Helping aging parents in New York get organized with estate planning can feel overwhelming. Beyond just discussing it, there’s the important task of gathering pertinent documents, understanding their wishes and making sure everything is in order. If you’re looking for...
Estate Planning
Two things immigrants without citizenship need to know to protect their assets
Immigrants enter the United States for various reasons and often balance hard work and perseverance to secure financial stability. They might start by working long hours, gradually saving enough to invest in education or a small business. With each paycheck, they...
What percentage of adults haven’t started estate planning?
Procrastination is part of human nature. People choose to delay activities and responsibilities that require a lot of time or energy. They avoid obligations that seem expensive or uncomfortable. For many people, estate planning is synonymous with thinking about death,...
When is the right time to draft durable powers of attorney?
There are different times in life when people have to think about estate planning. People often draft documents when they become legal adults, add children to their families or achieve professional success. People may draft wills or fund trusts in response to changing...
Corporate Transparency Act (CTA) and Beneficial Ownership Information (BOI) Reporting Requirements, Deadlines, and Penalties for Violations Explained
UPDATE - January 24, 2025: BOI Reporting Update… the injunction is still in place. As of January 23, 2025, a BOI injunction remains in place. While the Supreme Court granted a stay of the injunction (meaning reporting deadlines are suspended) in the Texas Top Cop Shop...
Navigating the intricacies of the New York estate tax
New York state has some unique and complex laws that people with estates valued in the millions of dollars need to understand so that they can navigate them successfully. New York is one of the minority of states that has its own estate tax. This is levied separately...
How do trusts work in estate planning?
Estate planning is a consequential undertaking for all legally independent adults. Making sure you have everything in order can give you peace of mind and provide your loved ones with the information they’ll need to distribute your assets when you pass away. Your will...
A huge myth about how trusts work
In our private property system, having your name on something is a mark of pride and accomplishment. Owning your own home and car are part of the classic American dream. These assets also make up part of the legacy you will pass on to your spouse or children in your...
2 estate planning mistakes that undermine a will’s validity
Estate planning is often a complicated process that requires an individual to review their finances and think deeply about their closest relationships. For many testators, a will is the only document that they create. It is the primary instrument that serves to...
4 estate planning mistakes to avoid
Planning for your future and that of your loved ones is crucial. Estate planning documents can help you state your wishes should you die or become incapacitated. However, to enjoy the benefits of estate planning, you need to make the right moves. The following are...