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Many families enjoy giving financial gifts to their children or grandchildren during the holidays. Whether it’s helping with education, starting a savings fund, or simply sharing some year-end generosity, it’s important to understand how these gifts fit into your overall estate and tax planning.

As our lives become more connected to technology, planning for digital property has become just as important as planning for tangible assets.

Minors cannot be left assets outright in New York. Minor beneficiaries must inherit in trust. If a minor inherits outright, a guardian must be appointed by the Surrogate's Court.

Many people think that once they sign a will or a trust, all of their assets will follow those instructions. The truth is that certain accounts do not go by what your will says.

MOLST forms and DNRs should be a topic of discussion when considering your advance directives, but it’s crucial to note that they are not legal documents.

As a legal adult, no other person, including your parents, can make health care decisions or manage money for you without the right legal documents in place.

With the busy lives of a young family, planning for a scenario that might never happen may be at the bottom of the to-do list, but no one knows what odds they are up against.

A timeshare is an asset, like any other – and if you own one, you should consider implementing an estate plan that considers and protects it.

While a life estate deed is one of the tools in the estate planner’s belt, it is not the answer for everyone. As with any planning, the best option will depend on the goals, concerns and people involved.

Leaving instructions in your estate planning documents on how a seasonal property will continue to be used and/or owned after your death, can prevent friction amongst family members and ensure your investment can be enjoyed for decades to come.