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The Estate Planning and Elder Law Group

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HomeAssets

Posts in category: Assets

Home sales agents and buyers work on signing new homes and shaking hands.

What Is a Deathbed Gift?

November 15, 2022
by SM_Blog AssetsEstate PlanningProbate

There are many reasons why someone might not think about estate planning or take proactive steps to support estate planning in New York. Unfortunately, failing to plan makes it difficult to ensure that your wishes are honored. A sudden diagnosis or accide

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Magnifying glass on financial report

How To Assemble a List of Debts for Your Estate Planning

February 15, 2022
by SM_Blog AssetsDebtEstate Planning

It will fall to your personal representative or your executor to gather all of the assets inside your estate and compare them with any debts or claims from creditors. This information is used to process your estate administration as your estate goes throu

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Retirement planning and family investment concept with wealthy tree growing on parent -children's hands

Do I Have to Leave Something to My Kids and Spouse in New York?

November 15, 2021
by SM_Blog AssetsEstate Planning

In general, you’re able to leave assets to who you want in your estate plan. However, there are some exceptions to this in certain states when it comes to immediate family members like a spouse or children. You’ll need to discuss your estate planning arra

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IRA ROTH 401K

Which of My Accounts Need Beneficiary Designations?

January 5, 2021
by SM_Blog AssetsEstate Planning

Your will is the basic document in which you can name who you want to become guardian of your minor children and who you'd like to receive assets inside your estate. However, a will does not encompass all of the different assets in your estate and therefo

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