A New York family who has lost a loved one understands the importance of having clear documents by which they can understand the wishes of the deceased and settle his or her estate appropriately. This process is significantly more difficult when a person does not have...
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Remember to include foreign assets when estate planning
Many New York residents may have purchased various assets outside of the country, or they may have a different country of origin and left some assets behind while building a new life in the United States. No matter the case, it is important that individuals remember...
Finding love again may mean updating estate planning decisions
Building a life with another person is not always an easy task. In fact, it may take some individuals more than one try to find the person they want to spend the rest of their lives with. When New York residents do marry for the second or subsequent time, it is...
Estate planning mistakes could render wills invalid
Most people create a will in efforts to get their affairs in order and possibly to protect certain assets. However, if the proper estate planning steps are not taken to create the document, it is possible that it could be considered invalid. As a result, serious legal...
Addressing health care, assets only 2 benefits of estate planning
Getting started on an estate plan is often something that New York residents think about but do not necessarily act on. Individuals tend to have many reasons for not yet planning, but in reality, it can prove immensely detrimental to delay estate planning for too...
Estate planning can address whether to go through probate
There are many legal aspects associated with closing an estate. Many New York residents likely know that probate is the process that finalizes a deceased person's affairs, but a number of individuals also think the process is one that should be avoided at all costs....
When estate planning, consider the various helping roles
When getting final affairs in order, New York residents will need to appoint various people to different roles. Whether these individuals will carry out duties before a person's death or after, it is important that parties considering their appointments understand the...
Not all assets go through the probate process
After a loved one's death, it is common for surviving family to have concerns over what will happen to the decedent's assets. Hopefully, the person will have created an estate plan that gives at least some guidance on property distribution and other important...
Estate planning can go beyond addressing assets
When undertaking any type of endeavor, it is important to have the right information. This factor is especially important for New York residents looking to get their end-of-life affairs in order. A lack of proper knowledge when it comes to estate planning could leave...
How to tell if your loved ones will fight over your estate
Most people who create their estate plans do so with the thought that siblings or other loved ones will come together and share in the gifts and assets that were left behind. Such optimism is noble, but it does not always work out this way. While siblings and...
