Individuals in New York oftentimes understand how important it is to plan ahead financially for a rainy day. However, what happens if they were to pass away suddenly? Many people have no idea how to answer this question, as they have not engaged in estate planning....
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Wills
Creating wills — critical for adults of all ages
Putting together an estate plan might not seem like an essential task for young adults in New York. The reality, though, is that creating wills is critical for individuals both young and old. After all, tomorrow is not promised to anyone. Individuals who pass...
Wills play critical role in protecting assets long term
Thinking about death turns many individuals off from engaging in estate planning. However, creating wills and other estate planning documents is critical for ensuring that one's assets are protected long term. Here is a glimpse at what the process of creating a...
Research shows that most people have not created wills
People in New York generally do not feel comfortable talking about death. For this reason, many people -- both old and young -- still have not created wills. However, producing wills and other estate planning documents is critical for ensuring that one's assets will...
Wills determine where people’s assets go after they have died
Creating an estate plan may understandably not be high on a person's to-do list in New York. After all, people naturally prefer not to talk about the possibility of death. Nonetheless, putting together wills is absolutely critical for ensuring that one's property...
Reviewing wills regularly is wise for asset owners
A specific rule does not exist regarding how often an asset owner in New York should take a look at his or her estate plan. However, some basic guidelines exist for reviewing wills and other estate planning documents. Here is a glimpse at them. Asset owners...
Drafting wills can help with protecting assets long term
Discussing the possibility of death typically is not something people feel comfortable doing in New York and elsewhere. However, death is unavoidable, so it only makes sense to prepare for it by engaging in estate planning, which includes drafting wills. Here is a...
Wills, trusts help to protect heirs in future
Many people dread the idea of producing an estate plan. After all, thinking about the unavoidability of death generally is not a pleasant experience. However, creating wills or trusts is a wise move for individuals in New York. The will is a basic and essential...
Common hurdles to creating wills and how to overcome them
Estate planning is oftentimes a neglected task in today's busy society. However, anyone in New York and elsewhere who owns assets can benefit from putting together wills or trusts. Here are a couple of hurdles that keep people from creating estate plans and how...
Digital assets important to address in wills, trusts
When asset owners in New York think about their valuables, they often focus on tangible items, such as paintings and cash. However, digital assets are also important assets to take into consideration during the estate planning process, which may include creating wills...