If all you needed for estate planning was a document, you could grab a will from Staples or download a form online. But estate planning isn’t about paperwork—it’s about protecting your family, your assets, and your legacy.rnrnThe Difference Between Documents and a Real Plan
Reena Gulati Blog
Blended families bring love and connection but also introduce unique challenges when it comes to estate planning. If you have children from a previous relationship and want to ensure they receive their rightful inheritance, strategic planning is essential. Without a well-crafted estate plan, assets may not be distributed as you intended, potentially leading to disputes and legal complications.
Many New York residents believe that irrevocable trusts cannot be modified or terminated. However, New York State law provides several methods to address trusts that no longer serve their intended purpose or have become administratively burdensome.
The Corporate Transparency Act (CTA), enacted in 2021, marks a significant shift in corporate transparency requirements for small businesses in the United States. This law aims to combat money laundering, tax fraud, and other illicit activities by requiring companies to disclose their beneficial owners to the Financial Crimes Enforcement Network (FinCEN).
Inheriting property can be complex, especially when the beneficiary is a minor. In New York, the legal challenges that arise when a minor child inadvertently inherits a deceased parent's property are significant. Understanding these challenges and how to address them is crucial to ensuring the minor’s interests are protected and the property is managed effectively.
