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Today, many Americans are understandably concerned with the legacy they will leave their loved ones when they pass away. For people with businesses or for those who have accumulated a lot of wealth, the estate
A trust creates a vehicle that will hold certain assets. A trustee will then manage those assets on behalf of the beneficiary or beneficiaries of the trust. In estate planning, trusts are often used to
Many of the consequences of dying without a Will are emotional. Family members can tear each other apart arguing over who deserves what, and who should get what. You will need the help of a
If you ask an experienced New York estate planning lawyer, they will tell you that incapacity is governed by New York’s mental hygiene laws. There are two ways that someone may be declared incapacitated. The
As elder law practitioners, we are aware that nothing is less pleasant than contemplating a day when you may be too disabled to make decisions for yourself. Yet putting together a formal plan now, while
Many people put off estate planning and drafting their wills. In a survey conducted in 2020, researchers found out the most common reasons why people postpone drafting their wills. In most cases, people are simply
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