Remarried after having kids? Here are tips to avoid accidentally disinheriting them
If you have remarried after a divorce and hope to transfer some of your assets to kids from a previous marriage, don’t ignore the importance of planning for when you pass away. A lot of individuals lack even a simple will and the stakes can be higher if you don’t plan your estate when you […]
Who is an Estate Planning Attorney?
Have you finally decided to create an estate plan but you don’t know how to hire an estate planning attorney or a trust attorney for your trust? Hiring an estate planning or trust attorney doesn’t have to be difficult if you know the right questions to ask. These questions will give you an insight into […]
Reverse Mortgages in New York (2025-2026 Guide): The Pros, The Cons, and The Estate Planning Dangers
The Pros, The Cons, and The Estate Planning Dangers If you are a homeowner in New York over the age of 62, you have likely seen the commercials. A celebrity spokesperson promises a way to “live tax-free” in your home, pay off your debts, and enjoy your retirement by unlocking your home’s equity. This product […]
What Options Are Available To Avoid Probate In Buffalo?
If an individual leaves behind a property worth up to $30,000 and this property is in the name of the decedent alone without any beneficiary designation, this property is bound to undergo probate proceedings. Probate proceedings could take some time before they are completed and this will make inheritance of the decedent’s estate delayed. There […]
How is a will contested in Buffalo?
A will contest is the act of trying to invalidate the will of a deceased individual. Contesting a will can be very challenging, thus, it is advised that you seek help from an experienced probate attorney. Who can Contest a Will? Any interested individual may contest a will. This individual could be the heir of […]
What you should know about creating health care proxy in Brooklyn
Just like a will, a health care proxy or a health care power of attorney is an important estate planning document. The health care proxy law also gives you the opportunity to write out specific instructions in the document concerning certain medical conditions, such as whether you would like to have your tissue or organ […]
Are There Different Types of Probate in Buffalo?
Probate is a court process whereby the last will of a deceased person gets validated before the will’s intent can be carried out. Notably, probate is the act of validating a will. So once there’s a will, there must be probate. But ideally, only estates that are worth over $30,000 may be probated. The estate […]
Biden’s Capital-Gains Tax Plans Would Upend Estate Planning by the Wealthy
The new Biden’s capital-gain tax plans aims to increase the top-capital gains rate from 23.8% to 43.4% and tax assets if sold when an individual dies. This plan will surely upend the tax strategies of the very riches households. In addition, President Biden’s plan would also recover some benefits Congress gave to slightly less wealthy […]
How Does a Medicaid Asset Protection Trust Work in Buffalo
Not everyone will live to a ripe old age but it is a hope most of us have. And those of us who wish to live to that age would have to put certain plans in place to ensure they get as much comfort as possible. Most seniors in Buffalo, NY look to long term […]
Health care proxy in Queens
A health care proxy is a legal document that allows an individual (the principal) to designate another individual who will make important health care decisions on his or her behalf during incapacitation. Without a health care proxy, the court will step in and designate an individual to make those important health care decisions on your […]