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Imagine this scenario: You rush to the hospital after learning your long-time partner has been in a serious accident. As you arrive, your heart racing with worry and fear, you confront a harsh reality. Because you are not married, you have no legal right to make...
If you passed away today, who would take care of your child? You may say that your spouse would do so, but what if neither one of you were there to provide this care and upbringing yourselves? Who would step into that role? This can be a concerning question for...
As you watch your parents age, you might find yourself thinking more often about their future care and well-being. This is when planning for end-of-life care becomes a critical part of their estate plan. Advance health care directives are essential documents that...
Every adult 18 and older should have the most basic aspects of estate planning — a simple will, an advanced care directive and a power of attorney. More complex estates might include trusts as well. But New Yorkers would do well to take a page from our European...
Imagine yourself in a hospital bed, unable to speak or move. Your doctors and family members debate your medical treatment, unsure of your wishes. Unfortunately, this scenario is not rare, especially in end-of-life situations. But you can avoid this uncertainty and...
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...