There is no way to predict the future, but there are steps you can take that will allow you to effectively plan for certain contingencies that may arise. One of the steps you can take is to update your estate plan, make sure your papers are in order, and make any...
Estate Planning
Avoiding complications during the probate process
The death of a loved one can lead to various complications for the heirs and beneficiaries left behind. If you recently lost someone, you understand how difficult it is to navigate the legal and financial steps you will have to take in order to close the estate of the...
Discussing estate plans with loved ones
Planning for the future is a deeply personal and individual process. People make estate planning decisions based on their individual needs and personal goals for their property, and there is no one-size-fits-all approach to this. Because of the personal nature of...
Advance directives should be a part of your estate plan
It can be uncomfortable to consider what types of medical care you could need if you are ever too injured or too sick to speak for yourself. While the possibility of incapacitation is an uncomfortable thought, it is critical to consider the specific types of care and...
Deciding how to distribute assets after your passing
Considering your own mortality can be a difficult process, and it is not always easy to navigate the challenges that come with planning how to divide your estate after your passing. You may have specific ideas of what should happen to your property in the future, or...
Business leaders have specific estate planning needs
Owning and operating a small business comes with various responsibilities, and there is an immense amount of pressure to maintain performance and profitability levels. It is easy for a New York entrepreneur to focus on the next step, but he or she would also be wise...
How can you audit your own estate plan?
Every New York adult will benefit from having a plan for the future. An estate plan allows one to decide what will happen to assets, personal property and wealth after passing away, as well as outline health care preferences in case of an emergency. Each individual...
Don’t let estate planning mistakes affect your loved ones
When you make plans for the future, you are protecting the interests of your loved ones and those who will be left behind after your passing. You can custom-tailor your estate plan to suit your needs and your objectives for your New York heirs and beneficiaries....
Revocable or irrevocable trust: Which should you choose?
If you are considering adding a trust to your estate plan, you may already know the benefits a trust can offer. Unlike a will, a trust allows some assets to bypass probate and go directly to your heirs. Trusts are also useful for protecting your assets from certain...
Start planning for your future before the end of this year
Before the end of the year, it's a good time to think about starting your estate plan. If you don't have one yet, then considering one as your New Year's resolution is a good option. Of course, there are other reasons to consider building your estate plan now. You'll...
