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,...
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Estate Planning
How do you change your child’s designated legal guardian?
Most parents who take the prudent step of drafting or updating their wills to designate a person to become the legal guardian of their child should both of them die or become unable to care for that child never have that unimaginable scenario occur. Many of the...
Why a springing power of attorney is important
It’s important to have someone else in place to make certain decisions for you, such as using a medical power of attorney to give your agent the ability to make your medical choices. You may also use a power of attorney to give that individual the ability to make...
Why are more parents jumping on the disinheritance bandwagon?
As a parent, you have critical decisions to make, sometimes even after your kids become adults. For example, you must decide how your estate should be distributed among your adult-aged children after you die. It sounds simple on paper, but true success depends on your...
Can you include your caregiver in your will without family drama?
Increasingly, Americans are choosing to “age in place,” even if it means living alone. In-home caregivers who visit every day and handle chores, help with personal care and provide companionship are often necessary to avoiding assisted living. These caregivers can...
Why invest time and energy in digital estate planning?
As the lives of most adults become increasingly digital, it is essential for adults to invest time in crafting a digital estate plan as part of their overall estate planning process. A digital estate plan helps to ensure that your digital assets and online presence...
3 common estate planning questions
Are you thinking about making an estate plan? If so, you likely have a lot of questions. It seems like an intimidating thing to a lot of people -- which is why it's so important to demystify the process. The following are a few commonly asked questions about estate...
What is a partial disinheritance?
When someone is disinherited, it means that they are being left out of the will. This often happens when a parent and a child are estranged, for example. That parent may have other heirs, but they will deliberately leave nothing to the child that they are no longer...
4 estate planning mistakes to avoid
Estate planning is crucial – it allows you to take care of your loved ones when you die and state your wishes should you become incapacitated. You should create a qualified estate plan for your wishes to be fulfilled. Some mistakes may limit the benefits your plan...
What happens to debts when you die?
People who are creating an estate plan usually think about things like who they want to have specific assets. They may not realize that they need to take steps to ensure this happens. One thing that everyone who’s dealing with estate planning needs to know is how...