Like so many families we meet, you may be wondering whether to create a will or a trust-based estate plan. At our New York law firm, we sit down with families just like yours to walk through this important choice. Most families - about 7 out of 10 - end up choosing...
Navigating Marital Trusts: Securing Your Spouse's Financial Future Embarking on a journey of blending families brings its own set of joys and challenges. In this blog post, we unravel the complexities of estate planning for blended families and explore why the Marital...
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...
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...
Roughly one in five US adults experience a mental illness each year. Anxiety disorders are among the most common mental health conditions, affecting nearly one-third of adults at some point in their lives. While anxiety can be generalized and chronic, it can also be a...
Spring is associated with renewal, and as the weather gets warmer, many homeowners turn their attention to renovation projects. Each May, the home remodeling industry and the National Association of Home Builders (NAHB) celebrate National Home Remodeling Month. 2023...
We often hear that certain politicians or lottery winners have a blind trust. But what is a blind trust, how do they work, and who typically needs one? In a typical trust, the trust maker (the grantor or settlor) establishes a trust and names a trustee (or...
Estate planning is a necessary process that everyone should go through to ensure that their assets are protected and their family is taken care of after their passing. One of the most popular estate planning tools is a revocable trust, also known as a living trust....
When someone passes away, the task of managing and distributing their assets falls to the executor of their estate. An estate executor is responsible for carrying out the deceased person's wishes as outlined in their will, including identifying and appraising assets,...
When it comes to estate planning, the process can feel overwhelming, but it’s one of the most important steps you can take to protect your family and hard-earned assets. Whether you’re just starting out or updating your plans, having a comprehensive estate plan in...
The news that you will be receiving an inheritance is often bittersweet because it means that somebody close to you has passed away. But you might also have mixed emotions about your legacy for reasons related to the existing accounts or property you are inheriting....
What is a healthcare proxy, and what does it do? When creating an estate plan, one of the most important documents to include is a health care proxy (advance directive). A healthcare proxy is a legal document that gives another person the authority to make medical...
