Estate planning is one of the most important things you can do for yourself and your loved ones. It can seem like a daunting task, but when you have a grip on the basics, you can work to ensure that your family is taken care of. Some of the most important elements in...
Month: January 2022
Month: January 2022
What you need to know to navigate the New York probate process
When someone dies in New York, their estate must go through a legal process known as probate in order to be distributed to their heirs. This process can be confusing and complicated, especially if you are not familiar with the law. Here's a look at everything you need...
Using a charitable remainder trust in your estate plan
If you live in New York and you are preparing an estate plan, you might be interested in giving a portion of your estate to charity. With a charitable remainder trust, you can still provide for beneficiaries and may be able to take advantage of a tax deduction as...
The basics of charity remainder trusts
There are many types of trusts that can be used in estate planning in New York, and one of the most popular ones is the charitable remainder trust. This type of trust works for those who want to give back to the community, while also leaving money for their heirs....
Tax considerations in New York estate planning
Estate planning in New York is a diverse, challenging, and delicate area of practice that you must take your time with because there are many factors at play when transferring property to your loved ones or a charitable organization. Among them, taxes are the main...
Understanding comparative negligence in New York
Comparative negligence is the legal doctrine that personal injuries are are not always the total fault of another party. Many times the injured victim actually contributes at least in a small portion to their own harm. Most states use comparative negligence in some...