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Estate Planning

Estate planning simplified

Approaching estate planning can be daunting as it involves thinking about one's life and death. For most New Jersey adults, though, the process can be broken down into a few straightforward steps. Some of the most important things are to establish guardianship,...

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Charitable giving as part of a larger estate plan

For many in New York, charitable giving plays a significant role in wealth disposition after death. A firm grasp of all of the different ways in which philanthropic bequests can offer tax benefits while also helping others can help people feel comfortable with their...

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Understanding the common types of trusts in New York

Trusts are a valuable estate planning tool that can help you protect your assets and provide for your loved ones. There are many different types of trusts, so it is important to choose the right one for your specific needs. Revocable trust This type of trust allows...

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Estate planning and children

For older adults in New York who are thinking about estate planning, it is important to consider the impact on their children. Whether the inheritances for each child are unequal or perfectly equal, there can be arguments and resentment. Estate planning for the future...

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Do singles need an estate plan?

An estate plan doesn't just outline what to do with your property after you die. It protects you from unwanted health care and financial decisions in case you go into a coma or another form of incapacitation. Whether you're wealthy or poor in New York, you could...

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Can my estate bypass probate?

Assets that remain inside of your New York estate will likely be subject to probate when you pass. However, it's possible that at least some of your assets will be able to bypass this process if you use beneficiary designations. In addition, any assets that are owed...

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5 ways to maximize your tax cuts through donations

Are you a New York resident who is looking for ways to reduce your taxable income this year? If so, you may want to consider making charitable donations. These donations can help you maximize your tax deductions and lower your tax bill when done correctly. Here's a...

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The top 3 estate planning essentials in New York

Estate planning is the process of preparing for the management and disposal of your assets in the event of your death or incapacity. When planning your estate, there are a few key things that you must have in place in order to protect yourself and your loved ones. A...

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