Safeguard Your Future By Planning Today
Choosing a power of attorney (POA) is an important decision that can impact your future well-being and financial security. This person will make decisions on your behalf if you become unable to do so. Selecting the right individual requires careful thought and...
Second marriages often create challenges in estate planning, especially when addressing money, healthcare decisions, and blended family relationships. Durable powers of attorney (DPOA) clarify financial and medical decisions to match the couple’s wishes. These...
If you are planning a move from one state to another, you may wonder if your legal documents are still valid. This post will discuss specifically whether powers of attorney (POA) are valid if you execute them in New York and then move to another state. General...
Driving is a key part of independence for many older adults. However, aging can bring along physical and mental changes that may impact driving abilities. Recognizing these signs can help ensure the safety of older drivers and everyone on the road. 1. Difficulty with...
Your Guide to Understanding the Generation-Skipping Transfer Tax Generation-Skipping Transfer Tax 101 Many people are familiar with the existence and some aspects of estate and gift taxes. If you are part of an ultra-high-net-worth family, it is important to also...
When creating a last will and testament (commonly known as a will), one of your most important considerations is who to choose to serve as the executor (also called a personal representative) of your estate. As the name implies, the role of the executor is to execute...
Your mortgage, like the rest of your debt, does not simply disappear when you die. If you leave your home that has an outstanding loan to a beneficiary in your will or trust, your beneficiary will inherit not only the property but also the outstanding debt. They may...
When people think about creating an estate plan, they may think it just involves getting a set of forms that convey their wishes regarding their finances, health, and what will happen to their stuff when they die. Although the documents that comprise an estate plan...
When it comes to decisions concerning your health, having a plan in place brings peace of mind about your future. One option you have for addressing your needs is designating a healthcare proxy. If you are not familiar with the concept of healthcare proxies, it is...
A divorce fundamentally changes the dynamics of a marital relationship. It is only natural that individuals may want to reassess their estate plans in light of this significant life change. One important consideration in New York is whether you should revoke your...
