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Many people love their pets and want them to be taken care of no matter what. Some people don’t realize that they can leave instructions for pets in their estate plan. There are several things that you should think about when you’re planning for your pet. Taking the...
Home prices in Brooklyn have been on the rise for the past decade, and they’re predicted to continue upward throughout 2022. Not even the economic uncertainty of the past couple of years has dampened it. It’s a sellers’ market, and many potential homebuyers have been...
When you do your estate planning, you want to make it as easy as possible for your heirs to gain access to their inheritance once you have passed. You also want them to be able to skip the probate process when possible. Fortunately, a revocable living trust can help...
If you have an heir with special needs and you're trying to think about how to put them into your estate plan, it may not be wise to simply leave them money and assets in your will. This is the easiest way to do it, but it can have some unintended consequences....
Trust administration is largely a boring and technical job. A trustee has to manage resources and distribute them to beneficiaries when appropriate. However, especially if a trust includes significant resources, there is a possible motive for someone to misuse their...
Trying to sell a piece of real estate is a stressful process. You need to stage your property to make it appealing to buyers and then leave your house so that strangers can go through your space. Then, you have to review their offers to figure out which one would be...
You have the option to designate an agent with a healthcare proxy in New York. This person steps in when you can't make your own medical decisions. They can make them on your behalf, and they legally have this ability so that they can work with your medical team. ...
Medicaid is a needs-based program, so those who have stable financial circumstances may think they will never need Medicaid benefits. The more personal property you have and the more you have set aside for retirement, the more confident you may feel about your ability...
If you have created considerable wealth, you might not want to leave it all to your kids. Many well off people come to similar conclusions. While a bit of money can help your children get ahead, making things too comfortable could impact their motivation to succeed...
You can set certain financial accounts up to be payable on death (POD). This means that your own passing immediately puts the account into someone else's name. You pick that beneficiary and assign them the control of the account in advance. You still have full control...