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Even if you are not in a relationship, it is still a good idea to create an estate plan. This can help to ensure that the right person inherits your New York home, car, or brokerage account if you pass away unexpectedly. It can also ensure that someone is available to...
If you are a New York resident thinking about preparing your last will and testament, there are a few requirements to keep in mind. There are rules about the signature to the document and a curious but important reminder about staples. About a New York will Your will...
It’s likely that estate planning is not something you want to think about, but it’s a necessity. It doesn’t matter how old you are or what your estate looks like now – estate planning should be on your radar at all times. This article provides some key information...
A second marriage can offer a new chance at love for individuals who have lost a spouse due to divorce or death. If there are children involved, it is important to think about what will happen to your finances and assets when you pass away. While you can’t ensure that...
There’s an abundance of online help for all sorts of do-it-yourself projects. You can find instructions on how to build a birdbath, fix your phone or prepare a gourmet meal. All you need are a few minutes and a few dollars and your DIY project is ready to go. Not all...
As you contemplate initiating your estate planning in New York, a stark realization may hit: your decisions regarding the dispersal of your assets may upset some of your potential beneficiaries. Indeed, the last thing you want to do is cause contention amongst those...
Significant updates to the power of attorney (POA) law in New York were implemented on June 13, 2021. Existing POAs and statutory gift riders will not be affected, provided that they were executed under the provisions prior to the changes. The purpose of the revisions...
If you are like many adults in New York, then it may not be unreasonable to assume that you have not begun the estate planning process. Indeed, studies show that a majority of adults in the state (and throughout the rest of the U.S.) do not have wills. Your delay in...
When someone dies and leaves a will, most of the time the estate goes through probate. Probate is the legal process in which the judge makes sure everyone involved follows the terms of the will. If a loved one of yours died, you may be wondering what to expect from...
You are never too young to have an estate plan in place. Even for people just starting out in their careers, estate planning offers multiple protections. According to U.S. News & World Report, there are certain essential items to include in your estate plan,...
