Is Transferring House to Children a Good Idea?
December 8, 2020
Adding an adult child to your house deed, or giving them the home outright, might seem like a smart thing to do. It usually isn’t.
Is a Tax Change a Good Time to Check My Will?
December 3, 2020
Changes in tax laws could be affecting—and outdating—your clients’ wills and bequeathing plans.
How Does Court Choose an Executor if a Will Isn’t Available?
December 2, 2020
An essential part of estate planning is selecting someone to represent you after your death in the management of your estate. This personal representative is also known as an executor, or executrix, if you choose a woman as your personal representative.
Does My Business Need a Power of Attorney?
November 30, 2020
As a business person you may have seen the term “durable power of attorney” in several situations. Power of attorney is a strange term because it’s not immediately clear what powers an attorney for the business may have.
Does Pandemic have an Impact on Financial Powers Of Attorney?
November 25, 2020
We have all seen the heartbreaking stories about people dying in hospitals from Covid-19 without family present. We’ve also heard about the tragic decisions healthcare workers must make when time and resources are spread thin. Compounding these sad situations is that often the person who can speak for the individual suffering from Covid-19 is not present because of hospital procedures designed to prevent contagion.
Act Quickly to Protect an Estate
November 13, 2020
When dealing with the emotional pain of the loss of a loved one, family members also have to address daunting administrative tasks.
Why Is an Art Dealer’s Family Contesting His Will?
November 9, 2020
After art dealer Andre Zarre died in July, at age 78, his relatives got a surprise call from someone named Jose Yeje, co-owner of a deli in Queens. Yeje told them that, just nine days before his death, Zarre changed his will to name Yeje as the executor and sole beneficiary of his estate, which is worth millions.
Cornelius Vanderbilt Created an Estate Plan, but Should I?
October 30, 2020
Cornelius Vanderbilt was among the richest Americans ever to have lived. Born in 1794, he built his fortune on railroads and shipping. To put his wealth into context, in today’s dollars when adding inflation, his fortune would be worth $215.7 billion.
Protect Your Estate with Five Facts
October 26, 2020
The inheritance you leave could be eaten away by taxes or given to the wrong person. Here are five tips to avoid that.
Does My Estate Plan Need an Audit?
October 21, 2020
Estate planning is the process of transferring the management of your assets, if and when you are unable to manage them yourself due to disability or death. Whether you have $100 or $100 million you should have an estate plan.