Having a child changes everything in your life and brings new responsibilities to care not only for their everyday needs but their long-term physical and financial well-being. Parents make plans for their child’s education and upbringing, but one of the most important steps is creating an estate plan to care for their children if they are not around. Estate planning…
Should you suffer a catastrophic accident or are nearing the end of your life, wouldn’t you want to be in a certain setting (at home or in a hospital,) be surrounded by those you love most (family and friends,) and have your other health-related wishes realized? If you up in situation where you can’t speak or express those wishes, they’ll…
Several estate planning tools can help individuals plan for the unpredictable and the unexpected. Not many people want to think about when their loved ones near the end of their lives or when they become incapacitated. However, it is critical to address these possibilities. In many cases, New York families can consider establishing legal guardianships of loved ones who can…
When you plan your estate, you will create a plan for where your assets go. If you have a lot of assets, your plan should have ways to avoid paying the federal estate tax. One way you can avoid this tax is to give your assets to your spouse. Spouses are exempt from the federal estate tax. But if your…
New York is home to some of the tallest and most opulent buildings in the world. Whether workers are building, repairing or cleaning them, there is a chance that they could fall or suffer from other workplace accidents. The Occupational Safety and Health Administration puts guidelines in place to prevent this from happening, but when employers neglect to enforce best…
It is impossible to know what the future holds, so it can be prudent to select others as alternate decision-makers. Naming someone as your health care proxy can help ensure you receive the type of medical care you want in case you become unable to express your wishes for yourself. However, the person you select as your health care proxy…
You may not already know this, but New York has a plan for when you die. If you don’t write and register your own will, the state will divide your assets for you. It just might not do a very good job of dividing them fairly, and it might miss one or more of your intended heirs. New Yorkers who…
These days, people are living longer than ever. While this is a positive trend, it also means that people are paying more for long-term care. Most people don’t like to think about getting older. But dealing with this eventuality head on can help you receive the care you need while preserving your assets for the future. One way that you…
New York is well known for some of the world’s most famous architectural modern marvels. From the Empire State building to the Statue of Liberty, construction has been a big part of this state’s history. In 2018, NYC experienced a construction boom, as new projects were on the rise in the Big Apple. Unfortunately, the NY Post reports that this…
Alzheimer’s disease may spread it’s roots slowly, while other threats to the mind, like a tumor, can act fast. If you have a parent or a loved one who is at risk for a health concern that affects the brain, estate planning should be your number one priority. Navigating an estate planning process can be very difficult when the testator…
There are a lot of details to account for in an estate plan. So, it’s no wonder that sometimes things are forgotten. Here are some of the more common things people unintentionally leave off of their will. Furry friends Sometimes pets outlive their owners. But, if that pet isn’t accounted for in a will, it can be difficult for…
In New York, the sun burns hot, reflecting off pavements and buildings with few trees to absorb it. Those who work in these conditions outside know they can’t rely on shady coverage to bring them comfort. Without the proper precautions, outdoor construction or labor workers may quickly face these dangers injuries. Sunburn A sunburn shows immediate symptoms: painful, itchy, red…
