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If you’re in a position where you want to give someone else the legal power to make choices or take action for you, you can do it with a power of attorney. For instance, maybe you want someone else to be able to access your bank accounts or talk to your doctors about...
Estate planning is an essential step in securing your family's financial future. One tool that often plays a vital role in this process is the irrevocable trust. This unique legal arrangement offers several benefits worth exploring. Irrevocable trusts can provide...
What you understand about estate planning may be wrong. Many sites misinform people about how estate planning works. To help ensure you understand your legal option when planning your estate, you may need to read the following: Myth 1: You don't need to worry about...
You may have heard from a friend or loved one that the best thing they’ve done is make an estate plan. They now feel safe about their future after making an estate plan. Maybe it’s time for you to make an estate plan. If you don’t know where to begin when making an...
It has become increasingly common for aging parents to talk with their children about their estate planning, whether by involving them in the decision-making process or by letting them know what their wishes are and what their wills or trusts contain. Every family is...
The Manhattan region is the financial capital of America--if not the entire world. Many who live and work here have accrued considerable wealth, which they want to preserve and protect. Estate planning empowers all New Yorkers to manage their property in a way that...
When making an estate plan, you may need to be aware that people can contest your last wishes. If they're successful, that could mean that a large portion of your estate is left to someone unintended. Will contests can happen for many reasons. Here are a few: 1....
Your estate executor, or estate administrator, is the person that you name to help your family through the probate process. You’re going to write a will that gives them directions. But the executor is the person who follows those directions and does things like paying...
Parents often seek the help of their kids with estate planning, especially those with children 40 years and above. They may want help accessing the guidance they need, getting their documents ready and so on. However, this can lead to undue influence, which can...
Naming an individual to serve as a power of attorney on your behalf is an important part of the estate planning process. Unlike crafting a will – which concerns your interests in the event of your death – this effort will allow you to protect your interests in the...