In the Digital Age, estate planning has taken on a new dimension. Beyond tangible possessions, it's crucial to consider digital assets in your estate plan. From sentimental memories to financial information, the online world holds a treasure trove of valuable content...
Proudly Serving the Hudson River Valley Community for Over 30 Years
Estate Planning
Preparing your kids to take over the family business one day
Starting a family business is a significant achievement, but overseeing its continuity requires careful planning and preparation. As a business owner, you may have dreams of passing on your legacy to your children and seeing them thrive in their entrepreneurial...
Is growing inflation a motivation to pursue estate planning?
Caring.com recently conducted its 2023 survey. The findings revealed participants’ concerns over inflation near or at the top of the primary motivation to move forward with an estate plan due to their perception of current economic conditions. Conversely, the most...
How do I include digital assets in my estate plan?
Those who are savvy with their financial planning know the benefits of an estate plan. Not only does it help guide our assets when we pass, but it also serves as a valuable opportunity to discuss how we currently manage our assets. These days, the term “assets” means...
Finding the right power of attorney
In your estate plan, you’ll work out many crucial details to ensure your assets are given a new home after you pass away. Of course, you’ll itemize your assets, plan your funeral arrangements and designate an executor of the estate - all of which prepare for what...
3 important estate planning documents for new parents
Most aspects of your life will change dramatically when you have children, and your estate plan is no exception. You will need to make significant changes to the documents you already have or finally make the effort to create an estate plan if you have procrastinated...
Why a good estate plan looks at your future, not just your death
Every adult could benefit in some way from the creation of an estate plan. Unfortunately, many people fall into one of two common estate planning traps. They procrastinate for so long that an emergency arises before they create documents or they only create protective...
Do you need to talk to your loved ones about your estate plan?
If you are designing an estate plan, one of the things you need to do is to talk to those in your life about it. For example, if you have decided who you’d like to have as your health care power of attorney or financial power of attorney, that person (or those people)...
Early planning pays off as you age
As a part of your estate plan, something you may want to do is to look into long-term care planning. Long-term care planning gives you the opportunity to think about the situations you may run into as you age and take steps to make sure your wishes are known and be...
3 kinds of taxes that executors must handle for an estate
When someone dies, they will usually have some leftover financial obligations for their loved ones or the executor of their estate to address. An executor has a responsibility to fulfill the remaining obligations of a deceased individual. This responsibility applies...