Recently, the world was shocked to learn of the unexpected death of the musical legend Prince. Best known for his provocative lyrics and flashy on-stage performances, Prince was also intensely private and fought fiercely to maintain ownership of and control over his...
Most people presume that a comprehensive estate plan is unnecessary until you are retired and wealthy. It is true that trusts are essential tools to minimize estate taxes, provide for charities, and ensure loved ones are able to benefit from your hard work.But trusts...
Dealing with a parent's diminishing physical and/or cognitive health can be both emotionally and financially draining. The same is true when a parent passes away, as many adult children are left to sort out not only their own complex feelings, but also complex estate...
Now that spring has officially arrived, you may be thinking about organizing that closet or desk drawer which fell into a bit of disrepair over the winter months.It is time for spring cleaning, and as part of your annual ritual, you may consider tidying up your estate...
Most people are familiar with the estate planning document known as a last will and testament. Frequently regarded as the most basic of all estate planning documents, via a will, an individual can express his or her wishes with regard to the distribution of assets and...
Whether a loved one died without a will or portions of a will are being contested, there are times when legal disputes may arise related to a loved one's estate plan. Probate litigation matters are often highly emotional and contentious and, if not handled in a...
While most people know that they should take steps to plan for what happens to their assets and belongings after they die, an alarming number of U.S. adults don't even have a will. In fact, according to an April 9, 2014 article in Forbes, 51 percent of Americans...
Individuals who take the time to establish an estate plan, often spent years creating and updating its provisions as their lives and financial and familial circumstances change. In cases where an individual has amassed a considerable amount of assets and plans to...
Many middle-age New York City residents must deal with the logistical challenges and emotional stress that comes with figuring out how to care for elderly parents. In addition to possible health problems and physical ailments, as they age, many people grow...
We have previously written about the benefits of sharing one’s thoughts about estate planning with one’s family and close friends. Especially if there is a risk that one’s estate plan will be fought over by frustrated relatives, talking about...
