Estate planning is a way to maximize how much you leave for the people and charitable causes that you care about when you die. By planning ahead, you keep control over what happens to your property and can potentially minimize how much of your money and property goes...
Year: 2022
If you move out, do you lose your right to the family home?
There's a lot of misinformation floating around out there about divorce proceedings, and people sometimes base their divorce strategy on inaccurate legal information. For example, some people will tell you that if you move out of the family home before the divorce,...
3 ways to reduce fights during the administration of your estate
Many families come apart at the seams during estate administration. Siblings may turn against each other, and children may fight bitterly with stepparents over the assets in the estate. When someone with significant property dies, everyone in the family may want more...
What happens when your ex cancels their parenting time?
When you split up with the other parent of your children, New York law typically requires that you share custody or parenting time. Maybe the two of you created your own arrangements, or perhaps you have a custody order after bitter divorce litigation. In either case,...
How can the money in a special needs trust be used?
When you have a disabled loved one, providing for their future needs can be difficult. You want to leave your assets behind to help them live a happier, more fulfilled life. However, you also don’t want to interfere with their access to certain need-based benefits,...
Is an uncontested divorce right for you?
When a marriage ends, there are two main routes a couple can take -- either a contested or an uncontested divorce. What’s the difference? Well, a contested divorce is what most people think of when they picture a couple battling it out in court over everything from...
Can you keep your inheritance in a New York divorce?
If you are planning to file for divorce, you may wonder if it will jeopardize your family inheritance. New York follows the equitable distribution model when dividing marital property. In general, this means that separate property, such as an inheritance from a family...
Who will handle your money if you’re incapacitated?
Your estate plan lets your loved ones know what you want to happen to your assets when you pass away. There are also various aspects of your plan that can take care of matters while you are still living. When you create your estate plan, you should establish power of...
Consider funding a spendthrift trust for your heirs
If you are weighing your estate planning options, a spendthrift trust can be very useful during your lifetime and beyond. While not everyone will need this type of trust, spendthrift trusts have many advantages. Don’t let the name deter you from exploring this...
Is cryptocurrency a hidden asset in your divorce?
Cryptocurrency is no longer the coin of the realm for just the 1%ers in our society. Figures from 2021 indicate that there are over 20 million people in the United States who have invested in cryptocurrency. With the rise in digital currency purchases, it is...