Sometimes you can learn lessons from the estate planning mistakes that have been made by other people. As estate planning attorneys, we speak to a lot of surviving family members that tell us stories, but laypeople do not have the same sources of insight. However, when a high profile person passes away, the press will […]
Estate Planning
Alzheimer’s Threat Is Very Real
Everyone has heard of Alzheimer’s disease, and we are all aware of the fact that it causes dementia. This being stated, a lot of people do not know just how widespread this disease is, and you should understand the facts so you can prepare accordingly. Unfortunately, the Alzheimer’s threat is very real and below we […]
A Basic Estate Planning Template: Protecting Your Legacy & Family
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 […]
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 […]
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