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Equitable defenses to claims of breach of the fiduciary duty
Serving as a trustee or an estate administrator can be enormously rewarding, but it can also be incredibly stressful. After all, you’re suddenly responsible for investing certain estate assets and managing them in a way that supports the best interests of the estate...
The dangers of foregoing a will
Have you been putting off estate planning thinking that your family dynamics don’t warrant an estate plan? If so, you need to make sure that you fully understand what’s at stake by foregoing an estate plan. After all, there may be more at risk than you realize. New...
How to talk to your parents about estate planning
Estate planning can be incredibly important for your assets and your family. Yet, most people put off estate planning until it’s too late. If your parents are in this position, then you might be wondering what you can do to help them ensure that their vision of the...
Using a trust to motivate loved ones
A lot of people are justifiably concerned about what will happen to their assets once they are passed down to their loved ones. After all, if you’re like those individuals, then you’ve worked hard to build up your estate. You certainly don’t want to see it squandered...
What does a trustee do?
We usually talk about trusts from the point of view of the people establishing them, but there is another party with a huge role to play in the way the trust works. This party is known as the trustee, and their job is to administer the trust for the benefit of the...
Estate planning is right for all times of life
Estate planning does not have to be a difficult topic. Though many New Yorkers hold off on thinking about it until after they are married or have kids, estate planning is a good step to take for any adult at any stage of life. As a person ages, their needs and...
The basics on guardianships in New York
Many people in Westbury have an elderly loved one who needs self-care help and help managing their financial affairs and property. In some cases, it is necessary to appoint a guardian to the incapacitated person. The following is a brief overview of guardianship in...
Examining senior care options
When creating an estate plan, people tend to dwell more on how they will allocate their financial assets, and to think less about how they may have to finance costly medical procedures and even long-term care in their golden years. But existing health problems and...
We can help with elder law cases
Most of us never think of the term elder law. After all, it is only for the elderly. But, what may bring this term into focus is not just when we become elderly, but also when we are caring for our elderly parents or family members. What is elder law? Elder law refers...
How can unmarried couples estate plan?
Many in the elderly community find themselves newly single. This can be as a result of the ever-increasing number of Grey Divorces (divorces between spouses over 50), or because of the death or incapacitation of one’s spouse. As a result, many of these newly single...