Sometimes, your plans don’t always pan out as you’d hoped. This may hold true for selling real estate in New York. Fortunately, it’s possible to exit a transaction without facing penalties. Sudden, unexpected issues Unforeseen situations can arise that may prevent you...
A surprising number of people in the United States do not have wills. Without a well-developed estate plan, individuals and business owners in New York are allowing their money and property to be handled by anyone when they die. Here are several common mistakes to...
Talking about final wishes and estate planning can be uncomfortable for families. Some people don't like to discuss their inevitable deaths while others don't feel comfortable talking about private financial matters. If you're a New York resident, here are some tips...
Including charities in your estate plan in New York could reduce how much you pay in taxes. Giving to causes you care about may be a satisfying use of your money and assets after your death. Appreciated stocks Estate planning allows you to transfer your appreciated...
In New York, an estate is subject to state taxes in addition to federal taxes. Taxes are the common challenge most people think about when they create an estate plan, but there are additional factors you should be aware of, such as passing down your business and...
Lease agreements with your tenants are subject to many rules and regulations. Tenants have rights under NY law, and you must ensure your rental contracts and practices meet current legal criteria. Drafting rental agreements Create a written contract that you and your...
