New York Estate Planning & Elder Law BlogIf you’ve been asked to help a loved one manage their assets, you likely know that there are many complex issues to consider. One question that many people in this situation are often left wondering is whether it is better to be added to a bank account as a joint account holder or if it […]
Search Results for: estate planning for parents in NY
Back to Basics: Estate Planning 101, Part II
A trust is an important estate plan document. Other estate planning documents include a last will and testament and intestate succession. Every state has laws that determine who your heirs are and what proportion of the estate the heir is entitled to receive. Heir refers to blood relatives and are usually grouped according to […]
Advice on Estate Planning for New York Farm Families
Based on data compiled by the United States Department of Agriculture’s 2017 Census, there were approximately 33,438 farms in New York in 2017. This includes 6,886,171 acres that are currently in production. As anyone who lives on a farm can tell you, life on a farm is unique in various ways. This is particularly […]
Estate Planning Documents All College Students Need
If you are a parent with a college-age child, you likely have many concerns. One often overlooked thing is estate planning. Even though some people think estate planning documents are only necessary for the elderly or wealthy individuals, in reality, these documents are helpful for people who are no longer able to care for themselves. […]
Estate Planning Documents Every Young Child Needs
Parents can make medical decisions for their children. After a child reaches the age of 18, however, and is viewed in the eyes of the law as an adult and a parent’s ability to make these decisions ends. Fortunately, through the use of a few simple estate planning documents, young adults can avoid this […]
Important Estate Planning Steps to Take after a Parent’s Death
Losing a parent is not easy. While being prepared for the event might not make the emotional aspect any easier, it can help to eliminate the potential for additional problems. As a result, this article reviews some of the important financial steps that you can take after a parent passes away. # 1 – […]
Estate Planning Advice for Millenials
Estate planning changes between groups of people. The necessary estate planning strategies also change between people. Like it or not, it is time for many members of the millennial generation to begin the estate planning process. As a result, this article examines some of the unique challenges faced by this age group as well […]
New Estate Planning Topics You Should Know About
It is difficult to perform estate planning without taking finances and taxes into consideration. Instead, many people who perform successful planning discover that these three topics are interchangeably related. In the last year, several new topics have been introduced that redefine how each of these three areas. This article takes a brief look at […]
Advice on Estate Planning for Children
There are many parents who have questioned how to create the best possible estate plan for their children. Some parents even make mistakes about how beneficiaries are able to access assets. As a result, this article reviews some important advice that should be followed by parents with young children. # 1 – Create a […]
Important Things to Know about Estate Planning: Lessons from Gonzalez v. City National Bank
An appellate court in the case of Gonzalez v. City National Bank recently affirmed a probate court’s order that denied a plaintiff’s request after the death of plaintiff’s daughter that the remainder of a special needs trust be distributed to the plaintiff rather than the Department of Health Care Services. The distribution was used […]