Estate Planning During a Pandemic: What Should be Done?
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 ...
Types of Charitable Planning and Their Tax Benefits
Charitable planning is gaining popularity not just for those with philanthropic desires, but also for those looking to take advantage of certain tax benefits that charitable planning may provide. The ...
Why Life Insurance Is So Valuable, And How It Can Improve Your Estate Plan
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 ...
Guardianships
A guardianship may not only be a useful tool in many situations, but for some it may be the only option. A guardianship is an arrangement where the court appoints ...
Lifetime Spousal Trusts: To Have and To Hold Your Marital Assets
Frequently, married couples have the desire to bequeath all of their assets to each other upon their passing. However, there may be reasons for spouses to instead transfer assets to ...
Disqualifying an Estranged Spouse
First comes love, then comes marriage, then comes a legal inability to disinherit your spouse? It’s true – New York state law prohibits an individual from completely disinheriting their spouse ...
Your Estate Plan Deserves Some R-E-S-P-E-C-T
What do Aretha Franklin and Prince have in common? Not only are they both high ranking members of the royal family of music, they both passed away without a Will. ...
Estate Administration: When There’s a Will (or Not) There’s a Way
When a loved one passes away, it is often a concern that the assets they own at the time of their death are now in a state of limbo. For ...
Using Pet Trusts to Plan for Man’s Best Friend
When considering your Estate Plan, you are making decisions regarding how you would like for your property to be disposed of after your passing. Of course, this includes items such ...
What Happens to my Digital Assets When I Die?
According to the New York State Estates, Powers & Trusts Law (“EPTL”) Article 13-A, a digital asset is “an electronic record in which an individual has a right or interest.” ...