The more complete your estate plan, the simpler it will make things for those grieving your loss after your pass. Setting out your own funeral wishes is one area many people overlook. There are a few ways to accomplish planning for after your death. One way is to...
Preserving & Protecting Your Family’s Assets & Legacy
Estate Planning
Health Care Proxy: Who Should Be Your Agent?
When creating an estate plan, one of the most important documents to include is a Health Care Proxy. A Health Care Proxy allows a principal to appoint an agent to make health care decision for the principal, but only when principal cannot make his or her own...
When is a gift tax owed?
It is not uncommon for the topic of gifting to come up during a routine estate planning consultation. A grantor can accomplish different things by gifting assets. Whatever the goal, once a client expresses interest in gifting, the question inevitably becomes: How much...
Estate planning with a terminal illness in New York
If you just found out that you’re living with a terminal illness, you may begin to focus on how you can protect yourself, your assets and your family. You want to be sure that you are protected and that someone you trust can make financial and medical decisions for...
Estate plans are not set in stone
You should never delay implementing an estate plan simply because you may need to change it down the road. As long as you have the requisite mental capacity, you can always amend your estate plan as your life progresses. When you are young, you may only need a Power...
Do you still need an estate plan if you’re young?
While the definition of “estate plan” varies widely and the meaning of “young” is extremely relative, the answer to the question is a resounding YES! If you are over the age of 18, you need to engage in some form of estate planning. Proactively planning for...
Recognizing undue influence in estate planning
Estate planning is an important and necessary endeavor for everyone, especially for your family members who are vulnerable due to cognitive deficit, physical frailty, or isolation. Those vulnerabilities may lead to manipulation of the individual by someone not...
What should a good estate plan contain?
Creating an estate plan is a crucial element in caring for your family. In order to situate your loved ones on a successful path, it is important to understand what documents you should have in place. Although each estate plan is unique to the client’s particular...
How can you address estate planning with your parents?
Do your parents’ have an estate plan? Most people do not want to think about something happening to their parents, but it is something you need to think about and plan for, particularly with aging parents. According to Money Crashers, only 42% of Americans have a Last...
Oral claim for one-third of an estate hits snag in court
The passing of a loved one is not an easy transition and many experience financial troubles on top of the grief. While family members are the usual people dealing with this stressful period, close friends and companions are just as susceptible. In the event that these...
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