Estate Planning

If you die with or without a will and your estate includes property outside New York, your loved ones must go through a separate probate proceeding in each state where the property is located. This is known as ancillary probate,…

Many individuals believe that once their estate planning documents are in place, they can set them aside and forget about them. However, it’s not the case. Your estate plans should change as your life circumstances change. Otherwise, you risk various…

If you’re creating an estate plan, you need to determine what options you should use to pass assets down to your beneficiaries. One of these is a trust, which is a legal tool that holds your assets until you pass…

If you have a minor child, it’s crucial to draft a guardianship designation when estate planning to plan their future. With this document, you can name a party that will raise your child when you are unable to. Below are…

You can use an estate plan to anticipate your passing and plan how your remaining assets are handled — but a lot of people don’t have them in place. If you’re starting to think about your own mortality and how you want…

If you are contemplating your estate plan, one useful vehicle for many New Yorkers is a spendthrift trust. While not every trust grantor will need this type of trust for their beneficiaries, they can be useful for preventing problems after…

A key part of estate planning for those with minor children is setting up a guardianship. Many young parents do this as soon as they have their first child. They don’t expect to pass away suddenly, but they want to…

Most people in the United States have not yet gotten around to making an estate plan. The majority of them will still tell you that estate planning is important and beneficial. But, despite this perspective, they don’t have a plan…

It may have been several years since you first made your estate plan. If that is true, then your estate plan is likely long due for a review. It is often recommended to revisit and, if necessary, update your estate…

Secured an estate plan? Fantastic! Many underestimate its power in safeguarding loved ones and assets. But even with a plan in place, it is crucial to revisit it periodically. Life throws curveballs, and your estate plan should remain flexible and…