Estate Law And Asset Protection

A will is one of the most important documents to include in your estate plan. In its most basic form, a will dictates how to divide your assets after you die. Without a will, the American Bar Association states that who receives your property after your die could be...

New York residents can protect their estate using a variety of financial tools. Although having a will can reduce probate costs and ensure the distribution of your property, it may not meet all your needs. We often help clients establish trusts as part of a...

Debt does not easily go away when you die. In fact, part of the probate process will involve settling your debts. This could spell trouble for your heirs if they expect to inherit significant assets from you, and you failed to protect those assets. According to CNBC,...

Because of the general importance of an estate plan and a will to an estate plan, it is essential that a will is valid and that the estate planner is familiar with the requirements for a will to be valid. As such, estate planners should ensure they are familiar with...

Knowing when to update an estate plan is important to avoid estate planning errors and problems. Updating an estate plan as life changes is as important as ensuring the estate planner has all the components that an effective estate plan should have in place. As a...

Setting up a trust can be an important part of an effective estate plan. There are different types of trusts for estate planners to be familiar with which can help based on their unique situation and circumstances. One type of trust is a special needs trust for estate...

Sometimes, people in New York and other states see that assets that were acquired and maintained through years of hard work end up in state coffers after the death of the owner of those assets. Oftentimes, that happens due to inadequate estate planning. As many people...

An estate plan is not something that people should look at once and then tuck away for safe-keeping, only to be used after they pass away. An individual's estate plan should change just as their family does. It reflects their wishes and instructions for their family,...

A death in the family can be a terrible experience and it oftentimes takes a long time for the family to cope with the loss of the loved one. In addition to being a major emotional challenge, the death can also mean taking charge and making important decisions...