When thinking about estate planning, many people focus on their financial assets, real estate, and possessions. Yet, one crucial aspect often overlooked is planning for the disposition of remains. While it might be an uncomfortable topic, taking the time to make these arrangements now can significantly reduce stress and confusion...
Can I Sell a Home in an Irrevocable Trust in New York?
Estate planning brings countless questions, especially when it comes to protecting your most valuable asset—your home. For families on Long Island considering irrevocable trusts, one common concern is, “Can I sell a home that’s part of an irrevocable trust in New York?” The short answer is yes, but the process...
Do Trustees Get Paid? A Guide for Estate Planning Clients
When setting up a trust, one common question people ask is, “Do trustees get paid?” The short answer is yes—but how much they get paid and how it is determined depends on various factors. Whether you’re appointing someone as a trustee or considering serving as one yourself, it’s important to...
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...