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Your Lawyer For Life
Your Lawyer For Life
If you are writing an estate plan and you ask your beneficiaries what they expect, they may tell you that they assume the plan will be equal. For example, if you have two adult children, they may have long assumed that your estate would simply be split evenly between...
Much of estate planning revolves around leaving assets to singular beneficiaries. You may choose one person who gets the family home, another person who gets a vacation property, and a third who gets a small business. Family heirlooms like book collections or jewelry...
Successful business leaders occasionally list their companies for sale. Much like those selling their homes, business owners usually set a specific price. In some cases, they may receive multiple offers, leading to a bidding war. Those hoping to acquire an existing...
A home purchased with a mortgage is the collateral property for the loan. Until the homeowner pays the entirety of the loan back to the lender, they are at risk of foreclosure. People who miss four or more mortgage payments could face foreclosure proceedings in civil...
Adults who create an estate plan often don’t think about what will happen to their debts when they die. When this occurs, loved ones often wonder if they’re going to be responsible for having to pay those debts. In most cases, loved ones don’t have to pay the debts...
A medical power of attorney is a type of advance directive that you can use when making an estate plan. You may not know what the future holds, and a medical emergency could leave you incapacitated. By using a power of attorney to choose an agent, you select the...
When you start a business in New York, one of your first big choices is how to structure it. The most common options are sole proprietorships, partnerships, limited liability companies (LLCs) and corporations. Each type affects how you pay taxes, how much paperwork...
Families are often brought together in moments of joy, but the loss of a loved one can sometimes bring out tensions that were never visible before. The absence of clear direction can leave room for confusion, resentment and even lifelong rifts. On the other hand, when...
If you are starting up a business, you might be unsure about when -- or if -- you need to use contracts. You might even deal with others who insist you do not need to waste time drawing up one up, especially since you're still a small operation. Some people may even...
If you have a minor child, you need to choose a guardian for them when estate planning. This is the individual who will take care of your child if you are unable to, due to incapacitation or death. It’s important to pick someone who will raise your child like you...
