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...
Family members are eager to receive the proceed of their loved one's estate after they pass. Unfortunately, probate adds some time to the process and slows the time when the estate will be distributed. Beneficiaries need to factor in both the probate process and the...
Property owners, especially those that hold assets internationally, could benefit from having a trust. Parents or grandparents might also want to create a trust to ensure that assets are transferred to their children or grandchildren in a timely and responsible...
Some people who do not have an estate plan may have failed to create one because they think only wealthy people need estate plans. They might also assume that the process is complicated and expensive. While the idea of preparing an estate plan can feel overwhelming,...
Estate planning can be an important process for people in New York who want to protect their assets and provide for their loved ones in the future. While many people may put off making estate planning decisions, crafting these documents earlier on can provide peace of...
When people in New York and elsewhere are creating an estate plan, they might wonder whether they need a trust if they have a will. Some people assume that a trust will not be useful for them because they are not very wealthy. However, this is not the case. Some...
Floridians and New Yorkers can benefit from having an estate plan no matter how much money they make or the value of their assets. However, many people make common mistakes when it comes to their estate plan and should review what they have in place to make sure that...
The deaths of Kobe Bryant, his daughter, and the other people who were with him on the helicopter when it crashed shocked people in New York and around the world. Whenever there is a tragic loss of life, people should think about planning their estates. When people...
