The world changes once you become a parent. Instead of taking steps only to protect your own future and the future of your spouse, you now have to take steps to protect your children. With a few steps you can put a plan in place that will better ensure a good...
Trusts can act as useful protection for assets, especially ones that need distributing after a person's death. When the time comes to handle those remaining assets, the successor trustee has the responsibility of following instructions involved with administering the...
Creating an estate plan is on many New York residents' to-do lists, but it is often near the bottom or constantly having other tasks placed above it. You may think that you have plenty of time to create your plan or may even think that you already have a plan because...
There are certain life events that should trigger a review of one’s estate plan. A death in the family, the birth of a new family member, a divorce or a marriage are common examples. Another example: tax changes.The tax code has gone through some major changes...
You may have already begun your estate planning journey and have done a deep dive into a self-assessment. You may have had to answer many tough questions so far, but still, you have not completed the entirety of the process. Though you may have many aspects of your...
A large part of estate planning is making your wishes known even when you can no longer express them on your own. Whether you prepare for the possibility of incapacitation or for your death, you want to make sure to complete certain tasks in the manner in which you...
A recent publication in The Atlantic estimates over 1.4 million American households hold over $5 million in assets. With such large wealth in the country, many are starting to ask whether there is such a thing as “too much” inheritance. For many wealthy...
