Planning For Incapacity Part 1: The New York Power of Attorney  While no one wants to think about it, becoming incapacitated during your lifetime is not an unlikely event. According to the National Association of Insurance Commissioners, one in four 25-year-olds will experience at least one period of disability before they are 65. Other Insurance […]

Many people automatically assume that the life insurance death benefit they leave over to their loved ones will not be taxed. This common misconception can result in the unnecessary payment of tens or hundreds of thousands of dollars of estate taxes. The Rule: The IRS (Section 2042) states that the death benefit of your life […]

In the estate planning world, there is no such thing as a “cookie cutter” plan for any individual or family. Every situation is unique and needs a plan prepared especially for it. There are, however, a few essential documents which almost every person needs in order to cover their bases regardless of income, assets, family, […]

  People often ask estate planning attorneys why they need to make a will if they aren't "rich"? While each person's situation is unique, there are usually many reasons why everyone needs to have a will prepared. Here are a 5 things that a valid New York will allows you to do: 1. Appoint guardians […]