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...
People in New York who are creating an estate plan might wonder whether they should use a revocable or irrevocable trust. A revocable trust can be changed at any time in a person's lifetime while an irrevocable trust cannot, but it does not offer the same protections....
Some people in New York may wonder whether a revocable or irrevocable trust would be best for their estate plan. In most cases, a revocable trust, which remains in the creator's control, is sufficient for keeping the assets out of probate so they can pass quickly and...
New York residents who have considerable assets will do everything they can to protect them. These assets will most likely be used to fund everything from retirement to college funds and other major expenses. One great way for New Yorkers to protect their investments...
Your pet is family, and you treat them as such. He or she gets bought toys, high-quality food and treats. Your animal companion has playtime, gets to exercise, gets to go on trips, and gets to sleep on luxury bedding and live the true high-life in some households....
In the age of COVID-19, relatives of nursing home and long-term care facility residents remain concerned about the lives of their elderly loved ones. Many of these residents are the most vulnerable to this terrible pandemic. As a result, these facilities must continue...
Estate planning can cover far more than simple liquid assets and real property for New Yorkers. For instance, business owners should consider who they want to take over their companies if they pass away or become incapacitated. People with retirement accounts should...
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...
