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Understanding 401(k)s, 403(b)s, and Pension Benefits in New York Most people picture a will or trust when they think about “estate planning.” Yet for many employees, the largest asset they own is a workplace retirement plan. Knowing exactly what will happen to your 401(k), 403(b), or pension if you pass…

In New York, estate planning and a second marriage requires balancing the financial needs of surviving former spouse with the inheritance rights of children from earlier relationships. But, your particular circumstance will be unique as you may have a spouse who has passed away, you may have children with a…

One of the most common questions we get from clients is: “How does a trust help avoid probate?” Let’s break it down in a way that’s easy to understand and shows just how powerful a trust can be in your estate plan. Think of a Trust as a Secure Container…

Estate planning brings up important questions, and one of the most common is “What happens to your debt when you die?” In New York, many families worry that credit cards, medical expenses, or a home loan will automatically pass to children or a surviving spouse. In reality, these obligations are…

No Will, No Plan: What Happens If Someone Dies Without a Will? Most people assume their family will “just know” what to do after they pass away. In reality, what happens if someone dies without a will in New York is complex. Without written instructions, state law decides who inherits,…

The One Big Beautiful Bill (OBBB), signed into law in early July, represents one of the most comprehensive pieces of federal legislation we’ve seen in years. It combines tax changes with significant reforms to public benefits programs, particularly Medicaid. While the bill’s full impact will unfold over time, it’s clear…