Estate Planning

A power of attorney (POA) gives an agent—a person you name—immense authority over your financial life. New York’s strict fiduciary duty rules outline your representative’s legal actions. An agent’s fiduciary duties require them to act only in your best interest and...

In today's world, your digital footprint is just as important as your physical assets. From cryptocurrency investments to social media accounts, your online presence represents financial and sentimental value. Yet many New Yorkers overlook these assets when creating...

Estate plans may address a variety of different issues depending on an individual’s circumstances. People may need to make arrangements for the protection of their dependent children and the distribution of their property. Many people draft wills, and others may...

When someone makes an estate plan, they generally need to designate someone -- known as their "executor" -- to handle the myriad of tasks that have to be done upon their passing. This is a position of significant authority -- and responsibility. If the executor does...

Planning for future medical decisions is essential. In New York, both living wills and healthcare proxies play distinct roles.  These documents serve similar purposes but address different aspects of healthcare decision-making. What is a living will? A living will...

Irrevocable trusts are popular estate planning tools, offering protection for assets, tax benefits, and control over how inheritance is distributed. But which option is right for an estate plan depends on individual goals. Understanding different types of irrevocable...

Probate involves a complex process, especially in New York. Understanding which assets require probate helps families plan effectively and navigate this legal procedure more smoothly. In New York, the probate process verifies the deceased's will and distributes assets...

Estate planning is essential for managing your assets and ensuring people honor your wishes. One critical component is choosing the right power of attorney (POA). In New York, several types of POA are available, each serving a specific purpose. General power of...

Estate planning is an important aspect of dealing with assets after a person dies. One significant advantage of it is its ability to help individuals sidestep probate. By crafting an estate plan, people can safeguard their assets and spare their heirs the headache...

When it comes to estate planning, the executor plays a pivotal role in ensuring a smooth distribution of assets and honoring the wishes of the departed. However, not all executors are equal, and there are telltale signs that one may not be executing the estate plan...