Estate planning is not just for senior citizens or those preparing for retirement. Three reasons even young families need an estate plan include:Control. If you do not put together an estate plan, the state will. State law will govern the distribution of assets for...
Are your children protected if something happens to you? This is a difficult but necessary question every parent should ask. Estate planning is one of the best ways to protect your loved ones now and in the future. This is especially true for protecting your children...
The major holiday gift giving period is largely over. Hopefully you got all that you hoped for. In some families, some fun may have been had by exchanging so-called white elephant gifts. What that means is that someone might have wound up with one of late Uncle Murd's...
December offers many opportunities for family to gather and celebrate the holiday season. It's also a time when adult children, dispersed by life's demands, often return under the same roof as their aging parents. While it's still wise to avoid discussing politics and...
Headlines at the end of 2017 heralded passage of the Tax Cuts and Jobs Act. Many of the provisions of that law carry implications as we close out 2018. As a New York business owner, are you up to speed on the implications of the reforms for your situation?While the...
Do you know what will happen to you if you become incapacitated? What type of medical care will you receive and who will be responsible for making decisions for your care? These are important questions to answer before it’s too late. How does a health care...
There are a few things required to justify creating an asset protection plan. Contrary to what most people think, being as rich as a Rockefeller is not one of them. More important is to appreciate that life is about more than the here and now. If you are married, with...
When you think of collectors the first thing that might come to mind is art. Stamps or coins might surface next, along with comic books, cars and baseball cards. But anything can be the object of personal passion. What qualifies can seem odd to others, but to the one...
Trust, but verify. That's an adage that comes to us from Russia. Ronald Reagan made it famous during his presidency, using it often in connection with nuclear disarmament talks.When it comes to the disposition of wills and other elements of a New York estate plan, it...
Whether you have reason to contest a will or you are an individual with fiduciary responsibility to another's estate faced with defending such challenges, it is important to understand how the law can influence the proceedings.Challenges to the various transactions...
