Estate Planning Isn’t Just For The Elderly
As your search for the right person to be your executor continues, you may have a few possible options in mind. When choosing between different people, it can benefit you to think of traits that will help this person to fulfill the job of executor. Learning about what...
Estate planning is an important step in securing a comfortable future for loved ones. An essential tool in this process is the use of trusts, which can provide significant advantages. In this article, we will explore the importance of including trusts in an estate...
A healthcare proxy is an important part of a comprehensive estate plan. It allows an individual, the principal, to appoint someone they trust, known as the agent, to make healthcare decisions on their behalf if they become unable to make such decisions for themselves....
Your estate plan must include many tools to ensure proper handling of your assets after you are gone. Along with wills and trusts, beneficiary designations are another essential aspect of a solid estate plan. Even a minor error in completing beneficiary designations...
In order to settle an estate, executors often need to accomplish numerous tasks which vary in complexity and how much time it takes to finish. Many people do not understand this when choosing an executor or when becoming one, though. This leaves people tragically...
Contesting a will is a significant decision that can have lasting implications for all parties involved. In New York, several valid reasons might prompt an individual to challenge a will. 1. Lack of testamentary capacity One reason to contest a will is if the...
Having a Last Will and Testament is important, and it is even more important for the individual creating that Last Will to meet with an attorney while in a clear and uninfluenced state of mind. This is where it is useful to understand what it means to be unduly...
New York allows people to establish trusts, which can help control, manage or protect assets. While there are many different types, two of the main types are revocable and irrevocable trusts. The revocable trust has language saying that the grantor/creator may change...
Many people have a false belief that only two groups of people need a will: the elderly and the rich. In reality, however, anyone could benefit from a will. In fact, the earlier you write a will, the more beneficial it will likely be. Increasing awareness of a will's...
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...