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...
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...
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...
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...
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...
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...
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...
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...
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...
Planning your estate helps assure that your family’s needs and your wishes are protected. Some people, however, make assumptions that complicate this goal. There are some important principles that are worth remembering while you engage in estate planning to protect...
