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...
Each year, people from all walks of life give back by donating to various charities. If you plan on donating money in New York, there's a certain set of guidelines to follow. Here's more information about tax rules and what you can donate. What can you donate to...
If you leave behind an inheritance for your special needs child in New York, they may become ineligible for government benefits. They must wait until they have used their inheritance to apply again for government benefits. The way to prevent this from happening is to...
Slip and fall accidents are among the top reasons why New York residents get injured. It’s important to know the most common causes of these types of accidents. What can cause slip and fall accidents? Floors that are wet, slick or slippery from spilled liquids, recent...
Many people in New York make a point of donating to charity each year. There is a wide range of tax-exempt organizations in the United States, whether they engage in educational and cultural programs, support charitable deeds or promote religious activity. However,...
Tax planning in New York isn't just for the rich. Regardless of your socioeconomic status, there are ways for you to save on your taxes. While you save on your taxes, you could begin investing to improve your socioeconomic status. Max out your 401(k) The more you...
New York wills are comprised of various clauses and parts that are all required to clearly state someone’s wishes after they pass. It might be confusing to understand all the different parts of a last will and testament, but most are relatively straightforward. What...
Giving money to a New York charity has long been one of the very best ways to make a reliable deduction on your taxes. The rules for this sort of giving have been revised to reflect the latest tax standards. There are two new rules that you will need to pay close heed...
A person who passes away with a will transfers their property to the beneficiaries named in the will under testate. A person who passes away without a will has their property distributed through a state's intestate succession laws. The laws define which relatives...
Many New Yorkers enjoy riding bicycles as a cheaper, healthier alternative to getting in a car. If you get into an accident, it’s important to know what to do afterward. Call 911 for help A bicycle accident that involves a motor vehicle can be serious. If you’re...