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The division of property in a New York Divorce is governed by the Equitable Distribution. Dividing property is not a 50/50 split, its based on what the court considers fair, and changes based on various factors. This video discusses these issues and some of the considerations involved.

What is a New York Health Care Proxy and Living Will? These are essential documents that can empower agents to assist with medical decisions when you cannot make those decisions for yourself. They are an essential part of any estate plan.

A prenuptial agreement is not just for the rich and famous. Its a great way to secure and protect assets acquired prior to a marriage, and to provide a roadmap for what happens should you get divorced.

Our Estate Planning Process involves various steps, from the education gained at the Workshop, to the Vision Meeting where your goals are discussed, to the Design Meeting, where your plan comes into shape, to the signing meeting, where it becomes official, and the funding review meeting, where your plan is integrated to make it effective.

Dive into the world of prenuptial and postnuptial agreements with our engaging video that outlines their importance in safeguarding your financial interests. Learn about the benefits of these legal tools, how they work, and when to consider them. Empower yourself with knowledge to navigate complex relationship dynamics confidently. Ready to protect what's yours? Click play now!

Understanding capital gains taxes is crucial for investors and individuals selling valuable assets. Capital gains tax is imposed on the profit from the sale of a property or an investment. The tax applies when you sell an asset for more than its original purchase price. There are two types of capital gains: short-term and long-term. Short-term capital gains, from assets held for one year or les...

When planning an estate, it’s important to address several tax issues to ensure a smooth asset transition and minimize liabilities: 1. Estate Taxes: Federal estate tax applies to estates above a certain value. Understanding exemption limits and rates is crucial. 2. Gift Taxes: Lifetime gifts may incur taxes. Utilize annual exclusions and lifetime exemptions strategically. 3. Income Taxes: Inher...

When you move to a different state, it's crucial to update your estate plan to comply with the new state’s laws and ensure your wishes are honored. Here are the steps you should take: Review State Laws: Estate planning laws, including wills, trusts, and probate procedures, vary by state. Familiarize yourself with your new state’s laws to understand necessary adjustments. Update Your Will: Ensur...

Wondering how long your estate plan is effective and when you need to update it? This video explains the importance of regularly reviewing and updating your estate plan to ensure it remains relevant and effective. Key Points Covered: Effectiveness of an Estate Plan: Understand how long your estate plan stays valid and the factors that can impact its relevance. When to Update Your Estate Plan: L...

A codicil is a legal document that modifies, amends, or revokes provisions in an existing will. It allows individuals to make changes to their will without needing to rewrite the entire document. Codicils can be used to update various aspects of a will, such as: Adding or Removing Beneficiaries: Include new beneficiaries or remove existing ones. Changing Executors: Appoint a new executor or rep...

Do-it-yourself (DIY) estate planning can be an appealing option for those looking to save money and maintain control over their plans. However, it also comes with significant drawbacks. Here are the key benefits and negatives of DIY estate planning: Benefits of DIY Estate Planning: 1. Cost Savings: Avoid the fees associated with hiring an estate planning attorney. 2. Convenience: Online tools a...

A life estate deed is a powerful tool in estate planning that allows an individual to transfer property to another person while retaining the right to use and occupy it for the duration of their life. By creating a life estate, the property will pass automatically to the designated heirs upon the death of the life tenant, thus avoiding probate. This can be an attractive option for individuals w...

Choosing an attorney to prepare your estate plan is a critical decision that can have lasting implications for your assets and beneficiaries. Look for an attorney who specializes in estate planning and has experience creating trusts to protect your assets from potential legal challenges or taxation issues. Consider seeking referrals from trusted sources such as financial advisors or friends who...

When selecting fiduciaries for your estate plan, it is crucial to consider the complexity of the role and the responsibilities involved. It's not just about finding someone you trust, but also someone who has the knowledge and expertise to manage your assets effectively. Consider appointing a professional trustee or executor if your assets are extensive or if you foresee potential conflicts amo...

Choosing the right trustee, executor, or guardian.

The importance of a will when preparing a trust

The importance of funding your trust plan

How do you challenge-proof your estate?

When can you challenge an estate?

Dividing your estate per stirpes.

How do you take care of your beneficiaries?

Changing your name after divorce

How long does an uncontested divorce take?

What is a disclaimer?

Medical information you need to know when planning an estate

Right of disposition

What is an administrator?

Do I tell people about my estate plan?

What is a pet trust?