You may hate to think that your heir(s) will ever end their marriage, but the reality is that between 40 and 50% of all first marriages do end in divorce, with the rate of second-marriage divorces also rising even higher. Though you may not be able to predict the...
Being the executor of someone's estate is a big responsibility, and there are a number of things to consider before you agree to do so. As the executor, you are responsible for ensuring all debts are paid, distributing assets according to instructions in the will, and...
The current estate tax rate in New York ranges from 3.06% to 16%. According to these tax rates, estates over 6.11 million per individual in 2022 are subjected to taxation. In addition to these tax rates, the state has a tax cliff that mainly targets larger estates....
The death of a loved one or family member can be very emotional, and sometimes disputes arise among family members regarding trusts or wills. An estate litigation attorney is often needed to help resolve issues over the estate including the division of assets,...
Estate planning is necessary to ensure your assets go where you want them to, who you want them to go to, and that they're distributed in the manner you wish. However, when many people are asked about their estate planning, they reply that they don't have any because...
When thinking about your future, you may be considering both elder care and estate planning. It's important to know the difference so you can create a long-term goal now. Estate planning involves managing your assets in the event that you become incapacitated or pass...
The vast majority of estate planning happens without incident, but what if you suspect that your loved one was incapable of making legal decisions about their estate due to age or illness? Read on to learn about what makes a will valid or invalid. What is a will? A...
If you're getting your affairs in order, no doubt you've heard about trusts. There are lots of different types, but they generally fall into one of two categories -- revocable and irrevocable. Each has its own benefits, so the best choice for you will depend on both...
As you probably know, there are two types of estate planning documents -- wills and trusts. There are many differences between these two documents and how they serve to protect your loved ones after you're gone, so it's important to understand which one works best for...
Part of estate planning involves making sure that you or your loved ones are taken care of as you age. Nursing homes, assisted living facilities and other forms of long-term care can be quite costly, however. It's not unheard of for a person to quickly exhaust their...
