| Read Time: 4 minutes | Elder Law

6 Ways To Lower Retirement Savings Tax Issues

In an effort to move into retirement with as many issues settled as possible, it is necessary to address decreasing retirement savings tax issues. Taking steps in this regard will aid in having a more pleasurable and lucrative retirement. Here are 6 ways to lower your retirement savings tax issues. Tip 1: Have a Retirement Date Goal For retirement...

Continue Reading

| Read Time: 4 minutes | Estate Planning

Here’s Why Single People Need Estate Planning Too

A common misconception is that estate planning is only for the wealthy, the elderly, and married couples with kids. In fact, estate planning is for everyone—even single people. Arguably, estate planning for a single person is more important because there is no spouse, the most natural inheritor of an estate. It is imperative that a single person specify who...

Continue Reading

| Read Time: 4 minutes | Elder Law

How To Become an Administrator of an Estate In New York

If you want to become an administrator of an estate in New York, you will need to comply with certain rules and procedures. Although these rules can be confusing, New York probate attorney Andrew Lamkin can help you navigate the maze. It is important to understand the distinction between “executor” and “administrator” in New York, however, because not all...

Continue Reading

| Read Time: 4 minutes | Estate Planning

A Family Affair: Estate Planning Is Important and You Need to Tell Your Kids

It is virtually impossible to overestimate the importance of estate planning, because estate planning is a family affair. The execution of your estate plan might begin while you are still living. You might become incapacitated (unable to make decisions or to communicate them) years before you die, for example. In any case, executing your estate plan is going to...

Continue Reading

| Read Time: 4 minutes | Probate

How Does COVID-19 Delay the Probate Process?

Since March 2020, probate courts across the United States have slowed down or even suspended probate cases out of concern for public health and safety. New York is no exception to this widespread trend. Even when courts resume their previous pace, however, a large backlog of cases will take quite some time to resolve. Fortunately, the Law Office of...

Continue Reading

| Read Time: 4 minutes | Elder Law

Tips and Strategies in Protecting Your Family Home For Future Generations

There are many reasons you might wish to keep your home in the family after you die—like an heirloom, for example, or to provide a fallback residence for your children in case of financial difficulties. Regardless of your reasons, there are a number of ways to protect your family’s home after you die. Although each method has its pros...

Continue Reading

| Read Time: 5 minutes | Elder Law

Retirement Checklist: Items You Must Not Forget

The ongoing retirement of the Baby Boomers is marking one of the greatest demographic transitions in US history. If you are looking toward retirement a few years down the road, or even longer than that, there are certain preparations you need to start making now. Some of these are obvious, while others are less so. Below is a general...

Continue Reading

| Read Time: 4 minutes | Probate

What Happens to Digital Assets After Death?

The digital revolution, by moving information from paper to digital form, has saved countless forests from destruction. It has also created quite a bit of wealth in the form of digital assets. Most people own some form of digital assets, even if their value is relatively difficult to quantify. Some common examples of digital assets include: Digital photographs, Videos,...

Continue Reading

| Read Time: 4 minutes | Probate

What Happens During a Probate Process? Steps and Guide

Probate is the process of distributing your assets after you die. Depending on the details of the estate, the probate process will be relatively complex or relatively simple. In many cases, especially with large estates, the process is far too complex to manage without the assistance of an experienced probate legal practitioner. Following is an overview of the basic...

Continue Reading

| Read Time: 4 minutes | Elder Law

Elder Planning: It’s Never Too Early or Too Late

Most people have a general idea of what estate planning is. Fewer, however, are familiar with the concept of elder planning. In a nutshell, estate planning is concerned with what happens to your assets after you die, while elder planning includes both estate planning and planning for what happens to your assets before you die. Ultimately, elder planning is...

Continue Reading