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Estate planning is a crucial step in protecting your assets and loved ones. But it faces taxes which can result in financial issues for beneficiaries. Nonetheless, there is an exemption for this tax. According to the Internal Revenue Service (IRS), the basic exclusion...
New York landlords have a duty to ensure that the commercial property they are leasing meets the basic health, safety and structural standards stipulated by local, state and federal laws. If this obligation is not met, the tenant may pursue applicable options. One of...
Medicaid is a program that is seemingly constantly evolving. These changes can impact the futures of you and your family. Next year is no different. Several significant changes from the New York Legislature will go into effect that will likely benefit people's lives....
Once you find the ideal commercial space for your business operations, you may feel eager to sign the lease and move in. Enthusiasm is understandable, but it might distract you from ensuring the lease terms serve your best interests. You have the right to study the...
Creating an estate plan is the responsible thing to do as an adult. However, there are situations when your estate plan may be missing something. With so many documents that go into these plans, it is easy to forget or neglect important parts. Here are some of the...
One of the most important things for some adults is to ensure their loved ones are cared for if they die. Having their estate plan ready is the only way to do this. An estate plan can have several components, including wills and trusts. While many people think they...
Creating an estate plan is a smart and effective way to plan for a time when you will no longer be present. When you create an estate plan, you may think your situation won’t change. However, life is unpredictable, and as a result, at some point, it may be time to...
One of the goals of estate planning is to help your beneficiaries get the most out of their inheritances. That means making careful decisions to help ensure that they aren’t faced with unnecessary taxes. One area where you need to be mindful of this is your...
Creating an estate plan is a responsible step to take as an adult. It includes things like your will, power of attorney and advanced healthcare directive. However, some people don’t realize that their estate plan is an evolving legal entity that must be updated and...
It isn't often that pop culture focuses on estate planning, and what movies include is often inaccurate or misleading. Many viewers watching Taylor Swift's recent music video might chuckle at the extended scene involving a family altercation as they read her will. Her...