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As you are keenly aware, there is no more worldly location nor important hub of travel and commerce than the State of New York. Not everyone who conducts significant business or forms lasting relationships in the Empire State remains here. By definition, New York is a...
The potential of having to pay estate taxes may hang over your estate plans in New York. Yet should they? While most assume that everyone must pay estate taxes, that is not the case. Both the state of New York and the federal government offer opportunities to limit...
Planning for end-of-life care and emergency medical procedures can be difficult. After all, when a person is healthy, serious illnesses and injuries can seem like abstract concepts. Still, creating a living will is one of the more effective ways to maintain control...
Having a comprehensive estate plan is crucial. Wills and other estate planning tools ensure your heirs receive your assets after you are gone. They can also help you minimize taxes when developed strategically. While it is crucial that you have an estate plan in...
Even if you do not currently have a last will and testament, it is likely that you are familiar with the purpose of the document. Many people, however, are less aware of living trusts and the role that they can play in a robust estate plan. Living trusts have a number...
You probably already know how crucial an estate plan is for your assets and family. Develop a solid and legally binding plan is equally important, as this will prevent family members from contesting it. According to Kiplinger, certain estate planning mistakes are...
You understand the importance of having a health care proxy make medical decisions for you if you become incapacitated, but do you know how to talk about the matter with candidates? You do not want your chosen proxy to learn of your decision after you become medically...
If you own foreign assets, have family abroad, live outside the US or have any reason to believe that your estate will span national borders, planning your estate can be intimidating. Since most New Yorkers use a will as an estate planning tool, understanding how...
If you moved overseas to pursue a lucrative job opportunity, there are a number of legal issues that are often more difficult to work through while you are abroad. For example, if you need to revise your estate plan or set up an estate plan and you are not in the...
New York attracts property owners from around the globe. Whether the property includes real estate, art or other assets, if you are the executor of an estate held by a foreign national residing in the United States, the estate must pass through probate. We ensure our...