Many in New York City don't have wills. Few have any valid excuse for being in that situation. If you work, are investing money for retirement and care for the welfare of your family, you should have a plan. If you have complex assets, it is even more important to...
The ‘death tax’ is dead. The need for estate plans remains
This is a midterm election year. Among accomplishments claimed by the Republican Party controlling national government is the passage late last year of major tax reform. As we noted in a previous post, the package contains a great many benefits, not the least of which...
Estate planning is more than just protecting your assets
You may be procrastinating about developing your estate plan, thinking that you are not wealthy and do not have a lot of assets, so why would an estate plan be important?The reasons may surprise you. You probably have more assets to protect and pass on to your heirs...
To understand trusts, beneficiaries benefit from some key facts
Planning is a good thing. Not everyone likes it, but in the face of the inevitable and to ensure that assets representing one's legacy continue to serve the well-being of intended beneficiaries, few can dispute the value of the proposition.The problem is that the best...
What are common reasons for probate litigation?
Are you confused about estate planning? You are not alone. There are so many facets of law that can influence the formation of a solid plan.Many believe a simple will covers the bases. That might be true sometimes. But a great deal can happen in your life in a short...
What can a supplemental needs trust pay for?
Ensuring the well-being of loved ones incapable of caring for themselves is one of the greatest challenges any New York City family can face. If the onset of the incapacity is the result of some unexpected catastrophe, such as a near-fatal accident, concern about how...