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A Creditor’s and a Probate’s Role
The use of legal techniques to avoid probate allows you to save taxes, keep your estate away from public scrutiny, and avoid having to obtain court approval each step of the way. You can save time, frustration, and in many cases, attorney and court fees. An executor, also known as…

Your Estate Plan and Generational Wealth Transfer
Protecting your inheritable legacy so that it is passed on to future generations requires careful planning. In the world today, there are always differences of opinion among generations regarding how to live and act. As a result of climate change, pollution, over-harvesting nature’s resources, and wealth accumulation, to name a…

Is Your New York Estate Plan Updated?
To make sure they’re still good, you should check your estate planning documents every so often, especially with big life changes like births, marriages, divorces, and moving to another state. Children grow up, marriages dissolve, property gets sold, residences change. That’s why we recommend that you consult us for an…

How Does Life Insurance and Estate Planning Work Together?
At first thought, life insurance may not seem to have a bearing on how to dispose of your assets in your estate plan. However, life insurance can be an integral, indispensably important part of a well-thought-out estate plan. There are numerous other benefits to owning a life insurance policy aside…

The Importance of Understanding Co-Agents in New York
I can’t decide which of my two children should be my power of attorney when I need help paying my bills and talking to doctors. Can’t I just name them both? You can, but please don’t. You risk creating conflict or chaos if you name more than one child to…

How to Plan for the Growing Sandwich Generation
Anyone experiencing the struggle of simultaneously caring for children and aging parents is part of the sandwich generation. Although generation is part of the phrase, it does not refer to people born at a specific time. Typically, these “sandwich” family caregivers will be in the thirty to forty-year-old age range…