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When people get married, they usually combine their finances. They begin living together and may use one checking account for all major household expenses. It is common for one spouse to manage most of the financial matters for the family. Allowing one individual to...
Many people have causes that they want to support. While they can do that while they’re alive, some are fortunate enough to be able to continue to support those charities after they die. There are several ways that a person can make this happen. It is critical to...
After you’ve made your estate plan, you may be wondering if you should talk to anyone about your decisions. While some people talk about their estate plans, many people keep their personal matters private. That doesn’t necessarily mean it’s a bad thing to talk to...
Funding a trust often involves giving up control of certain resources. An individual may move their home and other personal possessions into a trust to protect those resources from creditor claims and provide support for loved ones or charitable causes. The change in...
There are many rules that limit the ownership rights of those who have invested in real property in New York. For example, some properties have an easement attached to their titles that will prevent owners from keeping certain other parties off of their real estate....
Parents often want to give their children every opportunity in life, so they often want to leave their children a decent inheritance. Many adult children count on receiving an inheritance eventually to help them pay off student loans or fully fund their retirement...
Having an estate plan in place can bring peace of mind, knowing that your assets will be distributed according to your wishes after your passing. However, you may make mistakes that can jeopardize your legacy, even with the best intentions, and it can cause...
One of the most important things you can do after working hard your entire life is figuring out what will happen to your estate when you die. If you die without a will in place, New York intestacy laws would dictate how your assets are distributed. But what if you...
In today’s fast-paced world, where legal matters are becoming increasingly complex, it’s essential to have a solid understanding of intestate laws. These laws govern what happens to a person’s assets and property when they pass away without a valid will. In New York,...
The estate planning documents someone creates while still alive determine exactly what happens with their property when they die. Every adult who has acquired resources and taken on responsibilities to others, such as their children, has the legal right to decide for...