Estate planning is a crucial endeavor that allows you to secure your financial future, protect your assets, and ensure the smooth transfer of wealth to your loved ones. While the specifics of each individual’s estate plan may vary, there is a basic template that provides a solid foundation for most estate planning needs. In this […]
Estate Planning
Advanced Estate Planning: These Trusts Can Provide a Solution
When you are planning your estate, you may have some specific objectives and concerns that are somewhat outside of the norm. Unfortunately, there are many tools in the estate planning toolkit, and there are different trust that can be utilized to accomplish various objectives. With this in mind, we will look at two of them: […]
Testamentary Trust vs. Living Trust: What’s the Difference?
As a layperson, there is no reason why you would understand the various tools that are in the estate planning toolkit. Many people are surprised to hear that there are multiple different types of trusts that satisfy various respective aims. In this post, we are going to look at two of the most commonly used […]
Is There Any Way Around Probate?
If you use a will to record your final wishes, you would name an executor to act as the estate administrator. Under the laws of the state of New York, the executor would not be able to complete the tasks independently without supervision. The will would be admitted to probate, and the Surrogate’s Court would […]
Three Estate Planning Steps for Small Business Owners
Small business owners have a few retirement and estate planning concerns that do not apply to people that are employees. In this post, we will provide general information about planning for folks that work for themselves. Asset Protection You have to be concerned about asset protection in the present, and you want to preserve your […]
3 Key Estate Planning Tips
A lot of people that know they should put estate plans in place procrastinate because they don’t know where to begin. This is understandable to some extent, and with this in mind, we are going to share 3 key estate planning tips that should help you get started. Taxation is probably not going to be […]
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