Some elements of smart estate planning don’t involve traditional estate plan documents like wills and trusts. There are other ways that people can help assets transfer easily and quickly to their intended beneficiaries. One of these is a payable-on-death (POD)...
New York is a no-fault state when it comes to car accidents. This means that after a crash, you file a claim with your own insurance company. However, if your injuries meet a certain threshold, you may pursue a claim against the other driver. This distinction can make...
When setting up an incentive trust as part of your estate plan, it gives you a chance to have some control over a beneficiary’s life after you have passed away. You give them different incentives or goals to accomplish, and they then obtain their inheritance as they...
Getting involved in a motor vehicle accident as a victim can turn an ordinary day upside down in seconds. The shock, confusion, and adrenaline make it hard to think clearly, yet the choices you make right after the crash can affect both your safety and your ability to...
An irrevocable trust can help protect your assets and give you more control over your legacy while reducing estate taxes. If you are thinking of establishing one, it's important to understand how these trusts work. That way, you can avoid any unintended consequences....
Technological advances often develop more quickly than laws meant to regulate technology. It may take years for state and federal lawmakers to adapt to the social changes generated by significant technological advances. In some cases, delays in enacting new laws lead...
A quick trip to the store can turn into a painful and stressful experience if you’re injured on the property. Slippery floors, poor lighting or unexpected obstacles can lead to falls that result in serious injuries. Property owners and businesses have a legal...
In the adrenaline rush that follows a collision, a parent’s first instinct is often to check on their children. If any child seems hurt or scared, a parent’s instinct will be to pick them up or move them. This urge is deeply human, born out of love and a desire to...
Getting hit while you are parking your motorcycle might not seem like a big deal at first. In New York, however, even a low-speed collision can result in significant costs, insurance headaches and legal complications. If this happens to you and you park your bike...
One of the most difficult challenges in estate planning is how to handle items with sentimental value, such as family heirlooms. While these objects may hold deep emotional significance for beneficiaries, they often don’t have high market value. As a result,...