Many people consider taking the DIY route with estate planning to save on legal fees or gain more control over the process. However, this approach often leads to mistakes that can cost you and your loved ones later. Let’s dive into the most common pitfalls in DIY estate planning and why working with a professional might be a better option.…
Many turn to estate planning to help build a more secure and vibrant future for their next of kin. In the spirit of generosity, many also wonder how their assets can go to benefit the charitable causes that invigorate them. One notable way is to simply bequeath whatever funds or assets you want to the charity, and while some may…
Whether you have few assets or a sizable estate, one step you could take that would benefit your loved ones in the long run is executing a comprehensive estate plan that will provide for their needs and make your wishes unequivocally clear. However, there are some pitfalls to avoid when estate planning. Pitfall 1: Failing to name the proper beneficiaries…
You may have just celebrated a big birthday. Perhaps, you turned 70 and are planning a summer cruise to celebrate. You’re grateful for your good health. Yet, you know you aren’t getting any younger. And your spouse has diabetes and needed open-heart surgery last year. When should you start planning for when you’ll need long-term care? Planning ahead First, you…
Although many people are working from home now due to the Coronavirus, there are still plenty of New Yorkers who need to travel to and from work every day. Most employees are covered for injuries that occur at work and in the scope of employment. But what about injuries that occur during the daily commute? Unfortunately, these injuries are not…
It can be stressful to place a loved one in a long-term facility or nursing home. And no family wants to discover that the facility in charge of your loved one’s care is trying to scam them of their stimulus check. In the wake of COVID-19, the government has issued stimulus checks, which is part of the CARES Act designed…
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. Citizens enjoy several employment rights under these laws. Understanding these rights will help New York workers secure…
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 of crisis can give you the time necessary to make reasonable decisions for…
