Estate Planning Isn’t Just For The Elderly
Many estate planners dedicate a lot of time to avoiding probate. Given that probate can be a very long and drawn-out process, it makes sense as to why you would want to help your heirs avoid it. One way that some Americans attempt to help their heirs avoid probate is...
If you have ever experienced a close call while driving, you probably thanked your lucky stars that you avoided a disaster and promptly forgot about it. But what if you become incapacitated in a vehicle crash? Or suffer a stroke? If you have a health care proxy in...
If you are like most people, death is not an easy conversation to have. It is tough when you're having that conversation with your adult children. Death is an uncomfortable topic, but it benefits the whole family if you have a conversation with them about your estate...
If you wish to leave your assets to loved ones after passing on, you probably do not want their inheritance eaten up by heavy taxation. In New York, there are both state and federal estate taxes. However, proper estate planning may result in the reduction of these...
Drafting an estate plan is not always a pleasant prospect, but it is necessary for ensuring your family is cared for after your death. Understanding what goes into an effective plan may make the task less daunting. An estate plan expresses your wishes regarding who...
Having an idea of when to review your estate plan is an essential part of its maintenance. Of course, every person's situation differs. There is no one timeline for updating and reviewing that works for everyone. But you can still follow a rough guideline. There are...
As a new parent, you prepared for the arrival of your child in many practical ways, such as buying diapers and opening a college fund. Now, prepare a will. You may not feel ready to think about estate planning at such a young age. Yet for new parents, thinking of the...
Since you never know what might happen to you and when it might happen, it is a smart idea to create an estate plan no matter your age. However, between now and the time you die, your life may change in many unpredictable ways. As a result, the estate plan you create...
The laws of intestacy dictate much of how estate plans function in New York State. They cover how to properly create an estate plan and how they should be implemented upon a person's death. In most cases, working with a deceased loved one's estate plan is a relatively...
Thinking about the worst-case scenario regarding your health can be difficult. But what if, in the future, you stopped breathing due to declining health? Would your loved ones know whether you wanted to be resuscitated or receive life-saving treatment? Or what if you...