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Naming an executor is often part of drafting a will. If you have a person in mind, you can fill the role with little to no trouble. Still, there is no assurance that they can perform as an executor properly. Typically, an executor's responsibilities require immense...
Student loan debt has been in the news for years. And, for New Yorkers, we have some of the highest student loan debt burden in the country at nearly $40,000 per borrower, on average. When you are planning your estate, you likely wonder what will happen if you die...
Estate plans, like life, aren’t exactly static. Even after you create your will, you may need to update it regularly to make sure that it reflects your current situation and wishes. Here is when to update your will: Changes in assets If you sell an asset listed in...
Your will’s executor performs a vital function, so you need to choose whom you are appointing for this role carefully. Should you find a reason to change your executor later, you can do so in several ways. Why might you change your executor? After you pass away, the...
It is common in the country for unmarried couples to cohabitate. In 2016, there were around 18 million cohabiting unmarried couples in the United States. As more couples adopt this living arrangement, it raises the issue of whether a partner can be your estate's...
Estate planning is complex when dealing with family members living outside the United States. An individual cannot leave their financial affairs until the last minute, as the tax codes and estate planning laws vary across the globe. Ignoring key planning...
An estate plan involves many different parts, such as advanced medical directives, establishing power of attorney, creating a will and more. Due to the many moving parts, it is easy to accidentally overlook certain aspects of an estate plan. What sort of oversights...
As most people age, they have a greater need for more involved care. Of course, the exact level of care needed differs from person to person. However, many will eventually want to look into options for long-term care facilities. What indicates a good care facility?...
When you begin estate planning, you may not consider the risk of a family member contesting your will and sending your entire family through a lengthy and contentious probate process. It is important to recognize this possibility and understand the most common reasons...
When it comes to estate planning, there are lots of important decisions you must make to protect your assets. You must also choose an executor for your will, who will be the person responsible for carrying out all essential duties. Selecting an executor is a huge...