Estate planning is a crucial aspect of ensuring the smooth transfer of assets and the preservation of family wealth. However, it’s often a difficult and sensitive topic to broach with a family member. In this article, we provide practical suggestions…
What is an Irrevocable Life Insurance Trust (ILIT)? An Irrevocable Life Insurance Trust (ILIT) is a special kind of trust you can set up to manage your life insurance policy. Once you create this trust, you can’t change or cancel…
In New York, estates and trusts play a critical role in ensuring the seamless transfer of assets to beneficiaries after an individual’s passing. However, it is vital for beneficiaries to know their rights and understand the legal framework surrounding these…
In New York, families often seek financial security and peace of mind for their loved ones with disabilities. Supplemental Needs Trusts (SNTs) provide a reliable means of ensuring that the financial needs of individuals with disabilities are met without jeopardizing…
Estate planning is an essential process that ensures your assets are protected and distributed according to your wishes after your passing. Here are 10 critical estate planning facts you need to understand to make informed decisions about your assets and…