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.
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.
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.
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.
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.
If you have aging parents whose mental faculties are fading, or you have special needs children who need additional measures of guidance after turning 18, you may be wondering how you may help them avoid catastrophic financial issues that can ruin their lives.
Small business owners in Manhattan already face an excessive number of hurdles between themselves and building and maintaining successful businesses. A proposed tax cut is aimed at relieving some of the pressure those small business owners face.