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Last Will & Testament

Friday, June 21, 2019

What Is a Living Will and How Does It Work?


A last will and testament allows you to designate how your assets will be dispersed after you pass away. A living will is put in place before your death and has no bearing on what happens after your death. Moreover, a living will allows you to determine what steps will be taken to care for you if an illness or injury causes you to be in a vegetative or otherwise incapacitated state. While this is something most people don't think about daily, it is essential to have a living will in place in case the unthinkable happens. Here’s what a living will is, and why it should be important to you.
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Thursday, June 6, 2019

10 Frequently Asked Questions about Setting Up a Will


For most of us, planning for what happens to our possessions after we leave this earth is not a top priority. At least this would be the impression you might take away from the fact that 6 in 10 American adults have never taken the time to create a will or living trust.
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Friday, May 31, 2019

Living Trust vs. Will: A Look into the Best Choice for Your Situation


58% of Baby Boomers (ages 53-71,) and 81% of those 72 or older have a living will or trust. They already see how smart it is to begin planning for the fact they will not be around forever.
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Wednesday, May 29, 2019

Reasons Why Having a Will is Important


A Last Will & Testament is a valuable document that your family will benefit from when you die or if you become incapacitated at some point. Your will can communicate how you wish your family to be taken care of, your assets to be managed/distributed, and even which charities will benefit from your long years of responsible planning.

Here's the thing about wills, however. Every person and their finances are different, so the value proposition of a good will, and associated estate plan, revolves around different key ideas for everyone. 

Take a look at the reasons you should have a will, below.
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Friday, May 24, 2019

Reasons Why Having a Will is Important


A Last Will & Testament is a valuable document that your family will benefit from when you die or if you become incapacitated at some point. Your will can communicate how you wish your family to be taken care of, your assets to be managed/distributed, and even which charities will benefit from your long years of responsible planning.

Here's the thing about wills, however. Every person and their finances are different, so the value proposition of a good will, and associated estate plan, revolves around different key ideas for everyone.

Take a look at the reasons you should have a will, below.


Read more . . .


Tuesday, May 21, 2019

Understanding the Different Types of Wills


In the basic sense of the term, a will is a document that is made up by a person, or several people, to spell out how final affairs should be taken care once they have passed away. Each will must meet a set standard that is determined by the state in which a person lives. And if poorly crafted, the will may not be useful in a court of law, especially if contended. 

To draft a great will, there is a lot of information that is collected up front.  Figuring out testators, beneficiaries, assets, debts, and so many more things are essential to transferring the details of your estate when the time comes.


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Sunday, April 21, 2019

Wills, Trusts, & The Estate Planning Process in New York


Estate planning is the processes of anticipating and arranging for the distribution of an Estate. Your estate is anything you own including: physical assets, intellectual property, investments, vehicles, business interests, real estate, and more.

The estate planning process is how we help clients minimize or plan for various uncertainties over the administration of their estate while maximizing the of what they will be able to pass on to their heirs.  Essentially, reducing potential taxes, court costs, and many other foreseeable expenses. 

Planning ahead for how to manage your estate in life, and in passing has several benefits.


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Tuesday, February 26, 2019

Living Trust vs. Will: What's the Difference? Which Is Right for You?


Planning for death or incapacitation can be a difficult subject to discuss. If you have young children or a non-traditional family, it's one conversation you can't afford to avoid.

A will or living trust makes arrangements for your estate and medical concerns in the event you cannot manage them yourself (death or incapacity). 

So, which do you need?  Can they work together?  Is one better than another for your situation?

 

Complexity

Living trusts and wills do not have to be terribly complicated. In many states, 


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Sunday, February 24, 2019

Protect Your Assets: 5 Important Things to Remember When Writing a Will


Everyone knows the importance of writing a will to protect their assets after they pass on. Fewer people actually do anything about it. A survey conducted by Caring.com in 2017 found that 


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