Is it ever too early to plan?
A lot of people fail to plan their estate not because they don’t want to, but because they feel it is too early. There is this huge misconception that estate plan is strictly for the older generation as they prone to those life-threatening sicknesses. So, a man who is 40 years old may decide not […]
Estate Planning And Will Drafting In New York Forms, 2020-21
ESTATE PLANNING When planning an estate plan in New York State it is important to know the terms to understand with what you’re doing. Terms like; trusts, wills, a chance of a codicil probate processing, chosen beneficiaries etc. An attorney can point you to the best direction when it comes to planning for your estate. […]
Estate Planning Documents: All Must Have Important Docs in Details!
Estate Planning Documents: All Must Have Important Docs in Details! Estate planning is not what is talked about much as no one wants to imagine about their death but as we know, it is a universal truth that no one can escape death. Hence, it’s better to plan your estate ahead of time so that […]
4 Categories of power-0f-attorney, Enlightened
The 4 categories of POA are important tools in estate planning serving the general purpose of ensuring your wishes are honored and your estate plan objectives fulfilled. In a scenario you are not in a capacity to decide for yourself, a power-of-attorney deed permits you to assign an agent to decide over your affairs. These […]
How to use Probate records in your genealogy research
Probate Probate is the term for a legal process in which a will is reviewed to determine whether it is valid and authentic. Probate also refers to the general administering of a deceased person’s will or the estate of a deceased person without a will. Probate is a legal process that administers the distribution of […]
What are some common misconceptions about the probate process?
Before we look at the common misconceptions about the probate process, let us take a look at what probate is. What is Probate? Probate is a very common court process. It is usually done to determine the validity of a will and administer a deceased’s estate. If you drafted a last will and testament, probate […]
5 Estate Planning Documents You Need to Update When Getting a Divorce
Change Of Plans During Your Divorce 1. Making An Entire Estate Plan From Scratch The primary principle to divorce is with regards to saving every one of your resources is to change your whole estate plan. You can change objections of every one of your possessions and with a Trust included you can skip the […]
What Singles Need to Know About Estate Planning
Single People And Estate Planning When it comes to being single and having an estate plan you basically have 100% of everything that you own. Let’s say if you’re married, you will have a share of half of everything you own instead which is 50%. With being single, all your assets will be managed by […]
Inherited retirement accounts: 5 things you need to know
Five Things About Retirement Accounts 1. Government Accounts Aren’t Taxed Interstate plan if you decide to inherit your 401(k) and retirement plan and your life insurance you are not taxed for the individual that you’re sending these funds to. As long as there’s one transfer per year. 2. Mark A Beneficiary Since these are your […]
Estate Planning For The Modern Family: What To Do When You’re Not The Cleavers
Today’s Modern Family A modern family consists of a husband and wife, husband and husband, or a wife and wife all with children but what they all have in common is being the perfect family. Every family has there downfalls but as long as we all work together, everything can be straightened out. The Cleavers […]