Estate Planning
Why estate planning matters after the loss of a spouse
Losing a spouse changes more than your daily life. In New York, it also affects how you control your assets, make decisions and protect your family if you leave your estate plan unchanged. Your estate plan may no longer reflect reality Most married couples build their...
3 key ways a trust can safeguard your child’s future
As a parent, nothing is more important than protecting your child. Thinking about what could happen if you are suddenly unable to care for them is difficult, but planning ahead can give you peace of mind. One of the most effective estate planning tools is a trust. A...
How families can avoid probate delays
Probate in New York can become complicated. When it drags on longer than expected, it forces your family to wait for access to the assets you intend for them. The good news is that you can take steps now to keep things moving. By understanding what slows the process...
Four reasons to engage in estate planning at a young age
A lot of people think that estate planning is something for the elderly, and many make the mistake of thinking that estate planning is only about asset distribution. There’s so much more to the process that can give you and your loved ones needed protection and peace...
Four dangers of DIY estate planning
A quick internet search will uncover a whole host of templates and self-help guides claiming to give you the tools you need to build an effective estate plan. When you see these resources, you might t be tempted to create your own estate plan and bypass legal...
How can you reduce the risk of an estate plan challenge?
If you intend to create an estate plan that bucks familial expectations, then your estate could be challenged by a disgruntled beneficiary who thought they should’ve inherited more, or by someone who was left out of your inheritance scheme altogether. And if you’re...
Choosing an executor for your estate
One of the steps involved in setting up an estate plan in New York is choosing an executor for your estate. An executor is someone you appoint to carry out the terms of your will after you pass away. An executor has many duties and responsibilities. They are...
What you need to know about powers of attorney
When you think about estate planning, you probably picture figuring how to distribute your assets to loved ones. While this is a critical part of the estate planning process that you need to thoroughly address, it’s not the only piece of your estate plan that needs...
Helpful estate planning tips to keep in mind
Deciding to set up an estate plan is a wise and responsible decision. No matter your age or how much you own, having an estate plan has many benefits. It protects your loved ones from the stress of wondering what you would like to happen after you pass away and...
Top 5 reasons for young adults to start estate planning
A lot of young people think that estate planning is something you put together later in life when you can see a clear need for it. But procrastination is one of the biggest mistakes when it comes to estate planning. You never know when something is going to go wrong,...