Are TOD Deeds Too Good to Be True? We briefly explore the perceived benefits versus the possible drawbacks.
TOD Deeds – Too Good to Be True?
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Estate Planning
Should you include your copyright in your estate plan?
If you have a copyrighted work, then it is important that you understand what happens to it when you die. You get copyright protection automatically once you make your work public, so even if you did not register, you still own the copyright. If your work makes money,...
When does it make sense to contest a will?
It’s never easy to know that a beloved family member, maybe even a parent, left you out of their will. You even may wonder if you should contest your loved one’s will to get your share. However, you can’t contest a will just because you don’t like its terms....
3 things to consider when making an estate plan
Your estate plan can help your family members handle your final affairs while they are still healing from their grief over losing you. Drafting your estate plan now insures it is in place before anything happens to prevent you from carrying out your intentions. You...
Your will must meet New York requirements if you are a resident
When you decide that you want to get your estate plan together, you have to think about several options for getting everything set the way you want it. These can include power of attorney documents, trusts, a living will and a will. When it comes to the will that sets...
How to alter your estate plan after divorce
Once you make the final decision to proceed with the divorce process, it's important to turn your attention to your estate plan. If you neglect to make the necessary changes soon enough, it could impact you and your loved ones in the future. Here are some of the many...
Benefits of discussing estate planning with your parents
While you hope your parents have an estate plan in place, there's no way of knowing for sure. This is why it's important to offer your assistance at various stages of their life. However, even though you want to discuss estate planning with your parents, it's easier...
These estate planning mistakes can cost you and your loved ones
Creating an estate plan is every bit as challenging as it sounds since you have so many important decisions to make. Furthermore, the decisions you make now will affect your loved ones in the future. There are a variety of estate planning mistakes that can cost you...
Plan now for future care
When creating an estate plan, it's easy to focus the majority of your time on your assets, and who will receive them upon your death. While this is important on many levels, there are other aspects of the estate planning process that require your attention. For...
When are estate tax filings required?
There are two main types of estate taxes estates here in New York could potentially be subject to upon a person’s death. One is the state estate tax, as New York is among the states that has its own such tax. The other is the federal estate tax. When a person...
