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Wednesday, September 30, 2020

Letters of Instruction in Estate Planning


Q: What is a letter of instruction?

For many, making an appointment with a New York or New Jersey estate planning attorney is one of those tasks that never makes it to the top of the to-do list. It lingers there at the bottom of the list or in the back of the mind for any number of reasons—the most popular one being that no one likes to face their own mortality.

Generally, a comprehensive estate plan will include a last will and testament, commonly known as a “will”, sometimes a trust, and often other recommended documents


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Tuesday, September 15, 2020

How the Coronavirus Has Impacted the Rural New York Real Estate Market


Q: Is now the time to move out to the country?

If you’ve always wanted a second home, New York real estate attorneys are seeing more clients taking the plunge now, no doubt in response to the coronavirus pandemic radically changing people’s work and personal goals.

Living in the former epicenter of the COVID-19 pandemic in the USA, many New York City residents dealt with the stresses of being locked down for most of 2020--often in very tight quarters—and of knowing people who came down with or succumbed to the virus. If ever there was reason—and the time—to re-evaluate one’s life plan, the quarantine months were it.


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Tuesday, September 8, 2020

The Impact of COVID19 on NYC Apartment Rentals


Q: How has COVID-19 affected rentals in the New York City area?

New York and New Jersey real estate attorneys expected the coronavirus quarantines to impact the New York City rental market. Now, several months after the lockdowns began, reports are indicating just how significant the impact has been so far.

If you’re considering


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Wednesday, August 26, 2020

What Is the Difference Between Medicare and Medicaid?


Both Medicare and Medicaid are government-sponsored, taxpayer-funded programs that are intended to help Americans cover the costs associated with healthcare. Additionally, both programs were established back in 1965. With similar-sounding names and the fact that both are intended to cover healthcare costs, many people confuse the two. There are, however, important distinctive qualities between the two programs. Here, we discuss the differences between Medicare and Medicaid.


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Wednesday, August 19, 2020

Mortgage Rates Fall to New Lows During COVID-19 Pandemic


It is no secret that the COVID-19 pandemic has sent the U.S. economy through a major loop. With businesses closed and restricted and the major uncertainty of the moment, the economy has not fared well. In the midst of the economic downturn, mortgages interest rates have dropped to historic lows.


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Wednesday, August 12, 2020

The Impact of COVID-19 on NYC Apartment Rentals


Q: How has COVID-19 affected rentals in the New York City area?

New York and New Jersey real estate attorneys expected the coronavirus quarantines to impact the New York City rental market. Now, several months after the lockdowns began, reports are indicating just how significant the impact has been so far.

If you’re considering


Read more . . .


Wednesday, August 5, 2020

When Should I Review My Estate Plan?


You met with a lawyer and set up your estate plan to protect yourself in case you become incapacitated and to provide for your family. Many people simply stick the documents in a drawer and forget about them, but doing so can cause results you never intended down the road, because of changes in the law or developments in your life. This article explains when you should review your estate plan to make sure that it will serve its purpose.

You should take out your estate plan and read it again at regular frequencies or when significant life events happen. You should also sit down with your


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Wednesday, July 29, 2020

Do I Really Need an Attorney to Buy a House?


If you have never bought a house or other real property in the state of New York, you might not realize that it is illegal for your real estate agent or broker to prepare the sales contract or provide any legal advice about the agreement. While it is standard practice for the agent or broker to draft the sales contract in some other states, New York law requires the buyer or seller (or their attorney) to write the agreement.

A New York real estate attorney can help you if you are wondering whether you really need an attorney to buy a house.


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Wednesday, July 22, 2020

How to Prepare Your Children to Manage Their Future Inheritance


Q: Are your children ready to inherit your wealth?

New York and New Jersey estate planning attorneys assist clients with comprehensive estate plans designed to distribute the wealth they’ve accrued during their lifetimes to the people and/or charities that matter most to them. Generally, the beneficiaries include their children, whether minors or adults. But what happens if the children are not prepared to effectively manage and grow that inheritance?

Most people with minor children have a will that not only names the people they want to be the children’s


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Wednesday, July 15, 2020

Advantages of Asset Protection Trusts


Q: What are asset protection trusts?

Many people venture off to their first appointment with a New York or New Jersey estate planning attorney thinking they will come out of it with a last will and testament-- commonly known simply as a “will”. But that isn’t always the case. In fact, a comprehensive estate plan will likely include several additional documents.


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Wednesday, July 8, 2020

Estate and Retirement Planning as Special Needs Parents


Q: How can having a special needs child impact a parent’s estate and retirement planning?

It’s no secret that having a child with special needs often presents parents with financial and other challenges. Unlike other parents whose financial responsibility to their children generally ends in their early 20s once they’ve left the nest, special-needs parents often house and provide financial support throughout adulthood – – sometimes until their own passing.

Therefore, parents must consider their special needs children when doing their retirement and estate planning and should seek advice from a skilled New York and New Jersey estate planning attorney.


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