It’s hard not to recognize that the real estate market has shifted dramatically, with home prices rising exponentially in certain areas – and many industry experts think the trend will continue. Even if you own a modest home, leaving it to your child or children...
When you’re thinking about your estate plans, sooner or later your mind is going to turn toward the smaller, tangible items that you own -- all of those little things that you’ve collected over the years. How do you divide those kinds of things up fairly? Before you...
You’re proud of your net worth, and you’ve spent decades amassing a nice amount of wealth for yourself. You’re not on the Forbes list, but you’re doing far better than the average person, even in New York. Now you’re working on your estate plan, though, and one heir...
There may come a day when you need medical care but you aren't in a position to make your own medical decisions. Maybe you are in a coma because you were in a car crash, or maybe you suffered a pulmonary embolism. Any medical event that renders you unconscious or...
Financing a home purchase requires that you meet many different criteria. However, given how high the average property value is in New York, a mortgage is often the only way to buy a house. You may not be able to purchase the house of your dreams with a standard...
You often see people use the words “heir” and “beneficiary” interchangeably. They’ll say things like “I need to list my beneficiaries in my will to ensure that my heirs get the right assets.” The idea is that the two terms are just different words for the same thing....
Maybe you’re getting older, and you realize you need a plan for the future -- or maybe the events of the last few years have made you more conscious of your mortality. Either way, a living will is a good idea. A living will is a written declaration that helps clarify...
If you own artworks, you need to remember to include them in your estate plan. They may be among the most valuable things you own. They may require special treatment due to their nature. There are several ways to deal with art in your estate plan. You could place...
The real estate market has been red-hot in a lot of areas of the country, and that’s made finding a house difficult for a lot of would-be homeowners. When you announce that you’re planning to sell your home, you may end up getting a quick offer to purchase the...
If you decide to get life insurance, one of the benefits is that your loved ones can receive a payout after you pass away. Life insurance can be extremely helpful in covering the cost of your funeral as well as with other financial issues following your death....
