You and your partner living in New York have many reasons for not getting married, but that doesn't mean you are not committed to one another. Unmarried couples have special considerations when embarking upon estate planning, as what you do will have tax implications,...
Estate Planning
Do you need an estate plan for young children?
There are many factors to consider when drawing up your estate plan in New York. One of the most crucial will be whether to include your children. Many legal and financial experts highly recommend including them in your estate plan. This will be especially true if...
What do I need to do to my estate plan after remarrying?
Remarrying is an exciting new chapter in your life, but it can also bring changes in many areas. For one, it is important to review and update your New York estate plan to ensure that your wishes are still reflected and that your loved ones are provided for. Review...
How can you talk to your family about your estate plan in New York?
Estate planning is one of those things that we all know we should do, but it's also one of those things that many of us put off. Why? Probably because it's a difficult conversation to have. But it's a conversation that needs to happen as soon as possible. Some of the...
The importance of estate planning as a new parent
Becoming a parent is one of the biggest joys for any New York resident. Once you have a child, you should focus on estate planning to secure their future. Create a will with a testamentary trust Creating a will is one of the first steps you should take with your...
Tips for keeping up on your beneficiary designations
Planning for your family’s future is important for any New York resident. Pay careful attention to your beneficiary designations using these tips. Name beneficiaries Obviously, you must name beneficiaries who will inherit property and assets from your estate after...
What to expect in a real estate closing
When buying or selling a piece of real estate in New York, the parties must go through a closing that completes the transaction. While most people know that their closing will occur on a stated day, most don't know the specific steps. Here is what you can expect. A...
Getting married again? Update your estate plan
There are a lot of details to consider as you create your New York estate plan. One of them will be to consider if you are divorced and plan to get married again. You very likely have no intention of including your former spouse in your estate plan, so a revision may...
What do I need to do to my estate plan after remarrying?
Congratulations on your recent marriage! Now that you are married, there are a lot of things you must do to start this new chapter of your life on the right foot -- including updating your estate plan. This is especially important if you've been married before. Why?...
What can go into a revocable trust?
A revocable trust in New York gives the grantor, or creator, more control of their assets. It allows the grantor to change the content as they see fit. However, there are assets that can and can't go into a trust. Financial assets While cash can't be directly placed...
