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Discussing estate planning with your parents can be a sensitive and delicate topic. However, having this conversation is necessary to ensure that you know their wishes and that they properly manage their financial affairs. Here are some ideas about approaching and...
As someone who worked hard their entire life to accumulate their estate, you naturally want it distributed according to your wishes. You may want to ensure your loved ones are cared for if you ever become incapacitated. A person contesting your will can put your...
A will has a profound impact on the stability of someone's family and their legacy. Decades after someone dies, the inheritance they left for their beneficiaries may still have an effect on the people they loved most. Therefore, it is essential for those with loved...
Those thinking about their future and their property in New York often decide they want to create an estate plan or update their existing end-of-life documents. Estate planning gives someone control over what happens to their assets when they die and can allow them to...
When it comes to estate planning, many tools are available to help you protect your assets and ensure that they pass on to your beneficiaries. One of the most popular estate planning tools is a trust. Not only can a trust be used to simplify the estate planning...
While you most likely do not want to think about the day when you pass away, creating an estate plan will invariably give you peace of mind. You can also make it easier for your family by sitting down with them and talking about your last wishes. While it is always...
Trusts are an essential estate planning tool that can provide countless benefits. Before creating and implementing a trust as part of your estate plan, it is crucial to explore the different types of trusts to find out which option best fits your unique needs....
Running a family business can involve walking a fine line between professional and personal relationships. If you cross this line, you could wind up facing some unfortunate consequences. For instance, too many entities discriminate against daughters when it comes to...
If you’re getting divorced, it is important to review your estate plan right away. In all likelihood, your ex played a prominent role in the plan, as a beneficiary and perhaps also as your health care proxy. Change is in order and the time to act is now. What happens...
A lot of estate disputes revolve around money. For instance, perhaps wealthy parents gave $1 million to one child and $10,000 to another. The child who got less feels slighted and says that the other must have manipulated their parents into setting up the estate plan...