Being a custodial parent, or the primary caregiver, is more common than many people realize. Many parents find themselves in this position due to various reasons, such as divorce, separation or the loss of a partner. Custodial parents need to know that they are not...
Year: 2023
When can parents modify a New York custody order?
The terms outlined in a New York custody order have a profound impact on the family subject to the order. A custody order likely includes a specific breakdown of parenting time and decision-making responsibility for the adults. The terms of the custody order influence...
Considerations in divorces with multiple real estate properties
Multiple real estate properties can add layers of complexity to an already nuanced divorce. In the state of New York, couples facing such a situation need to carefully consider various factors. New York follows the principle of equitable distribution, which does not...
Legal compliance and best practices in rental property management
Establishing a successful landlord-tenant relationship hinges on key practices and legal compliance. Managing a rental property in New York within legal boundaries can be a complicated job. To avoid legal problems, landlords should set clear guidelines and understand...
What are some signs you need to update your will?
A will is a legal document that outlines how your assets and possessions will get distributed after you pass away. For most people, creating a will is the first step in the estate planning process. Life is ever-changing, and as a result, your will should reflect these...
Do you need a Letter of Intent in your estate plan?
Estate planning is the number one way to ensure your wishes are followed after you pass away. While most people have at least a passing familiarity with wills and trusts, another essential document often goes overlooked. A “Letter of Intent” can significantly impact...
What are the steps to funding a living trust?
Many estate planning tools can yield savings and other benefits based on the circumstances, such as living trusts. This trust type can take effect immediately, even while you are alive. Through this arrangement, you can put your assets and properties under a trust,...
3 challenges when dividing investments during divorce
Those with sizable resources and competitive incomes often decide to invest the money that they do not need to cover their daily living expenses. Some people invest in real property to either sell it later or rent it to others. Others purchase stock in publicly-traded...
Ensuring your chosen guardian doesn’t steal from your children
Choosing a guardian for your children is an important decision that ensures their well-being in the event of your passing. However, you need to consider the potential risks and take necessary precautions to prevent any possibility of the chosen guardian misusing or...
The importance of updating your estate plan during divorce
As a married couple, you and your spouse’s estate plans and financial affairs have likely become intertwined. When you file for divorce, those documents could potentially be overlooked in the confusion and emotional upheaval. After a divorce, be sure to review your...