Estate Planning

Real estate often represents one of the most valuable assets a person can own. An effective estate plan helps protect these investments from legal disputes, high taxes and unexpected claims.  Without a solid plan, real estate may face complications that could reduce...

During estate planning, many people focus on passing down assets but forget to include long-term care needs. In New York, nursing home or home care costs can be high, so it is important to prepare. Adding specific instructions to your will and other estate documents...

Creating an estate plan ensures your assets are distributed according to your wishes after you pass away. Deciding between a will and a trust depends on your specific goals and circumstances. Understanding the differences between these tools can help you make an...

New York residents may not realize how the state's estate tax could affect their legacy. Unlike most states, New York imposes its own estate tax, which can significantly reduce inheritances. This tax burden matters especially for homeowners in New York, where property...

Blended families face unique challenges when it comes to estate planning. These families often include children from previous relationships and new partners, making it important to create a plan that ensures fairness and clarity. Proper estate planning helps protect...

Gifting assets to family members is a thoughtful way to share your wealth. At the same time, it's vital that you understand the tax implications. Both federal and state tax laws can affect your gift, and you may find it helpful to review these considerations. Federal...

Many consider their animals as part of their family. Consequently, ensuring their pets are well-cared for after their passing is a significant concern to them.  Thankfully, if you are someone who loves your pets unconditionally, you can include provisions in your will...

Probate can be a lengthy and expensive process, often causing stress and delays for loved ones left behind. Fortunately, there are steps you can take to avoid probate and ensure a smooth transfer of your estate to your beneficiaries. Plan ahead with a will In 2023,...

When you are planning your estate, it is important to make sure your decisions are free from any doubts of undue influence. Undue influence occurs when someone exerts pressure on you, affecting your ability to make independent decisions about your estate. There are...

Estate planning is an important part of managing your finances, but it is often surrounded by misconceptions. It is necessary to dispel these myths so that you can secure your financial future and ensure a seamless transfer of assets to your heirs. Despite what many...