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...
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What happens if I die without a will in New York?
When an individual passes on without a will, it is called dying intestate. It means the law comes into play when determining what happens to the estate left behind by the deceased. The estate's distribution could also depend on the surviving family members and their...
The basics and benefits of building a trust
When beginning the estate planning process, many people believe they only need to create a will to achieve their financial goals. For some, this may be enough to protect their assets and give them peace of mind. But that’s not always the case. Those with specific...