Parents and grandparents may love all their progeny equally (or not), but they are also uniquely familiar with their weaknesses and liabilities. The truth is that not every potential heir is equipped to deal with receiving a large inheritance at certain points in...
Including local charities in your estate plans is a wonderful way to create a lasting legacy and support the community you love. For many, the most straightforward option seems to be naming a charity in their Will. But does this common method provide the best possible...
When people in New York want to support a charity, most think of donating cash. But giving stock that grew in value can be a smart way to support a cause while also lowering your taxes. Why giving stock can lower taxes Here's the main benefit: If you own stock that is...
Have you ever asked your parents if they have written a will? It is something that many adult children wonder about, but it can be a sensitive subject. You do not want your parents to think that you are just sitting around waiting for them to pass away so that you can...
Have you been injured due to someone else’s negligence? Maybe you were hurt in a car accident that they caused, or maybe you suffered in a slip-and-fall accident on their property. Either way, you want to seek financial compensation because your injuries would not...
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....