Estate planning in New York is often placed on the back burner when it comes to tackling daily responsibilities. However, creating wills and other estate plan documents is critical for protecting one's assets long term. A few tips may help with navigating the estate...
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Wills
Wills among important estate plan components
Those who are not necessarily well-to do-in New York may not see the need for engaging in estate planning. However, wills are essential no matter what one's net worth is. Other estate planning documents are also important to include in a comprehensive plan. Even those...
Wills, trusts needed for the not-so-rich and not-so-famous, too
A common misconception is that estate planning in New York is only for those who are famous and rich. The truth is that all individuals who have assets may benefit from creating wills that explain how these possessions are to be distributed when they pass away. Such...
Wills important even for small estates
Many individuals in New York feel that a will is not necessary in their individual situations since they do not have estates. However, anyone who owns something that he or she values and would like to pass on to someone else when he or she dies is technically an...
Steps may help to prevent wills from being challenged
Oftentimes, creating an estate plan is not high on the priority list for asset owners in New York, whose other life responsibilities typically take center stage. However, creating wills is essential for protecting one's assets in the long run. A common concern,...
Wills one of several important documents in estate plan
Thinking about the possibility of death is not exactly a joyous process for many individuals. This is partly why many have failed to create wills and other estate planning documents. However, creating an estate plan is paramount for anyone who has assets, no matter...
Death is inevitable, so wills are important
The thought of dying is not generally a comforting thought, which is why estate planning is often placed on the back burner of people's busy agendas in New York. However, the truth is that death is inevitable. Thus, it simply makes sense to put together wills and...
Wills important not just for the wealthy
A common myth related to estate planning in New York and elsewhere is that it applies only to asset owners who are wealthy. However, the truth is that creating wills can be beneficial for asset owners of all levels of wealth. Unfortunately, the majority of Americans...
Wills important for naming guardians for minors
Parents with young children in New York are often caught up in their day-to-day routines and thus fail to take time to engage in estate planning. However, without wills, they cannot guarantee that their wishes for their minor children will be upheld in the event that...
Wills important for those of all income levels
Having an estate plan in place is critical for individuals of all levels of net worth in New York. After all, wills -- important components of many estate plans -- specify how various assets will be distributed when the testator passes away. Thus, anyone with assets...