Category Archives: Estate Planning
Which Type Of New York Trust Is Best For My Estate?
There are many different potential estate planning documents that a person can use to put their affairs in order. One of the most commonly used is the trust, which is a legal entity designed to hold assets ‘in trust’ for a future beneficiary or beneficiaries. However, what the average person may not know is… Read More »
Incorporating Digital Assets Into Your New York Estate Plan
While no one likes to contemplate the fact, it is the truth that our digital footprints will likely be around long after we have gone. Digital assets have become a bigger and bigger part of many estates, and it is important to plan appropriately for how digital assets may be handled after a person’s… Read More »
Should I Include Long-Term Care Insurance In My New York Estate Plan?
Estate planning is a process that can take years to get 100 percent correct. People’s lives grow and change, with new opportunities and relationships supplanting or replacing the old. However, one thing that will remain constant for the majority of people is the necessity for proper medical care as they age. In order to… Read More »
When Should I Update My New York Will?
A common misconception people in Westchester County have about making a will is that it is a static event, done once, never to be taken out again during one’s lifetime. In reality, a will can be updated whenever the testator (the person whose assets are being disposed of in the will) desires; in some… Read More »
LGBTQ+ Estate Planning In New York
The U.S. Supreme Court legalized same-sex marriage in 2015, in its decision in Obergefell v. Hodges. However, court decisions can be reversed or overruled; if this happens, many LGBTQ+ spouses may find themselves locked out of several legal processes predicated on marriage. Estate planning is a major legal field in which blood relatives are… Read More »
Choosing Your New York Healthcare Proxy Agent
When the average person thinks about their eventual passing, they prefer to think of it happening at home, surrounded by loving family. Thankfully, this will be the case for many Mahopac residents, but it is all too common for someone to pass on while in a hospital or other medical facility after acute distress… Read More »
Do I Need A New York Power of Attorney?
No one wants to think about getting older, but it is one of the few things that cannot be avoided. As it happens, it is important to ensure that your finances and your well-being are both properly protected. Executing a New York power of attorney (POA) can be a good solution in many respects… Read More »
Common Reasons to Update Your New York Will
A will is a critical legal document that ensures a person’s wishes regarding how their assets are distributed after they pass away are honored. However, a common mistake people make is drafting a will and then storing it away, never to think about it again. This can be problematic. In New York, like in… Read More »
What Happens if You Die Without a Will in New York?
The purpose of writing a last will and testament is primarily to control who gets your assets after you pass away. Who should inherit your house? Who should inherit your money? Who do you not want to get anything? But what happens if you die “intestate” – that is without a will? Some people… Read More »
Guardianship vs Power of Attorney: Understanding the Difference
In New York, guardianship and power of attorney (POA) are tools used to manage a person’s affairs when they cannot do so themselves. Both tools allow other people to make crucial decisions on behalf of other people. However, while these two tools may serve the same purpose (ensuring someone can make decisions on behalf… Read More »