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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...
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...
It seems like more and more families are paying for loved ones’ funerals by starting GoFundMe campaigns. Even a modest service can run into thousands of dollars. Not everyone can just put that on a credit card and wait until the deceased person’s estate is settled to...
You should ideally pull a copy of your estate plan out of the drawer annually. The New Year is an excellent occasion to do this, as it is an easy date to remember. Yet some life events are important enough to require a revision no matter the time of year. Here are two...
A DNR, or a “do not resuscitate” order, tells medical professionals not to give someone treatment designed to restart their heart or get them breathing again, should either of those processes stop. The person simply wants attempted life-saving care before this point,...
When you die, any assets you own will be distributed to your beneficiaries per your wishes through the New York probate process. Unfortunately, probate is complicated, lengthy and expensive. However, it may be possible to circumvent the entire probate process. To...
One part of estate planning is setting up a guardianship. This is a legal agreement that gives one person the ability to make decisions for someone else. That person is said to be the guardian of the other individual, who needs assistance with those decisions. The...
As you begin to think about your estate plan, you’re pleased that you’ll be able to leave your children – and by extension your grandchildren – a considerable amount of money that can help ensure they’ll never have financial worries. However, you’ve heard enough...
Creating an estate plan is a good first step in protecting your loved ones after you pass away. However, it may create a few issues if you haven’t reviewed your estate plan in several years. If you don’t review and update your estate plan, it can leave gaps that your...
If you ask the average person if they have an estate plan, odds are that they don’t. You may be surprised by this, but studies have consistently found that the majority of Americans don’t have an estate plan. However, taking this approach – putting off estate planning...