Estate Planning Isn’t Just For The Elderly
Many pet owners worry about what will happen to their pets if they die or become unable to care for them. While pet owners cannot legally leave any portion of their estate to a pet, they can take steps to ensure their pets receive proper care. What can you do to...
As a young adult, you may not have estate planning as a top priority. You may erroneously believe estate planning is for older adults, but this is untrue. What age should you consider planning your estate? Under the law, if you are 18, you can write a will. Take a...
When dealing with the matter of your will, you should recognize and understand the fact that arguments can and often do happen over a will even with your good intentions. In what ways can you reduce the chance of these arguments from happening? The importance of...
When it comes to assets like retirement accounts and life insurance policies, beneficiary designations dictate who receives the proceeds after you are gone. Unlike other assets, which you can include within your will, assets with beneficiary designations stand...
The unforeseen can befall anyone at any time, regardless of age or youth. Many young adults and new parents acknowledge this and prepare for the unexpected by starting an estate plan early in life, but some of them overlook the importance of having an advance...
For most people, estate planning seems straightforward and simple. For same-sex couples, it is important that you give the process careful consideration to protect your interests. Despite the legal protections awarded by the U.S. Supreme Court in 2015, same-sex...
As you probably know, funerals can be shockingly expensive. Indeed, according to the World Population Review, the average funeral in New York currently costs almost $11,000. When you add in other end-of-life matters, you can expect to pay roughly $30,000 on your final...
When someone sets up a will or estate plan, they name an executor to carry out their wishes once they die. According to Forbes, the executor does what is best for the estate when fulfilling their fiduciary duty. Because of this, it may be a good idea to consider if...
The estate planning process is complex and has many elements to consider. If you are in the early stages of estate planning, you might be considering a living will as part of your plan. While most people are familiar with traditional wills, a living will is different...
If you are just beginning to think about long-term planning for your loved ones, guardianship may be a new concept for you. A guardianship allows caregivers to proactively make decisions for those in their care. In New York, the law provides guardianships for those...