A pour-over will is a valuable estate planning tool that serves to complement other planning instruments, such as trusts, ensuring comprehensive management and distribution of assets according to your wishes. Understanding how a pour-over will works in New York can provide clarity on its benefits and its role within your estate plan. This blog delves into the advantages of a pour-over will, offering insights to help you make informed decisions ... [Read More]

Managing a family business in New York involves not only building a successful enterprise but also planning for its continuity and succession across generations. Effective estate planning is essential to ensure the smooth transition of ownership and management while preserving the legacy and value of your business. This blog explores key estate planning strategies tailored for New York entrepreneurs who own and manage family businesses, offering practical tips to safeguard ... [Read More]

Estate planning is a crucial aspect of financial security and ensuring that your wishes are honored, especially for LGBTQ+ couples in New York. Understanding the unique legal considerations and options available can help you protect your assets and provide for your loved ones. This blog explores essential estate planning strategies tailored to the needs of same-sex couples, empowering you to navigate the process effectively. Recognizing Legal Rights and Challenges Marriage ... [Read More]

Navigating New York's intestacy laws is crucial if you pass away without a will, also known as dying intestate. In such cases, the state determines how your assets are distributed, which may not align with your preferences. This blog provides essential insights into New York's intestacy laws, guiding you through the process and implications of dying without a will. Intestacy Basics in New York When a person dies without a ... [Read More]

Creating an estate plan is a crucial step towards securing your legacy and ensuring your wishes are honored. However, many individuals overlook the importance of regularly updating their estate plan to reflect changes in their life circumstances, laws, and financial situation. This blog explores why it's essential to periodically review and update your estate plan in New York, providing you with valuable insights to maintain its effectiveness over time. Why ... [Read More]

A Special Needs Trust (SNT) is a critical tool for families in New York who have a loved one with a disability. This trust allows you to provide for the future care of a disabled person without jeopardizing their eligibility for government benefits such as Medicaid and Supplemental Security Income (SSI). Here’s a detailed guide on how to create a Special Needs Trust in New York to ensure your loved ... [Read More]

Protecting your assets from creditors is a critical aspect of financial planning, especially in New York where laws and regulations can impact how creditors pursue repayment. Implementing effective strategies can help shield your assets and preserve your financial security. This guide explores practical methods to safeguard your assets from creditors in New York, providing you with essential knowledge to protect what matters most. Understanding Creditor Protection Laws in New York ... [Read More]

Navigating child custody laws in New York is crucial for parents facing separation or divorce. Understanding the legal framework governing child custody helps ensure the best interests of the child are prioritized while addressing parental rights and responsibilities. This comprehensive guide provides essential information on New York's child custody laws, empowering parents with knowledge to make informed decisions during challenging times. Types of Child Custody in New York Legal Custody: ... [Read More]

Remarrying later in life can significantly impact your estate planning strategies in New York. It introduces complexities that require careful consideration to ensure your assets are distributed according to your wishes and your loved ones are provided for. Understanding how remarriage affects estate planning can help you navigate these challenges effectively and protect your legacy. Here’s what you need to know. Potential Challenges of Remarriage in Estate Planning Beneficiary Designations: ... [Read More]

Including out-of-state property in your New York estate plan requires careful consideration and strategic planning to ensure a smooth transition of assets to your heirs. Whether you own real estate, investments, or other assets outside of New York, understanding how to incorporate them into your estate plan is essential for protecting your legacy and minimizing complications during probate. This guide outlines key considerations and steps to effectively handle out-of-state property ... [Read More]