There are many tasks that people in New York need to complete each day. People also need to plan for future events that they expect to occur or there is a potential of occurring. This is true for death as well. It is inevitable that everyone will pass away at some...
Choosing between a will and a trust
People in New York plan for many aspects of their lives. This is important to do and it should include one of the only guarantees in life which is that everyone passes away at some point in time. It may not be something that people like to think about, but as they...
How to choose a guardian for your child
When you become a parent, you want to do all you can to give your child a good life. You work hard to provide for your child and take time to read to them, play with them and introduce them to some of your favorite activities. At times, life seems to rush by, and you...
Have you been putting off estate planning? Start now
There’s no beating around the bush. If you want to protect your healthcare decisions, your financial decisions, your assets, and your loved ones’ wellbeing, then you need to engage in holistic estate planning. If you don’t, or you only put forth minimal effort, then...
Choosing an effective executor remains crucial in estate planning
When making an estate plan, you want to avoid mistakes. And one of those mistakes could be choosing an executor who just is not the right fit or is just plain incompetent. The responsibilities of the executor run the gamut and remain vital in helping you pass along...
In these times, should Millennials start estate planning?
For Millennials, at this point in their lives, they should be concentrating on buying their first home, getting married and maybe, even having children. Unfortunately, with souring student loan debt, Millennials are often delaying these major life event, especially in...
Failing to create an estate plan can have serious consequences
While estate planning can sometimes be a difficult subject to broach, it is often one of the most important conversations for a family to have. Estate plans are not just for wealthy individuals. Instead, estate plans are varied and nuanced and can help address a...
Proactive estate planning moves in an election year
The connection between presidential politics and estate planning is undeniable, as policies tend to change depending upon who sits in the White House. That’s why it’s essential, especially for high-net-worth individuals, to review your current estate plan and examine...
Avoid unexpected problems with a power of attorney
While some people in New York are diligent about preparing wills, trusts and other documents related to estate planning, one area that sometimes gets overlooked is establishing a power of attorney. Not having a power of attorney in place can have repercussions in...
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...