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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...
If you’ve started looking into estate planning, you likely already know that New York is among the states that have its own estate tax. That means that if your estate is worth a significant amount of money, you could be looking at it facing federal as well as state...
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...
If you’re doing your estate planning, one thing you may be considering is leaving your home to your children. This may be one of the biggest assets that you own. There’s also something to be said for sentimental value. Unfortunately, leaving a home to multiple...