Conventional messaging around the probate process is that it is something to avoid like the plague. To that end, legal strategies and tools exist to facilitate the transfer of assets outside the scope of the court.The main reason for the aversion to probate is that it...
You know estate plans are vital, and you have put in the time and effort in making yours to protect your family and money. You may think you can relax now.Before you breathe a sigh of relief, however, make sure you have not forgotten any of these important inclusions....
The family of Tim Conway--co-star of the Carol Burnett Show--has recently announced that he is suffering from dementia. Progression of the disease is advanced. Conway is no longer able to take care of his own daily needs, and he is largely unresponsive. Now, his wife...
Ensuring appropriate medical care for a loved one in old age can be a challenge. Health insurance only covers so much. Estate planning may provide the means to ensure maintenance of needed care through Medicaid, the combined state and federal government program for...
Many in New York City don't have wills. Few have any valid excuse for being in that situation. If you work, are investing money for retirement and care for the welfare of your family, you should have a plan. If you have complex assets, it is even more important to...
This is a midterm election year. Among accomplishments claimed by the Republican Party controlling national government is the passage late last year of major tax reform. As we noted in a previous post, the package contains a great many benefits, not the least of which...
You may be procrastinating about developing your estate plan, thinking that you are not wealthy and do not have a lot of assets, so why would an estate plan be important?The reasons may surprise you. You probably have more assets to protect and pass on to your heirs...
Planning is a good thing. Not everyone likes it, but in the face of the inevitable and to ensure that assets representing one's legacy continue to serve the well-being of intended beneficiaries, few can dispute the value of the proposition.The problem is that the best...
Are you confused about estate planning? You are not alone. There are so many facets of law that can influence the formation of a solid plan.Many believe a simple will covers the bases. That might be true sometimes. But a great deal can happen in your life in a short...
Ensuring the well-being of loved ones incapable of caring for themselves is one of the greatest challenges any New York City family can face. If the onset of the incapacity is the result of some unexpected catastrophe, such as a near-fatal accident, concern about how...
