You’re Never Too Young to Start Your New York Estate Plan

It is fairly typical for young adults, even those with professional careers aged thirty or more, to believe they are too young to concern themselves with estate planning. Young adults in their twenties and thirties often think they don’t own enough to constitute an estate. However, an estate is the total of all you own […]

What Is the Process of Administering an Estate in Court?

The probate process entails judicial officials, such as probate judges, processing the will of a decedent. State probate laws may vary, but the general process is similar across the country. Probate is the process of proving a decedent’s will. A probate judge will also oversee cases where the deceased person did not prepare a will, […]

In The Absence of a Will, Who Settles an Estate?

According to caring.com, overall percentages of older Americans without a will remain the same despite the COVID-19 pandemic. On the other hand, younger adults with a will show an increase of sixty-three percent comparative to pre-pandemic times. This 18 – 34 year old demographic is now sixteen percent more likely to have a will than […]

Five Common Mistakes to Avoid When Establishing an Estate Plan

You spend the first half of your adult life trying to achieve financial security and the second half of your life trying to maintain it. This adage is why many people spend substantial time and effort, maximizing their legacy goals in their estate plan, ensuring their wishes come to pass. Your life’s work and ability […]

Estate Planning Mistakes People Make Five Ways

The first half of your adult life is spent getting financial security, the second half trying to maintain it. Accordingly, many people spend substantial time and effort in their estate planning maximizing their legacy goals, ensuring their wishes are met. Providing your family through your life’s work is a gratifying feeling for you and your […]

Is Your New York Estate Plan Updated?

To make sure they’re still good, you should check your estate planning documents every so often, especially with big life changes like births, marriages, divorces, and moving to another state. Children grow up, marriages dissolve, property gets sold, residences change. That’s why we recommend that you consult us for an estate-plan check-up every five years […]

The Risk of Online Do-It-Yourself Estate Plans

do-it-yourself estate plan

We hear this question all the time: “Can’t I just grab a will off the internet, do a transfer-on-death deed for my land, put my kids on my bank account, and be done with my estate plan?” It’s just not a good idea. For the plan to work as you would want it to, it […]

The 5 Must-Haves for New York Estate Plan

estate plan

As we age, the need for estate planning becomes even more vital. Many people avoid estate planning, because they do not want to think about the end of life, failing health or disability. Others believe that an estate plan is only for rich people. However, an estate plan is helpful for the senior adult and […]

How Does the Probate Process Work?

The probate process involves authenticating the deceased individual’s will, assessing the assets, settling debts and taxes, and oversee the allocation of the inheritance. After an asset-holder dies, the court will appoint a valid will’s executor to administer the probate process. In the absence of a will, the court will appoint a state administrator to handle […]

A List of Bad Reasons to Put Off Estate Planning

My family and I don’t own much. Can’t we put off planning until we can afford it?   You shouldn’t. It is crucial to give legal authority to a person of your choice, to care for your children if anything should happen to you. You don’t want your children to become wards of the court, […]