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May 2017 Archives

Uneven inheritances may throw a family off balance

Raising a family in New York can be exciting and unpredictable. With the wide range of cultures and experiences, your children may constantly surprise you by the choices they make and directions they take in life. At holidays and family gatherings, you may look around the table at a very eclectic group of people.

German real estate family makes initial purchase in Brooklyn

Much has been said over the past few years with commercial real estate investment by investors from China. However, as multifamily properties continue to increase in value, a purchase by a German real estate company is creating headlines.

How to protect digital assets with proper estate planning

If you created your estate plan before 2005, chances are that it did not have any provisions dealing with the handling or distribution of digital assets. Don’t worry, if this describes the current state of your plan, you are not alone. Most estate plans created before then did not deal with these assets, since they are a relatively new aspect of estate planning. However, a large majority of people have now have email accounts, digital copies of important documents (such as deeds and contracts) as well as pictures and videos stored on a hard drive or in a cloud storage mechanism. 

Options for handling inherited homes

Inheriting property from a loved one may bring about a range of emotions. On one hand, you may be saddened by a reminder of what he or she left behind. On the other hand, it could be an opportunity to keep a part of your family’s history relevant for another generation.

Can you prevent an inherited IRA from being lost in bankruptcy?

People in the midst of creating an estate plan understand that the ultimate goal is to provide for others (especially vulnerable adults and children) when they are no longer able to do so. But part of the difficulty of estate planning is that the future cannot be predicted.

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