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Developing real estate can be a lucrative business, but it is by no means easy. Real estate development is not as simple as picking a plot of land and building. Developers have to carefully plan and strategize as well as act following the law. Here are some common...
Real estate transactions are relatively complex. The buyer and seller both need to protect their interests, as does the lender providing financing. Even in a scenario where a buyer makes a cash offer, there are usually weeks between when the seller accepts the offer...
Creating an estate plan requires you to think carefully about how you’ll pass your assets down to your beneficiaries. If you only have simple assets, you may be able to pass everything down in your will. If you have more complex or valuable assets, you may need to use...
As you approach the retirement age, planning for long-term care becomes an essential part of your preparations. It is not just about having the resources to fund your needs, but also about ensuring you have the necessary care and support when you need it most. Here...
Medicaid planning is an essential aspect of comprehensive estate planning. However, many people in New York overlook it until a health crisis strikes. This approach can lead to missed opportunities and potential financial hardships. Here are three reasons why you...
One of the most important aspects of estate planning is making medical decisions in advance. This is part of the reason why it’s beneficial for people to have a plan even when they are young. They can still use a medical advance directive to make decisions or a power...
When it comes to making decisions for someone unable to make them for themselves, two legal arrangements often come into play: guardianships and powers of attorney. While both serve similar purposes, they have key differences that are important to understand....
New York, unlike most states, has an estate tax. That means large estates may end up being subject to state as well as federal estate tax. Like federal estate taxes, state estate taxes can be avoided or at least minimized with careful estate planning. New York has...
Finding an excellent in-home aide for an aging parent or loved one requires careful thought and planning. Since this person will be in the home and assisting with personal care, you must have someone who is not only competent and reliable but also a good fit. Improve...
A payable on death account is, in many ways, a normal bank account. The difference is simply that you can pick a beneficiary for that bank account. If you pass away, this beneficiary just has to present proof of your passing to the financial institution. They then...