While a last will and testament might be the most common way people transfer assets to family members and other beneficiaries after their death, another option exists. Estate planning in New York may involve setting up a trust, which can allow certain assets to...
The estate planning process in New York involves completing many steps. One of an executor's most important duties is resolving the debts of an estate. While this sounds simple enough, executors must know the order in which to pay creditors, the IRS and beneficiaries....
Many people in New York and around the country feel awkward about bringing up their parents' estate plan to them. However, you may want to overcome the fear of having this uncomfortable conversation and encourage your parents to write a plan if they haven't yet. There...
The days and weeks following a car accident could be traumatic for victims. Persons hurt by a negligent driver may contend with injuries dramatically affecting their quality of life. Even injuries that heal relatively quickly could have detrimental results. Someone...
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...
A 2023 fender bender in New York resulted in a road rage incident that left one man dead. One man exited his vehicle and slashed the other driver’s tires. The other driver stepped on the gas and pinned the first driver against a building. The New York Post reports the...
Traveling by road becomes more hazardous during the fall months, and this is especially true in states like New York where the sun sets earlier and storms are common. When researchers from the National Safety Council studied National Highway Traffic Safety...
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...