety...
How to approach estate planning as part of a blended family
The so-called “traditional” family structure – a mother and a father, on their first marriage, raising children together – is no longer the norm. Fewer than half of American children live in this type of situation, according to Pew Research, a significant change from...
Power of attorney is key for protecting retirement accounts
New York residents who have considerable assets will do everything they can to protect them. These assets will most likely be used to fund everything from retirement to college funds and other major expenses. One great way for New Yorkers to protect their investments...
A pet trust is more complex that you might think
Your pet is family, and you treat them as such. He or she gets bought toys, high-quality food and treats. Your animal companion has playtime, gets to exercise, gets to go on trips, and gets to sleep on luxury bedding and live the true high-life in some households....
The rising concerns for care facility residents during COVID-19
In the age of COVID-19, relatives of nursing home and long-term care facility residents remain concerned about the lives of their elderly loved ones. Many of these residents are the most vulnerable to this terrible pandemic. As a result, these facilities must continue...
The benefits of estate planning for business owners
Estate planning can cover far more than simple liquid assets and real property for New Yorkers. For instance, business owners should consider who they want to take over their companies if they pass away or become incapacitated. People with retirement accounts should...
Tips for when to update an estate plan
People in New York may want to consider revising their estate plan when they undergo major life changes, such as the birth of a child or a divorce. However, there are other situations that could also prompt the need to change an estate plan. For example, if a child is...
How to file a probate case
When an individual in New York or any other state passes away, it may be necessary for that person’s estate to go through probate. If an estate is subject to this process, a probate petition will be submitted to a court in a jurisdiction where the person lived or...
3 benefits to creating an advance directive
As you go through life, you develop opinions on the type of medical care you think is appropriate for you. Whether you never go to the doctor or keep regular appointments, you have wishes for the care you prefer to receive. But if you find yourself incapacitated and...
How to get started on an estate plan
Estate planning is vital for every New York family. Unfortunately, many people are under the impression that estate planning is difficult and burdensome. However, advance planning and education can help take some of the mystery out of estate planning, making it easier...
