Category: Estate Planning

New York has introduced legislation that establishes a regulated framework for medical aid in dying (“MAID”) through Senate Bill S138. The bill reflects a growing national conversation around end-of-life autonomy and defines when and how a terminally ill individual may choose to end their life under medical supervision. Under the bill, an adult diagnosed with...

When clients complete their estate planning documents, there is often a shared sense of accomplishment. The revocable or irrevocable trust has been signed, along with the Last Will and Testament and accompanying documents. From the client’s perspective, the plan is finished, but in reality, it may only be half done. One of the most common...

Creating a strong, effective estate plan starts with one essential ingredient: your information. Whether you're just getting started or updating an existing plan, the details and documents we request play a critical role in shaping an estate plan that reflects your unique goals, values, and circumstances. The estate planning process is highly personalized. To build...

For many business owners, the idea of cashing in on many, many years of hard work in starting, growing and maintaining a successful business is quite an exciting proposition. When the time comes for you to consider selling your business, one of the last things on your mind may be your business’s preparedness for that...

The Setting Every Community Up for Retirement Enhancement Act of 2019, better known as the “SECURE” Act, was enacted in 2019 and made significant changes to retirement plans and IRAs. As an extension of this Act, on December 29, 2022, “SECURE 2.0” was passed, again making substantial changes to retirement plans and IRAs. These changes...

A letter to our clients and friends: It is hard to believe it has been over a year since we were all speculating whether the lockdown could last a full month. Although no one anticipated just how long the shutdown would last, businesses were forced to adapt in order to remain sustainable. Law firms especially...

The process of going through a divorce or legal separation from one’s spouse can be time-consuming, expensive, and above all, emotionally draining. Because of this, many individuals enduring such a separation often overlook many important aspects of their lives that their (now former) spouse was heavily involved. One of those aspects is the individual’s estate...

Updated March 11, 2021 Cryptocurrency, now synonymous with virtual currency, has been in the news as of late due to increased retail investor interest, volatility, and overall mainstream visibility. In addition, public figures, such as Elon Musk, have made significant investments in cryptocurrencies through their business holdings which has created even more interest in cryptocurrency...

Many, if not all, of us are practicing social distancing as we attempt to navigate through this pandemic. For most, that means working from home, and putting a majority of important tasks on the back burner. Considering one’s estate plan is likely one of those tasks, since attorneys’ offices are currently closed. However, what many...

Life insurance is a valuable asset, as it provides an insured’s loved ones with cash in order to cope with the adverse financial consequences of the insured’s death. There are a number of benefits to owning a life insurance policy, some of which may vary depending on an individual’s financial and personal situation. A significant...