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...
It’s often questioned what will happen to a person's estate after they pass away. While many believe an estate will be given to the closest heir, sold or donated, there are many options people have to decide themselves – otherwise, it may be up to the state to decide...
Divorce comes with serious implications not only for you but also for your finances and your loved ones’ future. If you created an estate plan while married, it is in your best interest to review and update it as soon as your divorce is final. Here are important...
People are often put off by estate planning. Talking about your own death can be daunting, and to some, it seems morbid. As such, it is estimated that well over 50% of the population has no will in place. Some choose to get around this hesitation by creating a will on...
At some point in everyone’s lives, we realize that our estate will be left to the wolves after we pass — unless we first establish a will or trust. With today’s medical endeavors that grant us a taste of immortality, allowing people to live into advanced age, you...