If your aging parents lack the ability to effectively manage their finances, they may be at a much higher risk of falling victim to fraud. You can contribute to their protection when you remain actively involved in helping them monitor their finances. You can also protect your parents when you educate them about what fraud looks like. If fraud does…
When you got divorced, your life changed in many different ways. Because of these changes, your estate plan may not reflect your current wishes. According to Gallup, only 46% of Americans have a will, but if you fall into this group, you should take time to revise your estate plan following divorce. You should plan on doing this shortly after…
When you die without a will in New York, the responsibility of distributing your assets falls on the state. Having a will helps ensure that you maintain control over what happens to your assets after you die. While a will is an integral part of your estate plan, there are other elements you may also find worthwhile to include in…
Divorced parents may have agreed to a custody arrangement that no longer serves the relevant children well. When this is the case in the state of New York, a parent may seek a modification of the child custody agreement. In order to petition the court for a change to an existing deal, the alteration needs to be in the child’s…
As a parent going through divorce, you still want what is best for your child. Of course, the divorce process itself will often create great amounts of stress and disharmony in your child’s life. You can potentially counterbalance that by providing stability in their home environment, though. Bird nesting is one potential way to do this. But what is bird…
When you entrust your loved one to a care facility, it feels like one of the hardest decisions. Even the highest level of care does not always feel like a good substitute for your own, but at the same time, many working people simply do not have the means, time or ability to care for a loved one properly. This…
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 still have to take time to…
After spending years together, many marriages seem cemented. Spouses have likely seen each other at their best and worst, and they have worked through large and small issues. More and more couples in their 50s and 60s, however, have started making the difficult decision to get divorced. According to CNN.com, since 1990, the divorce rate among people aged 50-years and…
Most parents want to spend as much of their time with their children as possible. The same is true for divorcing couples. You may feel shocked to learn that what you believe makes you the best parent for your children to live with could differ from what a court decides. Prepare yourself and documentation Each parent shares relevant documentation with…
One of the hardest parts of deciding to divorce your spouse is the uncertainty of how your choice will impact your children. Inevitably, your children will experience adjustments as they learn to cope with a changing family dynamic. You may worry about how your children’s behavior will change. While you can never know for sure what will happen, your commitment…
Getting an injury is not only painful, but it can also make you spend a lot of money on treatment and lose wages if the injury prevents you from working. However, if you got an injury or contracted a disease on the job, you do not have to suffer these losses. As a worker of New York, your employer has…
Embarking on a second or subsequent marriage is often filled with anticipation and financial concerns. Investment portfolios, property, debt and children from previous relationships can all affect the way you view your life moving forward. Signing a prenuptial agreement in New York may be a responsible way to begin your next marriage. There are many issues you can address with…
