Why a wealth transfer is often deemed a failure
For individuals or couples who have been fortunate enough to amass a considerable amount of wealth, the question of how to transfer all or a …
Spouses advised to take active role in the estate planning process
In many marriages, each spouse fulfills a certain role and takes on certain responsibilities. This is often especially true when it comes to financial matters. …
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When a loved one dies, who bears the responsibility for his or her debts?
Based on figures obtained from several reputable banking and financial sources, the average credit card holder has nearly $8,000 in revolving debt, while those individuals …
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Don’t let an inheritance windfall be your downfall
According to Investment News, during the next three decades, baby boomers will pass along an estimated $30 trillion in wealth to their heirs, via inheritance. …
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Empowering clients to remain in control during the retirement years
In life, there are things that we all know we should do. Exercise, eat healthy and budget wisely are things that we know have inherent …
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Making long-term care plans for your loved one with special needs
Just about every parent wants what’s best for their child and would do just about anything to make sure that their child is happy and …
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Keeping it in the family—the importance of business succession planning
For a business owner, a company is often regarded much like another child. This makes perfect sense when you consider the amount of time, attention …
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Advanced directives allow you to clarify your wishes regarding finances and health care
You might assume that your family will know your wishes in the event that you become unable to make financial and medical decisions on your …
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The many benefits of incorporating charitable donations into an estate plan
We often hear about philanthropy endeavors and sizable charitable donations of billionaires like Bill Gates, Warren Buffet and Mark Zuckerberg. While there’s no diminishing the …
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Many high-net individuals do not have estate administration plans
Estate plans are for people of all income levels. However, it is particularly important for high-net-worth people to make estate administration plans in New York. …
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