Advantages and Disadvantages of a Charitable Remainder Trust in Estate Planning

Estate planning is a multi-faceted and intricate process, and each family will have different needs and considerations when formulating the most prudent estate plan. For the purposes of this article, we will be examining the charitable remainder trust, one of the estate planning tools available Read More …

Don’t Go to College Without a POA and Health Care Proxy!

Planning for college can simultaneously be an extremely exciting and daunting prospect. Between looking for dorms, choosing classes, and buying necessary items, the transition period between high school graduation and the first day of college is hectic. An overlooked part of this process, however, are Read More …

The Failure of Kings County Surrogate Court

After a loved one passes, the last thing you want to be worried about is handling their estate. An unresponsive, unhelpful, and irresponsible surrogate court can make the process of settling a loved one’s estate exceedingly more difficult. In this article, we will focus on Read More …

How Does NY Tax Law Affect Estate Planning?

When planning an estate, all individuals are subject to a federal tax. However, it is important to consider the state tax laws that affect individuals in different ways depending on where they live. For example, citizens in Florida will be subject to different regulations from Read More …

What Happens to My Debts When I Die?

At one point in everyone’s life, they will procure some type of debt. Debt is a deferred payment – sometimes in a series of installments – from one party to another. Your debt may be a small amount from your credit card purchases or a Read More …

Advantages and Disadvantages of Transferring Your House to Your Children During Your Lifetime

Transferring Your Home To Your Children When it comes time to start planning for your future, one of the first steps is to often evaluate your assets along with who will be inheriting your assets. A common choice for most individuals is to appoint family Read More …

How to Start Talking to Relatives About Estate Planning

Talking about death and money is an uncomfortable topic for many- especially when both are in the same conversation. It is common for people to avoid talking about trusts and wills to their families which often results in confusion between surviving family members. However, it Read More …

How To Include People With Disabilities In My Will And Not Lose SSI And Medicaid

When deciding on where you want your assets to go after death, it is common for people to think of their loved ones first. The process of transferring your assets to your family usually happens smoothly and runs into no problems. However, for loved ones Read More …

Can I Inherit Digital Assets?

Throughout the years, we have seen new waves of technological advancements in investing on the internet. In the past few years, a vast amount of people have invested in digital assets. Digital assets are anything that is digital, has value, and can be identifiable. This Read More …

Can I Inherit Debt?

When a loved one passes away, the last thing anyone wants to think about is money. Unfortunately, just because someone passes away, it does not necessarily mean that their debt also goes away. But where does this debt go? Technically, debts cannot be inherited-but some Read More …