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There are many ways for individual taxpayers to fall behind on their tax obligations. Perhaps someone recently shifted to a self-employed profession and failed to set aside money to cover their tax obligations. Maybe they over-reported their deductions and credits to...
The thought of creating an estate plan can seem overwhelming. Maybe that’s why the majority of U.S. adults don’t have one. While an estate plan takes some thought and consideration, breaking it down into its components can make the project more manageable. Why have an...
Finding out you've been left out of a loved one's will can feel like a punch to the gut. You might feel hurt, confused or even angry. But remember, you're not alone. Many people face this situation and wonder what steps to take next. This short blog post aims to help...
After receiving a terminal diagnosis, it can be overwhelming to consider what lies ahead. However, it’s important to know that this reality can also serve as an opportunity to plan and protect your loved ones’ futures by ensuring that your estate is in order. Estate...
The residential real estate market in New York generally remains strong even when other markets may falter. After all, there is a limited amount of land available, and people want to be close to where there are career opportunities, transportation and entertainment....
Navigating probate in New York involves several expenses that can catch families off guard. Knowing the costs upfront can help beneficiaries and executors plan accordingly and avoid unnecessary surprises. Below is a breakdown of the typical costs associated with...
Most people neglect their estate planning. The rate does increase as people get older, but studies still find that the majority of people do not have an estate plan right now. From the outside, you may be surprised to learn that so many people haven’t even written a...
There’s a very good chance that your estate is going to include some final debts. You can plan for some of these debts in advance. For instance, people sometimes attempt to pay off business loans or home mortgages as they get older, intent on clearing those debts...
Before you challenge the validity of your loved one’s will, it’s important to understand the gravity of your decision and the potential implications. Contesting a will could affect your relationships with close kin, not to mention the likely financial and legal...
The executor or personal representative of an estate serves in a position of trust and authority. They have control over an individual's resources and ultimately determine the legacy they leave after their death. Most people who accept the responsibility of estate...