The Perfect Storm for Estate Planning before the year end
The pandemic has brought unprecedented challenges to the way we do and think about things. People are worried about their financial future, and what may be coming around the corner in the form of policy and consumer behavior. There is talk about looming recession and an economic down turn. The clouds gathering around us are […]
How is a will contested in Queens?
If you are not ok with the content of a will, what do you do? The best way to challenge what is in the will is by contesting it. And as a resident of Queens how do you contest a will?Is it something you can do alone or with the help of an attorney? Read […]
What are some common misconception about the probate process?
Probate, a process that involves the administration of a deceased’s estate, is complicated. This process can be long, time-consuming, and stressful. Creditors, executors, beneficiaries, heirs, including liquidators, there are several players involved in administering an estate. Similar to any complicated area of law, there are often common misunderstandings and misconceptions regarding the probate process. Below, […]
Opinion: 7 common estate planning disasters and how to avoid them
Easy Mistakes But Also Easy Solutions 1. Not Update On Your Estate Plan. A way to avoid this is to figure out what needs updating. Check if all your beneficiaries are listed or if you’ve discovered an asset you didn’t know you had. Changing your estate plan happens if you either get married, divorced or […]
Good Resources On Estate Planning Trusts
Who Do You Trust? To define what a trust is, it’s extra security towards your assets that’s been planned according to your estate documents. This ables you to have all your finances in the palm of your hands and have you manage them by sending money to those who need it which are called beneficiaries. […]
Don’t Overlook The Benefits Of Estate Planning
Why Estate Planning? When it comes to estate planning, everything you own including your home is protected. An estate plan gives you the full security that you always wished for and can even pay debts that you owe instead of your family paying for it all. Estate Planning includes a Will, a trust and a […]
DIY Estate Planning Has Its Risks
What’s DIY Estate Planning? DIY stands for “Do It Yourself” and can be risky when making one instead of having a professional help you for a reasonable price. Making an Estate Plan by yourself is like making your entire Will by yourself with trusting your self while managing your assets without a lawyer. You’re not […]
Choosing a Trust and Estate Planning Attorney: 6 Questions to Ask
Important Questions For A Attorney. 1. You should ask for what should be included in your Will and how you can benefit from this with family members. 2. Ask about any debts you owe and what assets you can pay it off with. So basically questioning the list of transactions that need to be performed […]
2021 Estate Planning Checkup: Is Your Estate Plan Up to Date?
Keep These Up To Date On keeping up your estate plan up to date, you need to make sure that all your beneficiaries are still relatable to your original plan and should add more if there is any. You need to make sure you have had any life changing events that should be recorded such […]
5 Reasons Why Estate Planning Is Important
The Power Of Estate Planning 1. WILLS A Will is important when it comes to assigning guardians for your children, who takes what from either a car, an estate or any one of your finances. Bank accounts, stocks, businesses and other valuables is other involved with the Will or without it. Without it due to […]