Including a power of attorney or medical agent in your estate plan may make it easier to manage your affairs and make healthcare decisions as you wish if you become incapacitated. Choosing an agent Anyone who is a legal adult and of sound mind can serve as your agent....
Estate Planning
Tips to consider when choosing an executor in New York
Managing an estate in New York is not an easy job. The person you'll appoint will have to initiate the probate process, notify your creditors, beneficiaries and other interested parties of your unfortunate passing, pay your debts and taxes and distribute your assets,...
Approaching your parents about their estate plan
Talking to your parents about money or their mortality may make you feel uncomfortable. However, it's important that you have some idea of what they would want in the event of a medical emergency or after they pass away. For instance, your parents may want to stay in...
How to talk about estate planning with your parents
Many individuals with older parents likely know they need to have a conversation about estate planning. Older parents often have valuable assets they have built up over the years like a house, cars, investment properties, brokerage or retirement accounts. But...
Three basic documents to consider in your estate planning journey
Individuals in all walks of life may think about estate planning on occasion, casually discuss it with family or friends, or see an advertisement on TV. But many people, sadly, don’t consider taking real action. Perhaps they simply believe they do not have the wealth...
Simple estate planning tips for New York residents
Estate planning can be stressful for people, especially if they are unfamiliar with the types of documents available and their benefits. Many individuals might find themselves putting off this somewhat intimidating task. Thankfully, a few suggestions can help even the...
Issues to consider for your 2022 estate plan
The beginning of a new year brings freshness and a new beginning for many people. Individuals tend to examine many aspects of their lives. However, some often overlook their existing estate plans. Did you have a baby? Get divorced? Receive a large inheritance? Such...
The role of an executor during probate
When an estate goes through probate, several people are typically involved. One of them is the executor of the estate. But what is an executor and what do they do? What is an executor and what do they do? An executor is the person responsible for administering the...
