August is National Make a Will Month, a crucial time to address a fundamental aspect of estate planning that many people overlook: creating a will. A will is a legal document that outlines how your assets will be distributed after your death, ensuring that your wishes are honored and your loved ones...
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Read more at www.askthelawyer.us. To read the complete analysis in our publication, click here, and on our wills & estates blog, click here. The Affordable Care Act (ACA), commonly known as Obamacare, was enacted in 2010 with the goal of increasing healthcare coverage and affordability for milli...
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Maintaining an up-to-date estate plan in personal finance and legal planning is crucial for ensuring your assets are managed and distributed according to your wishes. But how often should you review and update your estate plan? In this article, we delve into why updating your estate plan might be ne...
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Estate planning is critical to ensuring that your assets are distributed according to your wishes after your passing. However, it’s not just about drafting a will or establishing trusts—practical organization is crucial in making the process smoother for your loved ones. By organizing your documents...
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Read more at www.askthelawyer.us. To read the complete analysis in our publication, click here, and on our wills & estates blog, click here. By Brian Figeroux, Esq. Legal planning is an essential, though often overlooked, responsibility for parents. Whether you are in a traditional family struc...
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Benjamin Franklin once remarked, “Nothing in this world is certain except death and taxes.” This timeless quote holds particularly true in the realm of co-ops and condos, where the death of a shareholder or unit owner can have significant implications for the building or association. Bey...
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New York Attorney General Letitia James. Editorial credit: lev radin / Shutterstock.com By Brian Figeroux, Esq. Recently, New York Attorney General Letitia James announced enacting a new law establishing deed theft as a crime and expanding the Office of the Attorney General’s (OAG) ability to ...
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A durable power of attorney for finances is a crucial yet often overlooked document in personal finance and estate planning. Essentially, it grants someone you trust the authority to manage your financial affairs if you cannot do so yourself due to illness, disability, or absence. Despite its import...
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Estate planning is not just about drafting legal documents; it’s about securing your legacy and ensuring your loved ones are taken care of when you can no longer do so yourself. By taking proactive steps today, you can navigate potential threats that could compromise your estate plan and jeopa...
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Creating a will is a crucial step in planning your estate and ensuring that your wishes are respected after your passing. There are several types of wills to consider, each serving different purposes and providing varying levels of complexity and specificity. Here, we will explore the four basic typ...
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