The holiday season is a time of reflection, gratitude, and generosity. It’s the perfect opportunity to consider how your estate planning can embody these values by supporting causes close to your heart. Incorporating charitable giving into your estate plan not only creates a meaningful legacy but also offers potential financial benefits for your loved ones […]
By Brian Figeroux, Esq. | Editorial credit: Vitalii Vodolazskyi / shutterstock.com Estate planning is the process of arranging how your assets, wealth, and personal wishes will be managed, transferred, or distributed after your death. In New York State (NYS), as in many other jurisdictions, proper estate planning ensures that your loved ones are protected, your […]
By Brian Figeroux, Esq. | Editorial Credit: Southworks/shutterstock.com Key Points of this Analysis Succession Planning: Users emphasize the importance of having a clear succession plan to ensure the business continues smoothly after the owner’s death. Valuation and Division: Estate planning professionals discuss methods for valuing and dividing business interests, particularly when some heirs are involved […]
By Brian Figeroux, Esq. | Editorial Credit: Prostock-studio / shutterstock.com Divorce proceedings can be emotionally charged and complex, even in seemingly straightforward cases like short-term marriages without children. When individuals pass away without having finalized a divorce, especially in cases where the marriage lasted less than three years, the implications on their estate can be significant. […]
By Brian Figeroux, Esq. | Editorial Credit: Prostock-studio / shutterstock.com Divorce proceedings can be emotionally and legally challenging, even in seemingly straightforward cases, such as short-term marriages with children. When an individual in New York State dies without having finalized a divorce, especially after a failed marriage lasting less than three years, the implications for […]
By Brian Figeroux, Esq. | Editorial Credit: Ragma Images / shutterstock.com A Transfer on Death Deed (TODD) is an estate planning tool that allows real property to pass directly to designated beneficiaries upon the death of the owner, without the need for probate. While TODDs are available in many states, New York currently does not […]