Inflation has touched just about every aspect of life. Gas prices, rent, and food costs have soared in the wake of the COVID-19 pandemic and the war in Ukraine. Over the past 12 months, inflation has increased by 8.6%, the highest level since December 1981.
The trend is expected to continue, despite efforts to rein...
Inflation’s Impact on Your Long-Term Care Plan: Is It Time for a Review? Continue reading…
Why Does My Trust Need to Be Funded?
A trust is a legal structure that many people use for asset protection and estate planning. A trust splits legal and equitable ownership of the trust assets, which protects the assets from creditors during your lifetime. It also ensures that the assets get distributed according to your wishes after you die.
Mechanic’s Lien: What to Know Before Buying the House
Despite its name, a mechanic’s lien comes from home construction or remodeling work. The typical scenario involves a subcontractor or supplier who does not receive payment from the general contractor. The subcontractor or supplier tries and fails to work out payment with the general contractor and ultimately goes after the homeowner and the home...
Mechanic’s Lien: What to Know Before Buying the House Continue reading…
How Important Is a Home Warranty?
The purchase of a new home is exciting! It’s likely that when you purchase a home, even if it’s an older one, you’ll be offered a home warranty. Home warranties are offered as a means of protection against unexpected and expensive home repairs.
What is a home warranty?
A home warranty is like an insurance policy....
How Important Is a Home Warranty? Continue reading…
7 Reasons Why Trusts Aren’t Only for the Wealthy
Two common ways in which people plan for the disbursement of their property are through a Last Will and Testament and by creating a trust. People often associate trust funds, or trusts, as tools only used by very wealthy people. However, there are advantages to establishing a trust from which people who are...
7 Reasons Why Trusts Aren’t Only for the Wealthy Continue reading…
A Guide to the New York Probate Process: What to Expect
Probate is a term that refers to the legal process of distributing a deceased individual’s estate. This process includes demonstrating the validity of the Last Will and Testament or disbursing the property in cases where there is no will.
Cases in Which Probate Is Unnecessary
There are times when the probate process is not necessary....
A Guide to the New York Probate Process: What to Expect Continue reading…
The Relationship Between Estate Planning and Financial Planning
Many are not clear about the differences between financial planning and estate planning. Both are important but serve separate and distinct purposes. To manage your money now and to protect your wealth in the future, understanding how financial planning and estate planning work together is vital.
Financial Planning
Financial planning is the process of examining...
The Relationship Between Estate Planning and Financial Planning Continue reading…
Is It Time to Consider Guardianship for an Older Relative?
Guardianship means that a family member of an elderly parent or relative is placed in a position of higher responsibility to make medical and daily care decisions. The question about who and when to name a guardian for your aging loved ones is a significant one.
Watching a parent age is emotionally difficult. Those...
Is It Time to Consider Guardianship for an Older Relative? Continue reading…
8 Signs Your Estate Plan Needs an Update
If you have taken time in the past to create an estate plan, or you’re considering doing so now, that’s good news.
Having an estate plan ensures that the wealth you’ve worked hard to create is protected. It makes sense that your assets should be distributed as you wish. After all, they belong to...
8 Signs Your Estate Plan Needs an Update Continue reading…
Pandemic-inspired Wellness Design Tips for Home Sellers
Which wellness design features do today’s home buyers want?
It’s a seller’s market at the moment in New York and New Jersey. Real estate attorneys have seen clients engage in frantic bidding wars in the quest for a new home as low mortgage interest rates and low inventory of houses have driven house prices...
Pandemic-inspired Wellness Design Tips for Home Sellers Continue reading…