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 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...
Important considerations when creating an estate plan
Many New Yorkers put off the estate planning process because they think they have too few assets to bother. However, an estate plan is important for all adults who want to have the final say in how their assets will be distributed. It can also appoint people to make...
The steps creating an estate plan
Some people in New York might have procrastinated on creating an estate plan. It can be a complex and emotionally difficult process, but some people may be prompted by a milestone, such as marriage or the birth of a child, to do so. The first step in creating an...
Should married couples create a joint will?
Sometimes, married couples have the expectation to do everything together and share everything together. This idea may pop up as you and your spouse create your estate plans. You may wonder if you only need to have one will or if your separate wills should be...
Trust options for those with disabilities
An estate plan is a common means people use to secure the future of their loved ones. Depending on the size of the estate and the particular needs of the estate holder and beneficiaries, different elements of the plan may be best for the estate.In particular,...
Important factors of a testamentary trust
A proper estate plan can individuals distribute their personal property and assets to the parties of their choosing. There are a few different elements that an estate plan may have, depending upon what the estate includes.In some cases, a testamentary trust may be...
The basics of estate planning in New York
Many people think that estate planning is only for the wealthy, but the truth is that anyone can benefit from advance planning about how to distribute their assets after their death. If you do not consider this important task prior to becoming elderly, ill or...
Talk to your loved ones today about your estate plans
You may think that by creating a will, you are covering all your bases and protecting your assets. But if you do not take the time to consider your loved ones' reactions to it after your death, your final instructions may not carry much weight with them. It is common...
The importance of a will in the probate process
For those who want to take care of their loved ones even after they are gone, an estate plan can be quite helpful. Proper estate planning usually contains a will.Some may not be aware of how important a will is to the probate process, or they may not...
