Trusts

Over the years, you work hard to build a life for your family. You saved money, bought a home and accumulated assets. Naturally, you want these things to go to the right people when you pass. This is where both wills and trusts can help you achieve this goal, but they work in different ways. ...

A move across state lines can reshape how your trust works. If you live in New York, you can avoid surprises by comparing your documents with the rules in your new state before you relocate. Why a move matters for your trust Your trust follows the law where you administer it. If you move, the ...

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 and trusts are the primary tools you have at your disposal ...

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 estate plan. You probably know ...

People put off estate planning for a lot of reasons. Often, they delay until they’re senior citizens or until things in their life are more “settled.” Unfortunately, we never know what the future is going to bring. That’s why it’s best to create an estate plan that works now and in the foreseeable future and ...

How do you make sure that your pet is taken care of after you pass? Making provisions in your estate plan is a good idea. This article looks at the options available to you when you need to plan for your pet’s future when you aren’t around. The law considers pets as the property of ...

You shouldn’t wait until your golden years to start planning for your retirement. But life has a way of interfering with the best of our plans sometimes. So it could be that you find yourself in your 50s or 60s and only having a single – but sizeable – IRA as your legacy to your ...

Your child doesn’t have to land a leading role in a Broadway show or a part in a movie to start making some serious money in the entertainment business. A local advertisement or a YouTube series could bring them more income than you’d ever imagine.  In addition to child labor laws, there are also laws ...

One of the reasons that people spend time and money on a well-crafted estate plan is to prevent their heirs from having to pay taxes on the assets they inherit. This can help preserve as much of the family wealth as possible. If you’re a U.S. citizen and your spouse is not, an important estate ...

Including a pet in the estate plan can be done through a pet provision or a pet trust. Understanding the difference can help people ensure the best lives for their pets when they aren’t around. As people set up their estate plans in New York, such as writing a last will and testament and any ...