New York parents often want to ensure each child receives an equal share of their estate. Sometimes, however, this isn't advisable or even possible. In such cases, they should consider their options and communicate their intentions to their children. Reasons for...
In New York and around the country, creating an estate to distribute and manage a deceased person's assets is typically necessary. The lack of designated beneficiaries for assets will often determine whether or not an estate is needed. If it is decided that an estate...
In a perfect world, all family members would get along well. As New York residents know, peaceful familial relationships aren't always possible. Whether they're your parents, siblings or children, people stop talking to their families for many reasons. Besides...
In most families, the difference in children's ages is between 24 and 29 months. Occasionally, families get a surprise with a new arrival they didn't plan for. The new baby could be as much as ten to 12 years younger than their closest sibling. After celebrating the...
There are two scenarios in which you would consider taking legal action against an executor. The first scenario is when an estate representative fails to take timely action to satisfy a claim made by a creditor based in New York or elsewhere. The second scenario is...
Although many people assume that creating a will is the same as creating an estate plan, this is not the case. While having a will gives you more control over what happens to assets held in your New York estate after you pass, it may not be enough to meet your needs....
For many people in New York, estate planning becomes a concern when they begin to think about the future. Whether you are getting married, having children or developing new financial success, any of these milestones may cause you to think about how to protect your...
Having to think about how your parents’ finances in New York will be handled if they pass away is unpleasant, but often necessary. It is important to know the warning signs that they may be struggling financially so that you can take the necessary steps to ensure...
Planning your estate may seem like a simple do-it-yourself (DIY) task in New York, but you risk making costly mistakes and suffering unintended consequences by choosing this route. You may not know the intricate details and legal considerations in setting up a will...
Estate planning in New York is essential if you own properties and investments or have minor children. With an estate plan, you can determine how your assets should be distributed after you pass away. Creating one will also clarify medical directives and power of...
