Stating your wishes on how to be taken care of when you become incapacitated or how to distribute your estate when you die makes estate planning an essential process for everyone. But the party you name as your executor plays an integral role in attaining this. You...
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Estate Planning
How can you pass assets to charities of your choice?
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...
Is it typical to talk to the people included in your estate plan?
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...
Avoid these estate planning errors
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...
2 reasons you may want to talk to your heirs about your will
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...
3 critical elements of New York’s Intestate laws to know
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,...
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...