Fratello Law

Durable Power of Attorney in New York: Everything You Need to Know

A Durable Power of Attorney (DPOA) in New York is a vital legal document that empowers an individual, known as the principal, to authorize another person, referred to as the agent or attorney-in-fact, to handle their financial and legal affairs. This arrangement remains effective even if the principal becomes incapacitated,...

When Do I Need a Will? 5 Signs It’s Time to Plan

Understanding the Importance of Having a Will A will is a legal document that outlines how your assets and affairs should be managed and distributed after your death. It plays a pivotal role in estate planning, ensuring that your wishes are clearly communicated and legally binding. Key takeaway: Recognizing the...

Show Your Family Love This Valentine’s Day with an Estate Plan

Valentine's Day is often associated with romantic love, flowers, and chocolates. While these expressions of affection are wonderful, there's another meaningful way to show love to your family that goes beyond traditional celebrations. This Valentine's Day, consider giving the gift of security and peace of mind by creating an estate...

2024 Estate Tax Planning Update

As we usher in the new year, there are significant updates on the horizon that could impact your financial planning and wealth transfer strategies. One key area of interest for many is estate tax, commonly referred to as death tax. The Internal Revenue Service (IRS) and New York State’s Department...

Top 7 Considerations When Choosing an Executor

Choosing an executor for your will is an important decision that can greatly impact the administration of your estate after your passing. An executor is responsible for managing the distribution of your assets, paying off debts and taxes, and ensuring that your final wishes are carried out according to your...

Estate Planning: Navigating Milestones in Life

Life is an incredible journey filled with milestones that shape our personal and financial circumstances. As we progress through different stages, it becomes increasingly important to plan for the future and ensure the security and well-being of ourselves and our loved ones. Estate planning is a vital process that allows...

Protecting Personal Injury Settlements in New York

Receiving a personal injury settlement can be a lifeline for someone who has suffered serious harm due to another's negligence. The compensation can cover medical expenses, lost wages, and provide some sense of justice for the injured party. However, it is important to take steps to protect that settlement so...