The lives of most American adults are increasingly intertwined with digital technology. As a result, the concept of a digital estate plan has become consequential in ways that few could predict even a few decades ago. A digital estate plan can help to ensure that...
Homeowners Associations (HOAs) play a crucial role in maintaining community standards and property values. One often overlooked but critical aspect of effective HOA management is a reserve study. While New York property owners’ associations don’t require a reserve...
When your parents pass away, they name you as the estate executor. This gives you certain obligations, like making an inventory of any assets that they own, informing heirs and beneficiaries of what they should receive, providing copies of the will and much more. What...
Buying or selling a home in New York is a serious undertaking. When it comes to the nitty-gritty of closing a real estate deal, there should be a non-negotiable participant at the table: an attorney. It’s not just about having a savvy negotiator by your side or...
Choosing the proper business structure is a critical decision for an entrepreneur or business owner. It is more than just filling out the paperwork or ticking a box. The structure you settle on will have far-reaching implications for your business, legally,...
New York, unlike many states, has an estate tax. That means people with multimillion-dollar estates often need to take steps to help ensure that the assets they leave to their loved ones and others aren’t needlessly devalued by taxes – both federal and state. The 2023...
You may have always assumed that you’d ultimately leave everything you have to your adult children and let them divide it equally. However, as a parent, you probably already know that “equal” isn’t always fair. It can make a lot of sense to leave your children unequal...
Anyone who has watched a police procedural television show or a movie that focuses on a criminal trial probably knows the rule for evidence in a criminal case. A prosecutor will need to have evidence that establishes beyond a reasonable doubt that a crime occurred and...
You’ve likely heard once or twice that only people with a large estate benefit from making estate plans. This idea is only a myth. Estate planning has a lot of benefits besides distributing assets. For example, parents can make estate plans that name child guardians....
A will may have to face estate taxes, probate and disputes, which might make it more difficult for heirs to inherit the deceased person's property. A trust, by comparison, can avoid estate taxes and help insulate what you want to leave behind to your heirs from...