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Probate is a word that conjures both confusion and concern in New York residents. Though most individuals understand that probate has to do with what happens to a person's possessions after they die, many individuals do not have a deeper understanding beyond that...
In New York State, people who have prepared for the future by creating an estate plan often make the mistake of leaving it as is despite life changes. The birth of a grandchild, different financial circumstances, divorce, remarriage – all can create urgency to alter...
Many Buffalo residents have been told that filing for bankruptcy can offer protection from a person’s creditors, but very few understand how this protection is created. The short answer is the “automatic stay,” a provision of the United States Bankruptcy Code that...
Sound estate planning gives you a lot of control over your assets long after your gone. But estate planning isn’t just limited to who receives your assets. You can also utilize estate planning tools to try to control the behavior of your loved ones or motivate them...
Your parents took care of you when you were young, and now as they age you find yourself in a position where you need to take care of them. Sometimes this can be done at home for a while, but for many in Williamsville, the best choice is to put your elderly parent in...
A significant portion of Americans will require long-term care of some sort in their lifetime. This care can be incredibly expensive. While you might be able to afford it, paying for it out of your own pocket can severely decrease your estate, which means that your...
If your parents are aging then you might be concerned about their plans for the future of their care and their estate. It’s not an easy topic to bring up with your parents, though. You don’t want to give off an air of impropriety and you certainly don’t want to make...
Property division in New York follows equitable property division guidelines. As divorcing couples enter the property division process, they should know how equitable property division works and what that may look like for their property division settlement agreement....
For a number of reasons, many residents of the Buffalo area may run into serious financial problems. Recent statistics from the United States Bureau of Labor Statistics show that the employment rate hovers around 7.5% in Buffalo, meaning more than 1 out of 20...
Trusts are a popular estate planning vehicle for many in New York. They allow a person to pass their assets on to their heirs, with contingencies if they wish. In addition, trusts remain private and assets in a trust bypass probate -- an otherwise costly,...
