When a person dies, all their possessions and assets go into their estate to await distribution. An individual must then manage and distribute these assets per the instructions of the will. This person is the executor. Being chosen as an executor means that the...
Month: April 2020
The basics of New York’s workers’ compensation laws
Like in most states, New York State requires most employers to carry workers’ comp insurance coverage for their employees. For employees injured on the job in the Empire State, this means they will likely receive compensation for any injuries incurred on the job....
5 common estate planning mistakes
You don’t need to be super-rich to benefit from a well-crafted estate plan. However, it’s crucial that it’s done correctly so you can take care of the people close to you. A basic estate plan consists of three main documents – a will, a health care proxy and a durable...
3 benefits of making a living trust
Life is full of unexpected circumstances, some of which may prove to be completely life-altering. There are many arguments for why creating an estate plan before you need one could be beneficial to you and your family. Drafting an estate plan when you’re not in a time...
Can I get workers’ compensation for PTSD?
New York State does compensate some workers for work-related mental health difficulties caused by stress on the job. Of course, the state's workers’ compensation does not cover every mental health issue, even if it arises from the job. The line between covered and not...