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Estate Planning

Monday, May 27, 2019

What should my adult children know about my estate plan?


Since they were born, you’ve taken care of them, provided for them, and even though they may be grown and gone-- and may even have children of their own-- the odds are they are an important part of your comprehensive estate plan

So how much do your adult children need to know-- if anything-- about your estate plan and/or your financial status? 

Every family dynamic is different. Some are close, while some are estranged.


Read more . . .


Friday, May 17, 2019

What is digital asset planning?


Seeing a skilled New York and New Jersey estate planning attorney to create an initial estate plan should be on the list of every person reaching the age of majority, regardless of their net worth. Many people erroneously believe they need to have a lot of assets or be married with children in order to need a last will and testament.

But a comprehensive estate plan also includes documents that


Read more . . .


Tuesday, April 23, 2019

Has estate planning gotten more complex?


Estate planning in New York and New Jersey has changed dramatically over the years as traditional estate planning doesn’t meet the needs of many of today’s modern, blended families.

For example, in the 1950s, when divorce rates were lower, the “standard” estate plan might have had each spouse leaving everything to the other and then the surviving spouse leaving everything to the couple’s children. But today, life is more complex and only “one-third of American households are ‘traditional’ (heterosexual, married, with children)”.
Read more . . .


Thursday, March 28, 2019

Am I responsible for my dead spouse’s medical bills?


New York and New Jersey estate planning encompasses far more than just a last will and testament (more commonly referred to simply as a “will”). Many people know that a will is a document used to designate legal guardians for minor children in the event the maker (or testator) dies while the children are still minors and that it also designates the beneficiaries that the testator would like to leave their property to after they are gone. 

But a truly comprehensive estate plan includes other important additional documents including but not limited to documents that Read more . . .


Thursday, March 21, 2019

Do I need a pet trust?


New York and New Jersey estate planning lawyers, as well as the public, will likely always remember the headlines surrounding the late hotel and real estate investment billionaire Leona Helmsley’s estate – – particularly the part where she left a $12 million trust fund to benefit her spoiled little Maltese dog, Trouble.

So, what do you plan on doing for Sparky, Fluffy, or Trigger after you are gone?

While most people consider their pets to be part of the family, they don’t often include them in their estate planning. But for those who live alone, or those who possess pets with extraordinary life expectancies--or those with excess riches-- it may be wise to include your pet in your estate planning.
Read more . . .


Thursday, February 28, 2019

Can a court-appointed administrator steal from an estate?


If New York estate planning lawyers could get one thing through the heads of those who have put off estate planning on the common but mistaken belief that everything they have will go where they want it anyway, it would be that failure to properly plan for death or incapacity could be financially devastating to them and their loved ones before or after their death. 

First, anyone with a minor child needs a will for many reasons, but most importantly, to


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Monday, February 25, 2019

Does divorce affect an estate plan?


If you lived in New York or New Jersey and were finally ready to have a comprehensive estate plan prepared, you’d seek out an experienced New York or New Jersey estate planning attorney

And if you were considering buying or selling real estate in New York or New Jersey, you’d likely seek counsel from a


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Sunday, February 17, 2019

What happens if I die without an estate plan?


Most people have heard that when music legend, Prince, passed away a couple years ago, he died without a will. Perhaps he didn’t care what happened to his property after he died or, like many without estate plans, maybe he just assumed his property would pass easily to the people he wanted to have it. In reality, Prince’s estate is the proverbial poster child for how much can go wrong when you die without an estate plan.


Read more . . .


Wednesday, January 30, 2019

Does Staten Island offer housing options for disabled adults?


There are plenty of reasons why people consider buying a home on Staten Island. And now there’s another very unique one.

Staten Island may be a model not just for New York, but for the nation to follow when it comes to ideas and pilot programs for finding housing opportunities for adults with disabilities.
Read more . . .


Monday, January 28, 2019

Must someone who borrows something return it to their estate after the lender dies?


It turns out the popular, snarky remark “don’t get your panties in a knot” might actually be appropriate to describe a recent New York City estate administration nightmare. The estate of a father is reportedly suing the dead man’s adult son—described as a “high-end underwear tycoon”— after Junior allegedly failed to return an expensive painting that he reportedly borrowed from his dad in 2012. 

 The pair reportedly had a falling-out at some point after the loan of the painting and prior to the father’s death.


Read more . . .


Wednesday, January 23, 2019

Can a decedent’s IRA beneficiary designation be changed after death?


The start of the new year is a popular time for people to re-examine their relationships and sometimes revise existing estate plans to reflect any changes in those relationships. But estate plan modifications can be made at any time of the year as well. 


New York and New Jersey estate planning attorneys must consider a client’s family relationships, tax considerations, goals for the future and financial security of their children, as well as any future potential will contest when drafting or modifying a comprehensive estate plan.


Read more . . .


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