There’s a lot to know when estate planning. Unfortunately, it’s easy to be confused by information spread online. To help avoid mistakes, it can help to learn the truth about a few common estate planning myths: Myth 1: Heirs and beneficiaries are the same thing Fact:...
Estate Planning
Why do some perform estate planning tasks during the holidays?
The end-of-year holiday season brings families together to share their hopes and dreams of the future. It is a time of joy and togetherness that most remember fondly until the next family celebration. You may not realize this, but the holidays are an ideal time to...
Can you put digital purchases in an estate plan?
As technology continues to develop, more and more people acquire digital assets. For instance, someone in the 1980s may have had a massive collection of cassette tapes, records or video tapes. Someone in the 1990s may have had a collection of CDs and DVDs. But today,...
What happens when you die without a living will?
Before delving into what transpires when you pass away without a living will, it's essential to understand the significance of this legal document. A living will, also known as an advance healthcare directive, is a key tool for expressing your medical preferences when...
How personal debt can complicate the probate process
Probate court can be a frustration for the family members involved. The executor or personal representative of the estate needs to honor numerous responsibilities until they complete the probate process. Family members may have to wait months or sometimes longer than...
3 factors that may prolong or accelerate probate
When someone dies with a will, their heirs do not automatically assume ownership of the assets left to them. Well, at least in the eyes of the law. The deceased's estate must go through probate, the legal process of administering the estate, before assets are divided...
2 signs that it may be time to update a New York estate plan
People frequently consider estate planning to be a difficult or stressful process, which means that procrastination in re: planning is very common. Even when someone overcomes the inertia preventing them from putting together estate planning paperwork, they might then...
Important matters to consider for estate planning
An estate plan includes a will and other legal documents intended to protect your beneficiaries and property. There are important benefits to engaging in estate planning as soon as possible such as ensuring that beneficiaries have what they need and saving them the...
Can you sell a house while the estate is in probate?
Selling a house is often a stressful and complicated process, made more so when it comes to properties owned by estates in probate. During this period, the court oversees asset distribution, including real estate. Knowing what is involved in the probate process and...
Why a power of attorney isn’t restrictive
A power of attorney is an estate planning document that you can use to plan for the future. For instance, if you become incapacitated, someone needs to be able to make your financial decisions for you. They may also need to make your medical decisions, or at least...

