Protecting the legacy you have built is a priority for every family in Western New York. Whether you have recently started a family in your late twenties or are beginning to look toward retirement in your sixties, a comprehensive estate plan is the only way to ensure...
Today, more of our lives are stored online than ever before. From bank accounts and investment platforms to social media and digital photo albums, these assets hold both financial and sentimental value. Yet, many families overlook digital assets when creating an...
Have you considered what will happen to your assets if something unexpected occurs? Will your assets be distributed according to your wishes? Will the heirs fight because your wishes are not clearly stated? While these questions may be uncomfortable, developing...
Estate and Trust planning is an important yet often overlooked aspect of your overall financial plan. Proper Estate and Trust planning should synchronize with your financial plan. Failure to align these plans can lead to unintended and even catastrophic results. Here...
Even when people save aggressively for retirement, their resources may not be enough if they have unusual expenses. When older adults need long-term care later in life, the cost of their support could amount to thousands of dollars per month. Despite what people often...
Losing a parent or other close family member has a way of triggering intense disputes among those who are grieving that person's passing. The death of a parent, for example, could do serious damage to the relationships among their surviving children. If one child of...
Many people who are widowed or divorced name an adult child to be the executor of their estate. While some name all of their children, parents often think this will cause conflict. Of course, choosing one child over the others can also cause conflict and resentment if...
When someone creates an estate plan, they usually designate someone to be their executor. That’s the person who is entrusted with the duty of making sure that their final wishes are followed and their estate is properly settled. An executor has a “fiduciary duty,” or...
A diagnosis of Alzheimer’s disease or other form of dementia can be devastating and frightening for the affected patient and for their loved ones – even if the diagnosis itself is not particularly surprising. If your parent has recently been diagnosed with a...
Those who put together an estate plan in New York typically want to provide something meaningful for the people closest to them. For example, many adults in New York wish to enrich the lives of their children and provide a final, meaningful memory for their children...
