Charitable giving is a meaningful way to leave a financial legacy and support causes that reflect your values. When thoughtfully incorporated into an estate plan, charitable contributions can also offer financial benefits, including tax advantages for your estate and...
Trusted attorneys for Estate Planning and Administration, Real Estate and Tax Matters.
Year: 2025
3 times to update your estate plan
It’s important not to neglect your estate plan after you’ve written it. It’s true that just having a will is better than not having one at all. But an outdated will doesn’t necessarily give your family the instructions and guidance that you want for them at this time....
How might divorce affect your estate plan?
You need to ensure your estate plan is up to date with changes in your life. One event that could require a major update to your estate plan is a divorce. Here are some of the measures that could require you to take: Update your assets Property division can be a...
How do I fund a living trust?
Many people choose to include a living trust in their estate plan to help keep their assets out of the often slow probate process, while still retaining the flexibility to access those assets should they need to. For a living trust to be effective, you need to ensure...
Advantages of an advance health care directive
You could focus your estate plan only on what happens when you pass away. But it will be far better if you also consider what happens if you become seriously ill or are involved in a nasty accident. If the accident or illness leaves you unable to communicate with...
What are spendthrift trusts?
A spendthrift trust does what it says on the tin. It is a trust to help people be careful with how they spend the money they inherit, but how does it do this and why might it be needed? The trust acts as a layer of protection. Putting money or other assets into a...
Are you thinking of disinheriting your child?
People have a range of reasons for wanting to disinherit a child. In some cases, it is because they want to encourage them to work hard to forge their own path. In others, it’s because they feel the child would use it to harm themselves, such as if they have a drug...
3 issues that may arise when redeveloping existing buildings
New York City has plenty of capital and clever people. What it lacks is open space for development. Those hoping to make their mark in the real estate world often need to employ creative approaches. They can't simply acquire vacant lots and hold them for decades...
Pregnant with no estate plan? It’s time to act
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...