One of the most common questions that estate planning attorneys address in the initial stages of the process deals with identifying an executor or executors. These are the individuals who are named in your plan as having the responsibility of and authority for...
Perhaps the most important tip in response to the question posed in the title of this post is: Create one. It is unfortunate, but too many people make the mistake of thinking they don't need an estate plan.Maybe it's because they don't think they have assets of a kind...
If you are like many New Yorkers, you have strong feelings about the type of medical care you want and do not want in the event you must enter a hospital or nursing home as a result of an accident, injury or catastrophic illness. But what if your condition prevents...
If estate planning has been on your mind for some while, it might be time to ask yourself what is holding you back. As unpleasant as thinking about mortality and death can be, it is necessary so you can help provide for your family in Brooklyn long after you die. You...
Sometimes, married couples have the expectation to do everything together and share everything together. This idea may pop up as you and your spouse create your estate plans. You may wonder if you only need to have one will or if your separate wills should be...
An estate plan is a common means people use to secure the future of their loved ones. Depending on the size of the estate and the particular needs of the estate holder and beneficiaries, different elements of the plan may be best for the estate.In particular,...
A proper estate plan can individuals distribute their personal property and assets to the parties of their choosing. There are a few different elements that an estate plan may have, depending upon what the estate includes.In some cases, a testamentary trust may be...
When it comes to estate planning, too many people in the Brooklyn area put it off and continue to ignore its importance. You may feel like you have plenty of time to sit down and create your estate plans, but there is no guarantee for tomorrow. A lot of things could...
Many people think that estate planning is only for the wealthy, but the truth is that anyone can benefit from advance planning about how to distribute their assets after their death. If you do not consider this important task prior to becoming elderly, ill or...
You may think that by creating a will, you are covering all your bases and protecting your assets. But if you do not take the time to consider your loved ones' reactions to it after your death, your final instructions may not carry much weight with them. It is common...
