For most of us planning for what happens to our possessions after we leave this earth is not a top priority. At least this would be the impression you might take away from the fact that 6 in 10 American adults have never taken the time to create a will...
Wills are important tools that can help you ensure that your wishes are honored when you pass away. There are several types of wills that can be used for different purposes. Many people understand that wills are used to transfer assets to beneficiaries...
If you have a taxable estate you can expect to pay one-sixth of its value in federal estate taxes. But what about in New York State? How are New York State inheritance taxes different? What is the New York estate tax rate?
If you live in New York and ...
Taxes are a part of life and if you live in New York and own a taxable estate youll need to know the New York estate tax rules. Taxes are also a part of death. And frustratingly if were not careful in life we can pass them on to our loved ones in death...
Your retirement years ideally should be spent free of concern about your financial health or potential threats against your assets. Elder abuse is a particularly difficult problem for seniors who have worked hard and created a relatively comfortable ne...
Planning for death or incapacitation is something everybody needs to do. The fact of the matter is that if you dont have a plan in place youll leave your loved ones with the task of trying to pick up the pieces. Unfortunately many people think that whe...
Estate planning is a critical process that involves making important decisions about the management and distribution of your assets after your passing. While some individuals may attempt to handle estate planning on their own navigating the complexitie...
As our population continues to age, it becomes increasingly important to recognize and respect the unique legal needs of our elders. In the bustling city of New York, where millions of seniors call home, navigating the complex realm of elder law can be...
In the basic sense of the term a will is a document that is made up by a person or several people to spell out how final affairs should be taken care once they have passed away. Each will must meet a set standard that is determined by the state in whic...
Everyone knows the importance of writing a will to protect their assets after they pass on. Fewer people actually do anything about it. A survey conducted by Caring.com in 2017 found that 60 of U.S. adults have no will or another form of estate plannin...
