Disagreements and conflicts between family members aren't uncommon. However, it can make it harder to decide who should get your New York home or who should serve as the executor of your estate. It may be possible to navigate family dynamics as they relate to your...
When was the last time you looked at your estate plans? It’s likely been some time. Estate planning is a lifelong process, so there are times when you really do need to revisit your estate plans and make some changes. One of the most common reasons people update their...
After you write your will, there may come a time when you might change your mind about some of its provisions and instructions. Instead of scrapping your will and writing a new one from scratch to make few minor changes, using a codicil to a will might be more...
In New York, launching a startup can provide endless possibilities for an entrepreneur, but it comes with the risk of potentially unforeseen setbacks and complications. Planning for all possible contingencies may feel pessimistic; however, it lays a secure foundation...
The estate planning process for individuals in New York with a significant net worth can be challenging. Several elements need to be considered, including tax liabilities and matters that impact the family. Setting priorities Setting priorities is a crucial aspect of...
In New York, choosing an attorney-in-fact (now referred to as an "agent" under New York law) is an important decision because your agent acts on your behalf when it comes to your personal finances and legal matters if something happens to you or if you authorize the...
During the probate process in a New York courtroom, the judge will have to approve the executor who serves as the personal representative of the estate. Typically, the testator names an executor in their will. The executor must carry out several tasks on behalf of the...
Many New York residents include durable powers of attorney in their estate plans to ensure that important medical and financial decisions will be made by a trusted and responsible individual if they become incapacitated or otherwise need help. Drafting these documents...
Estate planning is one of the most important ways to protect your family and your assets. Unfortunately, it is also one of the most difficult conversations to have with your loved ones. Thankfully, there are certain ways that you can make this conversation easier for...
Speaking to your New York loved ones about their estate plan is difficult but essential. As challenging as it is, the day will come when parents are no longer there or aren't able to communicate their desires. Missing out on this conversation causes stress and...
