There are many estate planning options available. One you might not have heard of is called a dynasty trust. This is a way of passing your assets to future generations while shielding those assets from tax liabilities. It’s a tool that tends to be used more by...
As a parent making your estate plan brings extra responsibilities, you need to name a guardian to raise your children if you pass away before they become adults and think about how your assets can help pay for their upbringing. Yet, what if your children are already...
When you appoint an executor of your will, you hope not to need them for a long time. A lot can change in a year, let alone a few decades, so do you need to tell your executor when things change? Or can you just leave them to work it all out when you die? It’s up to...
Writing a will is a crucial estate planning step because this legal document outlines how your assets will be distributed to your beneficiaries. Unfortunately, many people make mistakes during this process that can cause complications down the line. Are you...
A homeowners association (HOA) must establish a delicate balance between maintaining community standards and maintaining a sense of community. Consistent and reasonable enforcement of the rules is necessary, as is the frequent updating and modernization of existing...
A homeowner's association (HOA) helps protect the culture of a neighborhood and also local property values. The HOA can create and enforce rules about lawn and property maintenance, as well as many other choices homeowners make that affect their communities. For...
As a business owner, you may need to be wary of the impact that chargebacks can have on your bottom line. Chargebacks can only happen when a customer has used a credit card to reimburse your company for purchasing goods or services. There are certain situations in...
Business partnerships can be a great way to achieve growth and success, but they also involve complex legal and financial considerations. Therefore, a well-drafted partnership agreement is essential to ensure all parties understand their rights, responsibilities, and...
You’ve created a valid will. That means you have taken an important step toward safeguarding your legacy and loved ones’ futures. At the very basic, a will speaks for you when you are no longer around to make important declarations. Without one, New York intestacy...
Making an estate plan is a great first step, but don’t forget that the estate plan can become outdated and inaccurate. It is very important to review it periodically so that you know that it actually reflects your true wishes. After all, you wouldn’t want an...
