No matter where you are in life, it is important to have a grasp of the basics of estate planning and administration. Common misunderstandings on how things work can hold you back and put your legacy in danger. Missteps could also cost you money or deny your heirs the...
As you make your estate plan, you may have received conflicting advice about whether or not to write a will. Wills have fallen out of favor to a certain extent because they have to go through probate. Nevertheless, a will can perform important functions in your estate...
Administering the estate of a loved one in New York included addressing assets and debt. However, this is only the first step in a process that may take months to years for completion, depending on the size and complexity of the holdings. Kiplinger reports that...
If you live in America but have family abroad, one of the things you may be considering is having one of your family members become your power of attorney. Whether you need a financial power of attorney or health care power of attorney, it’s a good idea to sit down...
Most estates will have to go through probate in New York, but if you have a small estate, the process may look a little different. According to the New York State Bar Association, if you have a small estate, it will go through a voluntary administration instead of...
Whether you are in the early stages of setting up an estate plan, a beneficiary in your loved one's estate plan or in charge of an estate, it is vital to go over various legal issues related to the probate process. Sometimes, people avoid probate altogether by...
You probably already know how important estate planning is to protecting your assets. It is equally important to understand what the facts are when it comes to will creation and other steps. There are quite a few myths surrounding the estate planning process, and...
Thinking about a day when you won’t have the capacity to make decisions for yourself is difficult, but it’s something you should do. As an adult, it’s important that you have an incapacity plan in place that addresses what you want to have happen if you cannot take...
You might have moved to New York recently to begin a new life with a new job or to start a family with a local resident. If so, now is a good time to think about the will, the power of attorney document or the health directive that you have brought with you. You may...
A health care proxy is one of the most crucial documents you can have in your estate plan. It's one document that just about any adult, regardless of their age, is wise to have.It details your wishes for your medical care – particularly things like under what...
