Safeguard Your Future By Planning Today
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...
If you already have an estate plan know that you are ahead of the game. The vast majority of Americans do not have an estate plan in place — this is in spite of the fact that we just lived through a pandemic that had us all questioning what the future would look like....
According to a survey conducted by Caring.com, approximately 2/3 of Americans do not have an estate plan. If you have elderly parents without an estate plan, you might be wondering if you should discuss it with them. Talking about estate planning with parents can be a...
You have probably heard of a trust before, but did you know there are two kinds of trust? Many people are unclear on the function of each type of trust, making estate planning confusing. Do not worry if this sounds like your situation. Here are some similarities and...
There are a lot of things that most of us know are good for us, but we still struggle to get around to doing. Estate planning is one of those things. Still, it might come as a shock to learn that up to two-thirds of Americans don't have an estate plan. This figure...
MEMORANDUM New York Law, under the Surrogates Court Procedure Act § 1301(1), provides a simplified method of collecting assets titled in a decedent’s name alone at the date of death, as long as the gross value of the assets do not exceed Fifty-Thousand Dollars...
