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Nobody knows when their time will come – but most adults have the capability to at least make some basic plans for that time. As we age, thoughts inevitably turn to estate planning. Some people leave it too late and the resulting confusion, delays and expense can be hard on surviving family members at a […]
While news stories about the families of famous or wealthy people contesting wills in court suggest otherwise, trials for contested wills are not particularly common in New York. Will disputes among beneficiaries and family members are quite common but the frequent use of “no contest” clauses by estate planning lawyers can make legal challenges risky […]
For millions of Americans, the country’s recent transition to a new administration will have a significant impact on tax and estate planning. This is particularly true for high-income earners and high-net worth individuals, but even those with more modest incomes and assets may be affected. In general, many families who have been safe from exposure to estate taxes and other forms of inheritance tax for the past decade are going to find themselves incorporating estate planning into their overall financial planning strategy.
A will is the cornerstone of an estate plan. In its simplest form it provides instructions for your last wishes and how your assets and estate should be divided. If you die without a will, your estate will be divided in accordance with your state’s intestacy laws.
For years, New York has offered a wide range of Medicaid home care programs and services geared toward differing needs. But the regulations surrounding these programs have undergone a dramatic—and largely unwelcome—transformation, which begins to take effect next month.