When creating your estate plan many people only think about their physical property and financial assets. Now in the digital age you need to also plan for your digital assets. These days almost everyone has a computer and a smartphone with many storing information in the cloud. You have a lot of … [Read more...] about Estate Planning for Digital Assets
Estate planning is a very important part of life. However, it doesn't have to be overwhelming. Having a plan in place helps you to manage those inevitable uncertainties and control what you can. Here is an explanation of the primary documents associated with this process. Will - This is your … [Read more...] about The Basics of Estate Planning
Is a Will sufficient for your estate, or should you consider a trust? Before addressing this question, let's review trusts and what they do. A trust transfers the legal title to property to a trustee, who manages the assets of that trust during your lifetime (if it is a living trust) and … [Read more...] about How Do I Determine If a Trust is Right for Me?
When people hear the phrase “estate plan”, they think that it is just for the very wealthy or elderly. But, it is not. Estate planning puts you in greater control of the financial and healthcare decisions that directly affect the lives of you and your family. An estate plan allows you to protect … [Read more...] about Do You Have an Estate Plan? Here’s Why You Should
We have seen our clients and friends need to assist older family members with their financial affairs. If you have not been asked yet, you are likely to be asked to assist in the future. To help someone in this "financial caregiver" role, the federal Consumer Financial Protection Bureau has … [Read more...] about Help for Trustees Under a Revocable Living Trust
This is a guest post from Robert Kurre, an attorney with Kurre Levy Schneps LLP. in Great Neck, NY. Robert J. Kurre, Esq. is the Partner-in-Charge of the firm’s elder law practice and co-Chair of its trusts and estates practice. Don't be fooled into thinking that you don't need estate planning … [Read more...] about Estate Planning Isn’t Just About Saving Taxes