A will is a key estate planning document that helps you dictate how you want your assets distributed to your heirs in the event of your death. Without it, your loved ones will have to go through probate, which takes time, money and can lead to family conflict. They...
Planning your estate in New York can be a complex affair. This will be all the more true if you fit the description of a high-net-worth individual. If this is the case, you will need to take extra care in your plans. You don't want to make a mistake that can lead to...
When developing your retirement plan, tax-deferred and tax-exempt retirement savings accounts are standard instruments to ensure you have enough money to live on in New York after you stop working. How are they different, and which one should you use? Tax-deferred...
Wills are among the important documents you'll need to sign to help secure your future, much like a marriage license or home loan. It's important that you know what is included in your will before signing so you can be sure your final wishes will be carried out by...
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...
As strange as it might seem, property owners can leave behind homes and commercial buildings in New York for various reasons and never return. When this happens, these properties can sometimes fall under what's known as bona vacantia. Learning about bona vacantia Bona...
The biggest mistake you can make in estate planning is not having any sort of a plan at all. This is true in New York and around the country. Any will that you create is usually better than leaving no will at all. However, there are some common mistakes that you’ll...
Creating an estate plan may help ensure that your needs are met both now and after you pass. If you fail to create a valid will, New York law must determine what happens to your assets after your death. Failing to create a valid trust, power of attorney or other...
New York estate laws spell out strict duties and responsibilities for a fiduciary to follow. The probate proceedings must be done correctly the first time to prevent delays, so an estate administrator has to understand and fulfill the duties as effectively as...
There are at least three documents to become familiar with when planning your estate in New York. Documentation is needed to ensure that your property and belongings are transferred to the right people after death. These documents make the work easier for you, your...
