Over the last two decades, digital assets have seen a surge in popularity. From a movie collection that people stream from cloud storage to an online store an individual has built from the ground up, these digital properties represent a significant portion of a...
Your Family's Goals Are
Year: 2021
Choosing a power of attorney and healthcare agent
As you get older, you may experience physical or cognitive difficulties that make it difficult for you to care for yourself and your finances. Fortunately, estate planning allows you to choose a power of attorney to make non-healthcare decisions and healthcare agent...
Making an effective estate plan
An effective estate plan can help avoid probate and reduce costs, delays, and taxes. Estate planning and the drafting of your will should also address the reality that life and work is performed online and deal with digital assets. Changing estates In the past, the...
New York power of attorney laws have been updated
Estate planning is a broad legal topic that covers many different tools to help individuals prepare for the future and the disposition of their assets at the time of their deaths. One important legal device that many New Yorkers include in their estate plans is a...
New York simplifies power of attorney forms
Much of the work of an estate planning attorney revolves around big, complex tools for protecting clients' assets and allowing them to leave a lasting legacy after they are gone. Still, one of the most important documents in estate planning is the humble power of...
Keeping your loved ones protected
The estate planning attorneys at Stefans Law Group tell their clients that a good plan needs to be updated every few years, or after major life events. Some people are a little taken aback when they hear this advice. They have just gone through all the work of...
Using a legacy trust to protect your wealth for your descendants
You have worked hard to accrue wealth over the course of your career. You want that wealth to benefit your children, grandchildren and beyond. But simply leaving the money to them in your will puts it in danger of dissipation. Each time one of your descendants gets a...
Taking shortcuts with estate planning?
Whether it is due to financial challenges, not realizing the importance of planning ahead, or simply wanting to put off the inevitable, many Americans are falling short when it comes to getting their house in order for the sake of the loved ones who will survive them....
Common misconceptions about estate planning
While many New Yorkers may have realized the importance of having an estate plan in place in the last year, few may have acted on their impulse to plan for the future. This is because there are some common misconceptions about estate planning: Estate planning is too...
Named as the executor of an estate – Now what?
Many Woodbury area residents have taken the time to set up an estate plan. Estate planning is important in order for a person to preserve their wealth and transfer it to the next generation. When a person makes an estate plan, they name an executor who has several...