No one wants to think about medical emergencies, but there are certain situations in which you may not be able to make your wishes known with regard to the medical care you receive. A living will is a powerful estate planning tool that allows you to outline your...
Preserving & Protecting Your Family’s Assets & Legacy
Estate Planning
Who will make your medical decisions if you can’t?
In an ideal world, you can make all of your own medical decisions as you age so that you get exactly the care that you want. Unfortunately, the world is often far less than ideal. You may not be able to make all of those decisions. Say, for instance, that you suffer a...
How can you transfer your business through your estate plan?
New York business owners like you want to ensure your business stays strong after you pass it on. Because of that, you should be putting time and effort into crafting a good succession plan. You can include this in your estate plan. It is the place to address matters...
Do major life changes affect your estate plan?
New York residents like you create an estate plan. Then what? You may think just creating the plan is enough. But in reality, you need to keep your plan updated constantly. It must reflect your life in the most accurate way at any stage in it. To do this, you need to...
What you should know about the probate process
Whether you have recently lost a close friend or loved one, or you are getting ready to organize an estate plan, it is critical to know about the New York probate process. The last will and testament can be an integral part of determining whether an estate must go...
Headed into retirement? Consider your estate plan
As one phase of your life is wrapping up and you prepare to enter another, you probably have a lot of questions. You may be looking for a new place to live or new hobbies as you exit the workforce, but this time of transition is also great for looking at your estate...
How do you know you’ve picked a good estate executor?
New York residents like you work hard to build your assets up. You want to make sure your loved ones get the care they need after you pass. To do that, you need an estate plan. One of the first and most crucial components of this plan is your estate executor. This...
Answers to your health care proxy questions
Naming a health care proxy is an important part of the end-of-life planning process. A health care proxy is a trusted friend or family member who receives your permission to make health care decisions on your behalf if you can no longer do so. These are the most...
When to review your estate plan
To many residents in New York, an estate plan is something that only old people need, or that only very wealthy people need. Both of these assumptions are quite incorrect. There are many facets to an estate plan that make it important for people of all ages and means...
Why New York’s 2020 Medicaid changes matter to your estate plan now
It can be tempting to think of an estate plan as something for the far-off future. A plan that you hope you won’t need for some time. However, it’s important to remember that the financial decisions you make every day affect the assets that will make up that estate...