At some point, estate planning becomes essential for most adults. The process differs among individuals depending upon such factors as having children, owning a business and wanting to pass on a legacy. Many of the steps, though, remain true for most people looking to...
Caring for your child with special needs may extend throughout your adulthood. When parenting a child with special needs, there is a high probability he or she may outlive you. If you are your child's caregiver, you have to make decisions on behalf of your kid's...
A succession plan gives you leverage to control the leadership strategy of your company. An estate plan allows you to clarify the distribution and use of your hard-earned assets. Both resources can provide critical support as you plan for your future. Coordinating...
When a person dies, his or her last will and testament helps survivors to determine what to do with the deceased person’s belongings. In some cases, survivors may not agree with what was written in the deceased person's will. New York and other states provide...
Putting an estate plan together often involves careful attention to detail. Even slight mistakes could cause problems for beneficiaries if the documents lack clarity. Some issues could even render a will or health care proxy invalid under New York law. It helps anyone...
If you had been living in New York at the time of your death, your estate will likely be bound by its probate laws. Generally speaking, the state will consider a will to be valid if it is signed and dated by the testator. Furthermore, it must be signed by two...
When people in New York, Florida and Germany, among other locations, are preparing an estate plan, they may want to think about how an inheritance will affect their adult children. Talking openly to their children ahead of time about the plan may be the best method...
Families with multinational assets and residencies in areas like New York, Florida and Germany have a unique problem when it comes to protecting wealth in the event of a close family passing. Families with significant wealth have an even higher concern if they own in...
Most new doctors, whether they live in New York City, Orlando, Florida or Munich, Germany don't think about estate planning when they first begin their practice. Young physicians are often concerned with establishing a growing list of patients and paying off school...
Many people in the United States, even if they do not have a will, trusts or other estate planning documents, have filled out beneficiary designations. These are used to identify the beneficiaries for 401(k)s and retirement accounts. People who purchase a life...
