Running a business in Manhattan demands your full attention. It is easy to stay focused on clients, employees, and cash flow while quietly assuming you will “deal with succession someday.” The problem is that life does not always wait for the right moment. Illness, disputes, or sudden opportunities can force change before you have a […]
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Why Would I Use a Living Trust Instead of a Will?
Many if not most people equate estate planning to the creation of a simple will. This is certainly one way to proceed, and if your situation is very simple and straightforward, you may be able to get by with a will for asset transfers. However, for most families, this is an incomplete solution. Once you […]
Estate Planning Answers: Is a Simple Will All I Need?
When you begin thinking about estate planning, the first document that often comes to mind is a will. A simple will outlines who should receive your property after your death. It can also name guardians for minor children. Because it seems straightforward, you may wonder if a simple will is all you need. The answer […]
How Do You Plan Your Estate?
Estate planning calls for deliberate choices about property, decision-making authority, and long-term goals. An attorney will guide you through those steps and confirms that every document meets New York’s legal requirements. Let’s take a look at the process to provide some clarity. Define Your Priorities Before you draft anything, start by identifying the outcomes you […]
Inheritance Planning for a Loved One With a Disability
Inheritance planning is not a “one-size-fits-all” endeavor. Different people on your inheritance list are just that, different, and the circumstances can dictate the best way to proceed with regard to each individual. With this in mind, if you have a loved one with a disability, you have to tread lightly when you are creating your […]
What’s a Rabbi Trust?
Estate planning can introduce you to legal and financial terms you’ve never heard before. One of the more unusual ones is the “Rabbi Trust.” Despite the name, it isn’t a religious instrument; it’s a specialized financial structure originally designed for deferred compensation. Understanding what it is provides a glimpse into how many different tools exist […]
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