Since the passing of the late great Aretha Franklin, there has been quite a bit of controversy surrounding her estate. Through this situation, a few important estate planning aspects are becoming conversation topics amongst various parties. Even for those with smaller...

Many people do not have a will. Therefore, you experienced a well-justified sense of accomplishment when you sat down with your attorney to create yours. However, that meeting may have taken place a couple of decades ago. Chances are, a lot has happened in your life...

There are a lot of commonly misunderstood aspects of estate planning. The spread of myths and misinformation can make it easy to talk yourself out of estate planning. You may assume you do not need to have a will or trust just because you are not at a certain income...

The vacation home can be an important piece of property for you and your family. If you want to give it to your heirs for future generations to make memories in, you should start thinking about how to include it in your estate plan. But this requires more than just...

If you have a significant estate in New York, you may have concerns about being subject to the estate tax. According to the New York State Department of Taxation and Finance, the current estate tax limit for 2019 is $5,740,000. If the value of your estate is below...

One purpose of New York estate plans is to minimize the likelihood and duration of estate disputes that may arise upon your death. Though you may leave behind detailed instructions that have considerations for all your loved ones’ potential concerns and needs, there...

The federal government estimates that 70% of American seniors will eventually require long-term health care services, and others will need nursing home care. If you become one of the millions of people in these circumstances, you will likely need Medicaid to cover...

The State of New York is the original trust decanting pioneer. The state enacted the first trust decanting statue in America in 1992. Wisely, the state recognized that an irrevocable trust — where the terms of the trust could not change — might benefit from some...

When you are going into a marriage, it is vital to separate fact from fiction brought on by myths created by pop culture and other people's bad experiences. One common myth is that happy couples never argue, and that is simply not the case. Every relationship has...

Creating an estate plan can be an intimidating process. You may not understand how estate planning works because of widespread misconceptions and myths. Without the right advice and knowledge, you can make mistakes that result in financial and legal issues. When you...