Pregnancy can be an exciting time. Yet, if you’re pregnant, you may understandably feel a little scattered and overwhelmed due to hormone changes and changes related to how you live your daily life. As a result, one important task may be overlooked as your family...
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What’s the difference between a will and a pour-over will?
A “last-will-and-testament” is what most people think of when they hear the term “will.” It’s a legal document where you pick someone to manage your estate, spell out who gets your belongings and name a guardian for your minor children (if you have any). A regular...
What happens when people can’t cover their past-due income taxes?
There are many ways for individual taxpayers to fall behind on their tax obligations. Perhaps someone recently shifted to a self-employed profession and failed to set aside money to cover their tax obligations. Maybe they over-reported their deductions and credits to...
What should you include in your estate plan?
The thought of creating an estate plan can seem overwhelming. Maybe that’s why the majority of U.S. adults don’t have one. While an estate plan takes some thought and consideration, breaking it down into its components can make the project more manageable. Why have an...
What should you do if you are left out of a will?
Finding out you've been left out of a loved one's will can feel like a punch to the gut. You might feel hurt, confused or even angry. But remember, you're not alone. Many people face this situation and wonder what steps to take next. This short blog post aims to help...
Estate planning after receiving a terminal diagnosis
After receiving a terminal diagnosis, it can be overwhelming to consider what lies ahead. However, it’s important to know that this reality can also serve as an opportunity to plan and protect your loved ones’ futures by ensuring that your estate is in order. Estate...
Converting empty office buildings into trendy condominiums
The residential real estate market in New York generally remains strong even when other markets may falter. After all, there is a limited amount of land available, and people want to be close to where there are career opportunities, transportation and entertainment....
Understanding the cost of probate in New York
Navigating probate in New York involves several expenses that can catch families off guard. Knowing the costs upfront can help beneficiaries and executors plan accordingly and avoid unnecessary surprises. Below is a breakdown of the typical costs associated with...
Why do people neglect estate planning?
Most people neglect their estate planning. The rate does increase as people get older, but studies still find that the majority of people do not have an estate plan right now. From the outside, you may be surprised to learn that so many people haven’t even written a...
Who will pay your final debts?
There’s a very good chance that your estate is going to include some final debts. You can plan for some of these debts in advance. For instance, people sometimes attempt to pay off business loans or home mortgages as they get older, intent on clearing those debts...