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Many people procrastinate when it comes to making an estate plan. If you ask someone why they do not have a will, there is a good chance they will say they have not gotten around to it yet or that they are waiting until they are older. However, this can be a...
Talking with your aging parents about estate planning is a conversation no one wants to have. It feels uncomfortable, emotional and intrusive. However, these conversations are an essential step adult children can take to protect their parents and themselves from legal...
In commercial real estate, the lease agreement is the primary authority governing the relationship between landlord and tenant. When a tenant falls behind on payments, can a landlord impose interest charges if the lease does not explicitly mention them? Understanding...
Co-ops are a unique form of residential real estate in New York City. A co-op (short for cooperative unit) isn’t an apartment rented by the month or year. However, it’s not a condominium or townhouse that’s owned by the person who purchased it. When someone...
A standard will, sometimes referred to as a last will and testament, is the main document around which an estate plan is typically built. The goal of this will is to divide assets. The will can state how these assets should be divided, it can identify specific...
Starting a new chapter in life can feel exciting. However, what many people do not expect is how this new relationship can reopen conversations about property, children and the legacy you intend to leave behind. Estate plans created years ago may no longer reflect...
When a loved one is diagnosed with dementia, helping to ensure their long-term care and stability becomes a top priority. Families often face emotional and financial strain as they seek the best environment to support their relative’s changing needs. However, one of...
A revocable living trust (RLT) is an essential estate planning tool that can help safeguard your future transfer of assets. This legal document can outline how you want your wealth to be distributed to your chosen heirs when you pass away. To help provide a deeper...
Estate planning is as much about personal emergencies as it is about mortality. It is possible to plan for future emergencies, including medical events that leave a person incapacitated. In addition to an advance directive explaining personal preferences on specific...
For many seniors, a reverse mortgage looks like a way to turn home equity into much-needed cash. It can feel like a safety net when retirement savings run thin, since you are not required to make monthly payments. Yet, behind the promise of financial relief, there are...