You want to leave something meaningful behind. But when a loved one struggles with addiction, a standard inheritance can do more harm than good. In these situations, an incentive trust can be a powerful tool. It gives you a way to provide support while encouraging long-term recovery. You don’t have to choose between compassion and […]
Estate Planning
Everything You Need to Know About the New York Estate Tax
If you live in New York and your estate may exceed the state’s exemption amount, your estate plan needs to account for the state-level estate tax. Even if you won’t owe federal estate tax, your estate could still owe New York estate tax. This is a separate system, and it has rules that differ in […]
Estate Planning for Blended Families: Food for Thought
Families come in many shapes and sizes, and estate planning should reflect that. If you’ve remarried or share children from prior relationships, you may already know that blended families can present unique legal and emotional dynamics. When it comes to estate planning, these dynamics often lead to difficult decisions and competing interests. In New York, […]
Can a Dog Be a Trust Beneficiary?
For many New Yorkers, pets are more than companions—they’re family. You want to know that your dog will be cared for if something happens to you. But can you actually name your dog as a trust beneficiary? The short answer is more nuanced than it seems. Under New York law, your dog cannot directly inherit […]
New Season, New Resolve: Plan Your Estate This Summer
As the days grow longer and schedules begin to shift, you might find yourself with a little extra breathing room. Maybe it’s a slower season at work, or the kids are out of school. Either way, summer can offer something that’s often in short supply during the rest of the year: a chance to think […]
Advanced Estate Planning: How Do You Account for Digital Assets?
You probably have more digital assets than you realize. From the photos on your phone to the online banking credentials you use every day, your life is tied to digital platforms in ways that often go overlooked during estate planning. When you’re thinking about what you’ll leave behind, your focus might go straight to real […]
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