Month: August 2021
The importance of pet trusts
For many people, their pets are essential companions. Throughout a worldwide pandemic, many sought a dog, cat, or other animals to keep them company while sheltering at home. In turn, these creatures are dependent on their owners to provide care and comfort. For many,...
Is a spendthrift trust right for your estate?
You’ve worked hard to accumulate your assets. You certainly don’t want them to be squandered away after you pass away. But this is a very real concern for many New Yorkers. It’s understandable, too, given that many individuals nowadays lack the financial planning...
How to help your special needs child after they reach adulthood
Once your special needs child becomes an adult, it may be time for them to move out and begin to have a bit more independence. However, you don’t want to leave them completely on their own, and you still want to provide support however you can. There are a few things...
Blended families, estate planning, and the remainder trust
Living in a blended family can have an impact on your estate plan. Most people don’t realize this, which can put their loved ones’ financial wellbeing at risk. It can also jeopardize the true intent for your estate, which completely upends the purpose of estate...
Probate administration and intestate succession
Perhaps the best way to show why it’s a good idea to have a will is to explain what happens without one. Under New York law, when a person dies without leaving a valid will, they are said to die intestate. Since there is no will to dictate how their property should be...
Guardianship for a vulnerable adult
When a person reaches age 18, they are legally considered an adult, and New York law recognizes that adults should generally be trusted to make their own decisions about their health, finances and legal affairs. Other people may think their decisions are good or bad,...