Estate Planning Isn’t Just For The Elderly
In 2020, Gallup did a survey and found that only 45% of Americans have a will. Wills play an essential role in determining how the courts distribute assets and personal belongings after someone's departure. New York has regulations and requirements for drafting and...
A will serves as a critical document that outlines your wishes for the distribution of your assets after your death. Keeping your will up-to-date ensures your final wishes accurately reflect your current circumstances and desires. In New York, several events and...
Perhaps you need to update your will because you are going to marry again or because you and your spouse are young marrieds who just became parents for the first time. Those are typical reasons for making changes to your will, but there are others you might not have...
Executors have a lot on their plate when it comes to managing an estate plan. For this reason among others, it is crucial for executors to have select traits that make them more suited for the job. But what are these traits? What exactly makes a good executor in the...
Young adults often avoid an early start on estate planning for several reasons. They might think a will or making a retirement plan can wait until they are in their thirties or forties. In reality, early estate planning for young people has many benefits. Protecting...
Estate plans protect your family after you are gone. They also make sure that your assets receive the proper treatment in terms of inheritances. When it comes to advance directives, also known as living wills, they can ensure you receive the type of medical care you...
When you start working on your estate plan, one of the first things you must decide is who you want serving as the executor of your estate. This is a pivotal role and the person you select must fit certain criteria. Naturally, you may lean toward a trusted relative...
At its most basic, a will directs the distribution of certain property at the time of your death. Most people know that a will belongs on a shortlist of essential documents for estate planning. However, you might not know what factors make it beneficial to have a...
A fiduciary is someone who acts on behalf of another in legal matters. When you are estate planning as the parents of minors, it is important to find fiduciaries who are both qualified and willing to act in your child's interests in the event that you both die....
The safest way to create financial stability for a loved one with special needs is to establish a special needs trust. The beneficiary has access to lifelong funding and remains eligible for benefits when managed properly. A crucial step in creating this trust is...