Estate Planning - Page 3

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 care of yourself any longer. Incapacity planning ...

As a new parent, you will have plenty to worry about, from what kind of baby carrier you use to addressing sleeplessness due to a colicky baby. Theoretical problems that could occur in the future likely don’t seem nearly as important as your immediate needs during the adjustment period after the birth of a child. ...

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 ...

Estate plans change over time. Young, single individuals generally need a basic plan to explain how assets will be distributed while older, married couples may have more complex plans including a will, trusts, healthcare directives and powers of attorney. Regardless of a person’s stage in life, it is important to have an estate plan. One ...

  Understanding how to create a proper estate plan can be a complicated process, especially when it comes to crafting durable POA. A confident attorney may be able to help this process go smoothly. Crafting an effective estate plan requires the proper management of many different matters, which is why an attorney should be used ...

Estate planning is not just for the old or wealthy. Everyone can benefit from taking the time to provide their loved ones with some direction about what should happen if they die or become incapacitated. Many young people put off estate planning, either because they don’t think they need it or because they figure they ...

Growing old is a privilege, but it does come with its challenges. Aches and pains are normal as we age and some people also expect that financial concerns will also appear after they retire or following an illness or injury. This is not always the case, however, even for those with limited resources. It is ...

  New Yorkers who get remarried for the second, third or subsequent time should make estate planning a priority. After the loss of a spouse to death or the end of a marriage to divorce, New Yorkers who find happiness again with a new partner have much to look forward to. However, when before entering ...

  Know what specific qualities to look for when deciding on the healthcare proxy listed during your New York estate planning. As you are planning your estate in the state of New York, you have to get an idea of the full picture, meaning that you have to think about who will make decisions for ...

As the U.S. population ages, more and more adult children are experiencing the role-reversal of being caregivers to their elderly parents. And, along with that responsibility often comes the financial burden of ensuring that their parents’ needs are met. In fact, in the last 15 years the number of people helping their parents financially has ...