In general, men usually pass away sooner than women do. Since women live longer and might not have made as much money over the course of their lifetimes, they have unique needs when it comes to creating wills and other estate planning documents. A few tips may help...
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Wills
Wills, other documents important parts of estate plan
Upon hearing the term estate planning, many residents of New York may automatically think about putting together a will. However, wills generally do not have much to do with those creating them; they are really about planning for other people, such as fellow loved...
Creating wills especially important following divorce
Creating an estate plan is often low on the priority list for many today. However, creating wills and other estate planning documents is essential, especially for those who are divorced. A few tips may help with putting together effective comprehensive estate plans in...
Wills important for non-married couples, too
Many Americans, including those in New York, are deciding to cohabitate rather than getting married. Reasons for cohabitation include the need to share expenses or the lack of desire to get married -- or remarried. However, just as married couples benefit from putting...
Wills are important for everyone to have
For many asset owners in New York and elsewhere, estate planning seems to be something that only the wealthy need to complete. It is true that most individuals do not leave multi-million-dollar sums of money to their loved ones when they pass away. Still, creating...
Wills and beneficiary designations important in estate planning
The estate tax exemption at the federal level today is more than five million dollars. Thus, the tendency in New York and other estates is to think that estate planning is not a concern for those who are not wealthy. The truth is that creating wills and updating...
Wills important to more than just the extremely wealthy
In the minds of many in New York, estate planning is necessary only for those who are extremely wealthy. However, creating wills is invaluable for anyone with an asset or loved ones. For instance, estate plans are relevant to those who own homes, have grandchildren or...
Wills important for young adults, too
Those in New York who are young, whether they ae single or married, often do not give much thought to estate planning. After all, they naturally feel as though they will live long lives, so creating wills is not an immediate concern. However, estate planning is an...
Digital assets can be included in wills
When someone in New York passes away with no will, the state will determine how the person's assets will be distributed. However, the majority of courts have not created rules regarding the distribution of digital assets, including social network accounts and/or email...
Wills important for passing down family businesses, properties
Passing down an important asset, such as a property or business, can be an emotional and complicated journey. For this reason, many families try to steer clear of discussions about wills. However, estate planning is still an important topic to address as part of...

