Estate Planning Isn’t Just For The Elderly
A legal case regarding a New York trust has made its way to the United States Supreme Court. The outcome of its legal dilemma may have far-reaching effects on how trusts across the nation are taxed, and because this is a significant legal topic, this post will discuss...
One of the most overlooked but critical documents that should be included in a thorough estate plan is the power of attorney. In fact, the best estate plans should include two separate power of attorney documents, potentially even a third. Many people shy away from...
The laws of the state of New York impose certain requirements on wills to make sure that they are authentic representations of the testamentary desires of individuals. Requirements such as witnesses and signatures are in place to help avoid later challenges to wills...
When dealing with estate assets, it is a necessary to go through a legal process. Probate involves the collection and distribution of a decedent's assets in accordance with their will and other estate planning tools. In New York, the elements of a person's estate may...
Long-term care planning involves addressing a multitude of issues, including legal, financial and medical matters. It can include putting aside money, purchasing an insurance policy and drawing up a health care directive or durable power of attorney. In addition, it...
When two individuals own an account jointly, they may both use the funds in the account for their own benefit. Their creditors may pursue the funds when the individuals accumulate debts, and the individuals may transfer their rights in the account to others. It is not...