A durable power of attorney for finances is a crucial yet often overlooked document in personal finance and estate planning. Essentially, it grants someone you trust the authority to manage your financial affairs if you cannot do so yourself due to illness, disability, or absence. Despite its importance, many individuals are unaware of its significance […]
Originally published on willsandestates.nyc Bringing a new life into the world is a joyous occasion filled with excitement and anticipation. Amidst the preparations for your baby’s arrival, it’s crucial to consider the future and take steps to protect your growing family’s well-being. Estate planning, often overlooked in the hustle of daily life, becomes particularly important […]
Estate planning, often overlooked until it’s too late, is a crucial aspect of financial management. It’s a responsible action that ensures your wishes are effectively carried out. Among the essential tools in estate planning is the Power of Attorney (POA). This legal document grants someone the authority to act on your behalf in various financial […]
Originally published on willsandestates.nyc. The term “estate planning” often brings to mind images of wealthy individuals dividing vast fortunes among heirs. However, this is a misconception. Estate planning is not just for the affluent. It’s a vital process for anyone who wants to ensure their wishes are fulfilled, and their loved ones are provided for […]
A well-organized estate plan is a gift that extends far beyond material possessions; it’s a legacy of care and consideration for loved ones left behind. While the topic may seem daunting or even morbid to some, the peace of mind that comes with knowing your affairs are in order is invaluable. In this article, we’ll explore […]
Originally published on willsandestates.nyc. When it comes to securing your future with a life partner, marriage often triggers specific legal protections and benefits, including rights to inheritance and decision-making in cases of medical emergencies. However, for couples who are unmarried—whether by choice or circumstance—the lack of a formal union can create significant legal gaps in […]
Originally published on willsandestate.nyc. As April unfolds, it brings Stress Awareness Month, a poignant reminder of the significance of managing stress across all facets of life. Amidst the myriad of stressors individuals face daily, estate planning and elder law matters stand out as areas where stress can become particularly overwhelming. The complexities inherent in these […]
Before you can become familiar with estate planning, it’s imperative to understand the concept of an estate. Consider everything you own, including your car, home, bank accounts, and even personal possessions. Your estate consists of everything that is legally yours. When you’re gone, it is in your family’s best interest that you have delegated where […]
While the death of a loved one is a sad and difficult matter to discuss, the nature of this disease has left many in our community without knowing the steps they must take once a family member has passed away. Here is some advice from the office of Catalina Cruz, New York State Assemblywoman, 39th […]
By Lisa Steadwell I grew up with my grandmother from the age of 6. She stepped into my life when my mother suffered a mental breakdown and was ultimately institutionalized. Both my brother (currently deceased) and I were going to be handed over to the foster care system if she didn’t. To date, I am […]