Estate Planning

One estate planning method that is gaining popularity in New York is joint tenancy. It involves two or more individuals owning a property together with the right of survivorship. When one owner dies, the surviving tenant automatically becomes the sole owner of the...

Preparing for a new baby often means purchasing essential items like a crib, diapers, and baby clothes. You may even prepare to move to a New York residence with more space or make adjustments to your current home as your family grows. However, you may not have...

Estate planning can be a lengthy and complex process. A lawyer may help you to plan your estate after your death, but young people rarely consider how they will pay for nursing home care. Medicaid-certified nursing homes bear the brunt of the workload for long-term...

Medicaid proves that no program from the government is entirely free. Medicaid beneficiaries living in nursing homes may spend tens of thousands of dollars of the government's money over the years. After a beneficiary dies, the state takes the person's assets to repay...

Estate planning is an important process that involves making decisions about how your assets will be managed and distributed after your death. However, estate planning is not a one-time event. You should review and update your estate plan when the following events...

Sitting down to create a will is a responsible act for the good of your family. However, a will may not prove adequate to protect your family after death. Even with a directive, your will may stall out in probate, leaving your family with little money to stay the...

Estate planning in New York is recommended for every adult. Planning now is worth it because you'll protect your health, grow your wealth and preserve your money for heirs. What makes planning a challenge for some, however, are the vast options that exist. With trusts...

When a person passes away, they leave behind things that range from tangible assets, like cars and jewelry, to intangible assets, like bank accounts and stocks. The executor is the person who handles all of these assets after death and distributes them accordingly....

If you have accumulated wealth via investment, then it is important to think about how that wealth will play into your estate planning. It isn't the most pleasant topic, but planning out how to manage your tax burden and protect your estate from lawsuits is necessary...