Estate Planning Isn’t Just For The Elderly
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...
In New York and most other states, the executor of an estate may not need to take immediate action after someone passes away, but many do. It is important for executors to take some time to grieve and recover emotionally. This makes it easier to proceed with a clear...
A health care proxy is a legal document that describes the medical care you want to receive if you cannot make medical decisions due to an injury or illness. You may also use the planning document to designate an agent to make important medical decisions on your...
In a prior blog post, we spoke about the fundamentals of estate planning for those in their 20’s. For this post, we will explore why estate planning in one’s 20’s is so important. After all, for most, this is the time in our lives when we are the most broke! It is...
An estate plan is an important set of legal documents and tools that can help New York state residents identify and distribute their assets upon their death. There is no single right way to prepare an estate plan as all individuals have different needs, preferences,...
So much of an estate planner’s plan for their estate and their loved ones commonly rests on a will, which is typically part of an overall comprehensive estate plan. For this reason, it is important for estate planners to understand what constitutes a valid will and to...
Young New Yorkers understand that estate planning is a necessary part of life, but they often don't proactively take steps to create such a plan. For many, its importance is only discovered when it is too late. To avoid problems for themselves and family members in...
In New York State and across the United States, recent events have shown just how quickly a person’s fortunes can turn. This is true for everyone whether they are young or old, healthy or have medical issues. To be fully prepared for the future, a comprehensive estate...
It is never easy to face the litany of challenges that arise if a loved one becomes incapacitated. For New Yorkers who are confronted by this issue, it may have occurred suddenly or been part of an incremental decline due to a medical condition or illness. Regardless,...
Planning for incapacity is an important step to take in the estate planning process. Incapacity planning involves the use of several different documents that estate planners and their families should be familiar with. Estate planning includes a set of documents that...