Estate Planning Is More Important Than Ever in These Uncertain Times

Truth be told, none of us knows what the future holds. The outcome of US tax legislation proposals remains highly uncertain. It is unclear whether estate and gift tax exemptions will be cut in half, but whatever happens will affect all deaths and transfer of wealth after December 31, 2021. As part of your asset […]

Unwanted Timeshare Interest: How to Handle It

After Mom and Dad purchased a timeshare in a holiday resort, the resort agent suggested they go into a deed transferring ownership to their children, so that when they pass, the kids can continue to enjoy the home. It seemed like a good idea at the time.    Sadly, after mom and dad passed away, […]

Planning For the Future of Seniors and Their Loved Ones

According to the 2021 Wills and Estate Planning Study of 2,400 Americans by Caring.com with YouGov, the percentage of Americans aged fifty-five and older who have created a will has decreased from sixty percent to forty-four percent since 2019. As surprising as this decrease is the fact that younger adults are now 63 percent more […]

You’re Never Too Young to Start Your New York Estate Plan

It is fairly typical for young adults, even those with professional careers aged thirty or more, to believe they are too young to concern themselves with estate planning. Young adults in their twenties and thirties often think they don’t own enough to constitute an estate. However, an estate is the total of all you own […]

Estate Planning with Your Parents

Estate planning is one of the most challenging topics to discuss with our parents. Just bringing the topic up can be daunting. Despite the challenging nature of this subject, it is one of the most important conversations we can have with our parents. Having an estate plan in place can reduce confusion and anxiety at […]

In The Absence of a Will, Who Settles an Estate?

According to caring.com, overall percentages of older Americans without a will remain the same despite the COVID-19 pandemic. On the other hand, younger adults with a will show an increase of sixty-three percent comparative to pre-pandemic times. This 18 – 34 year old demographic is now sixteen percent more likely to have a will than […]

Five Common Mistakes to Avoid When Establishing an Estate Plan

You spend the first half of your adult life trying to achieve financial security and the second half of your life trying to maintain it. This adage is why many people spend substantial time and effort, maximizing their legacy goals in their estate plan, ensuring their wishes come to pass. Your life’s work and ability […]

Estate Planning Mistakes People Make Five Ways

The first half of your adult life is spent getting financial security, the second half trying to maintain it. Accordingly, many people spend substantial time and effort in their estate planning maximizing their legacy goals, ensuring their wishes are met. Providing your family through your life’s work is a gratifying feeling for you and your […]

A Creditor’s and a Probate’s Role

The use of legal techniques to avoid probate allows you to save taxes, keep your estate away from public scrutiny, and avoid having to obtain court approval each step of the way. You can save time, frustration, and in many cases, attorney and court fees. An executor, also known as your personal representative, is responsible […]

Your Estate Plan and Generational Wealth Transfer

Protecting your inheritable legacy so that it is passed on to future generations requires careful planning. In the world today, there are always differences of opinion among generations regarding how to live and act. As a result of climate change, pollution, over-harvesting nature’s resources, and wealth accumulation, to name a few, Millennials and Generation Xers […]