Estate planning is often placed on the back burner in New York for a couple of reasons. One, people feel that they do not have time to create wills and other estate planning documents. And two, people generally prefer not to think about the possibility of dying...
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Wills
Storing wills properly is a critical part of estate planning
People in New York generally understand the importance of keeping their essential documents secure -- for example, safeguarding their passports and birth certificates. In the same way, keeping wills and other estate planning documents safe is critical. Here are...
Wills important to create prior to retirement years
As people in New York near retirement, they may naturally feel excited about having the opportunity to fulfill their lifelong ambitions during their golden years. However, it is also important that they plan for the unexpected -- for example, sudden illnesses or...
Wills, other documents should answer several questions
Many individuals in New York understandably prefer to discuss topics other than death. This is why many resist the idea of creating estate plans, which includes drafting wills and other documents. Unfortunately, failure to engage in estate planning means that an...
Wills can help to answer questions regarding children, assets
When people hear about an estate, they often imagine a collection of significant wealth. For this reason, many individuals in New York fail to create estate plans. The truth is, individuals who have families and any assets can benefit from creating wills and...
Do-it-yourself development of wills can be risky
People in New York may be tempted to try to handle estate planning on their own. This includes creating wills and other estate planning documents without legal assistance. However, engaging in do-it-yourself estate planning by simply downloading and printing out...
Creating wills a wise move for all adults
Many people in New York put estate planning on the back burner, as they do not view it as an immediate need. However, putting off the creation of wills and trusts is not a wise idea, as death can strike at any time. Here is a look at what estate planning involves...
Wills, trusts important for single parents to create
Estate planning is critical for all families, including single-parent families. Unfortunately, many of these families in New York and elsewhere fail to create wills or set up trusts. Here are some tips specifically for putting together trusts as part of...
Creating wills, other estate planning docs often misunderstood
Estate planning continues to be a greatly misunderstood process. Many individuals in New York and elsewhere decide to create financial plans but not estate plans for this very reason. Still, developing wills along with other estate planning documents is an important...
Wills are important even for those with small estates
People in New York often believe that estate planning is appropriate only for those who are wealthy. The truth is, though, that creating wills is a wise move even for those who may not have a lot of money in the bank. Here is a glimpse at how to start the estate...