As parents, we all want to ensure that our children are well cared for and protected, both now and in the future. One way to provide this security is by using a trust. While a trust may seem like a complex and intimidating legal concept, it can be a powerful tool for...
Once you have a child, you’ve got a bundle of joy—and a lifelong commitment to caring for the child, sometimes even after they reach adulthood. What would happen if something happened to you and your partner? To be sure your child or children are taken care of, you’ll...
Planning and preparing for the unexpected is a crucial aspect often overlooked. A revocable trust is a critical component of a comprehensive estate plan, and its significance extends beyond just asset distribution on death. While a will is an essential estate...
Losing a life insurance beneficiary can be a difficult situation to navigate. This blog will explore what happens when your beneficiary passes away before you and how it can affect your life insurance policy. Losing a loved one is never easy, and it can be even more...
If you haven’t dealt with losing a loved one, the days and weeks after a death can be overwhelming. Pain and grief are paired with important tasks that must be done, or unnecessary stress will result, explains a recent article, “11 Financial Steps to Follow After the...
When crafting an estate plan, naming primary beneficiaries is critical in ensuring your assets are distributed according to your wishes. However, what happens if your primary beneficiaries predecease you or cannot inherit for some reason? This is where contingent...
Planning for death-related events isn't as fun as planning a weekend getaway. Therefore, you'd be forgiven for procrastinating. However, that doesn't mean you can put off naming an executor forever, says a recent article from AARP, "7 Things to Know About Appointing...
Why You Want to Avoid Intestacy When planning for the future, leaving things to chance is rarely wise. This holds especially true for your assets and estate distribution after you're gone. Intestacy, or dying without a valid will, can lead to unintended consequences...
Estate planning is crucial for managing and distributing your assets after death. But which plan is best for you: a will-based or a will-and-revocable trust-based estate plan? In New York state, you typically have two options: a will-only plan or a will and revocable...
As individuals, we work hard to accumulate wealth and create a secure future for ourselves and our loved ones. However, passing on that wealth to the next generation is a complex and often challenging task. To ensure the successful transfer of assets and the...
The King of Rock and Roll, Elvis Presley, is an icon who conquered the music industry with his talent and charisma. He still has a loyal fan base who remember the "King of Rock and Roll" with the same passion and interest as they did in his lifetime. However, it's not...
Legal documents about health care, end-of-life treatments, and allowing others to access medical records are vital to protecting adults at any age. However, a recent article from The News-Enterprise says they are essential for seniors, “All seniors need legal...
