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When you first set up your estate plan, it can take a lot of time and effort. When you finish the initial set-up, you likely feel relieved that the bulk of the work has come to an end. But an estate plan is not a "set and forget" project. Over the years, you will...
How old are you? Are you young enough to decide to make an estate plan or old enough to make updates or changes? No matter your age, there are certain items you should have in your estate plan to cover any eventuality. Here are three documents to add to your estate...
A New York estate plan does not have to be complex to be effective. However, you may find it helpful to create one that contains more than just a basic will. While a will is an undeniably important component of your estate plan, you may be able to accomplish certain...
If you are like many New Yorkers, your pet is a member of the family. While you probably know exactly how to keep your companion animal happy and healthy, others may not be familiar with your pet's needs. This is probably particularly true if your dog, cat, bird or...
After creating an estate plan, you also need to maintain it throughout the years of your life. After all, an outdated estate plan is only slightly better than no estate plan at all. However, reviews often seem daunting due to the sheer size or complexity of your...
An estate plan can protect your assets from fraud and allow you to plan for your future with confidence. It can provide your surviving family members with comfort, as well as guidance regarding your final wishes after your death. Keeping your estate plan updated...
There are many facets to estate planning. Some important ones include naming the people who will get your assets as well as guardians for your minor children or adult special needs children. You deserve applause for getting started. However, estate planning takes...
When choosing an executor for your estate, you should understand what the position entails. There are certain qualities that would help the chosen individual complete all of the tasks required. When asking someone to take on the role, make sure he or she also...
Having an estate plan means that you are prepared. With a will or trust in place, you made the crucial decision as to what becomes of your estate after you die or are incapacitated. However, you must remember that an estate plan should get regular attention. It is...
Most people understand that protecting assets and deciding how to distribute wealth is an important part of estate planning. However, fewer people think about healthcare issues when planning for the future. An advance healthcare directive is another important aspect...
