It can be difficult to drag yourself away from life’s busy moments to start estate planning. But planning for your family’s future is crucial, especially when you’re a parent of young children. While many people think that estate planning is reserved for older couples or individuals, drafting a will as soon as possible can help bring your family financial security…
Many people do not know for certain how they would react if they are faced with a serious event. Unfortunately, in many cases, individuals involved in work-related accidents do not even have time to react or try to protect themselves because the incidents occur so suddenly. In particular, construction workers are at risk of serious injuries from such events. It…
Most people do not anticipate suffering serious injuries. Unfortunately, severe harm can come seemingly out of nowhere, especially when a sudden accident takes place. It is not unusual for injury-causing incidents to occur for individuals who work with dangerous equipment while on the job. When this happens, individuals often need financial assistance from workers’ compensation. New York readers may be…
It’s a common misconception that after someone makes a will, they no longer need to put any further thought into it. The truth is, there are many reasons a will may need updating after its initial creation. If there is a tragic accident and your will comes into play, you want to make sure it reflects your most accurate wishes.…
The job market in America is in recovery. Even so, there are many New Yorkers unable to find full-time employment or who are between jobs. When this happens, they may consider temporary work to make a living while they wait for something better to come along. A lot of these workers end up in blue-collar work environments with heavy machinery,…
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…
For many New York residents, one of the most complicated aspects of planning for the future relates to health care. Part of your estate planning may include creating a health care advance directive and/or a living will to state your preferences for medical treatment. Another essential part of planning ahead includes figuring out how to cover health care expenses. One…
As an employee in New York, you may qualify for workers’ compensation if you sustain an injury on the job. In general, workers’ compensation benefits allow you to continue receiving income while you recover from an injury you got at work. Many claims involve physical injuries, but there are numerous mental health issues that could affect your ability to work.…
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…
New Yorkers who work in and around urban centers likely face some of the highest burnout rates in the country. The Empire State is known for its cut-throat business environment, high-pressure deals and a fast-paced life at work and play. While employers should take some personal responsibility for holding unreasonable — or at least, unhealthy — expectations of workers, it…
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…
