Monthly Archives: January 2020
The Legal Responsibilities of an Agent Under a Durable Power of Attorney
A power of attorney is an estate planning document that authorizes someone else (known as an agent) to act on your behalf. For example, a power of attorney may authorize your agent to sell your house or open a bank account in your name. In New York, it is common practice to have a… Read More »
Do I Need to Worry About the Estate Tax?
Unless you own a substantial amount of assets–we are talking in the seven or eight figures–it is unlikely you will ever need to seriously worry about estate or inheritance taxes. It is still a good idea to understand what these taxes are and how they may affect you as a New York resident. Additionally,… Read More »