- What’s the Difference Between Administrator & Executor of Estate?
July 12, 2022
Administrators and executors of the estate, assets, or trust of a decedent (that is, a person who has passed away) perform the same duties with respect to the will, trust, or estate that they are charged with caring for. The key difference between the two comes down to how the administrator or executor is appointed. […]
- What Is a Proprietary Lease?
July 11, 2022
A proprietary lease is a complex yet common agreement between the tenants or residents of a cooperative building (a co-op) and the cooperative corporation managing and running the building. Co-ops are highly common in New York City, but living in a co-op is different from living as a tenant, resident, or owner of your own […]
- Surviving Spouse Needs An Estate Plan
July 10, 2022
“If there ever comes a day when we can’t be together, keep me in your heart. I’ll stay there forever.” A.A. Milne “The boundaries which divide Life from Death are at best shadowy and vague. Who shall say where the one ends, and where the other begins?” Edgar Allan Poe When one spouse dies after […]
- Life Insurance for Elders?
July 09, 2022
Life Insurance for Elders? Should you continue to keep the policy, asks the Milford Beacon in the article “Should you keep your life insurance?” For term insurance, the answer is fairly straightforward. If the need for the death benefit is done, like paying off a mortgage or being able to pay for the kid’s college […]
- Are You Retiring? Here’s What You Need to Know
June 24, 2022
“The joy of retirement comes in those everyday pursuits that embrace the joy of life; to experience daily the freedom to invest one’s life-long knowledge for the betterment of others; and, to allocate time to pursuits that only received, in years of working, a fleeting moment.” Byron Pulsifer “Age is an issue of mind over […]
- Why Do Even the Middle Class Need Estate Planning?
June 16, 2022
When it comes to estate planning, you may think that you don’t have the wealth that would require you to engage in extensive estate planning. If you have a will, you might think that’s good enough. Forbes’ recent article, “Why Estate Planners Aren’t Just for the Ultra-Rich,” says that nothing could be further from the […]
- Is it Wise to Have Three Grown Children Named Co-Executors of Your Will?
June 01, 2022
“It is not what you do for your children, but what you have taught them to do for themselves that will make them successful human beings.” Ann Landers “There are only two lasting bequests we hope to give our children. One of these is roots, the other, wings.” Johann Wolfgang von Goethe Is it a good idea […]
- Why Do I Need an Executor?
February 17, 2022
What would happen if someone you were close to, asked you to be their Executor? Would you be honored, or would you be uncomfortable with the responsibility? What do you need to do, when do you need to handle these tasks and how much time will it take? These are the questions often asked about the role […]
- What Will My Social Security Benefits Be?
February 17, 2022
Your Social Security benefits in retirement are primarily dependent on the wages you get while working. The Social Security taxes deducted from your paycheck are based on that amount. If you’re still working and at retirement age, you can get benefits while earning other income. And depending on your age, you can also decrease and […]
- What If My Beneficiary Isn’t Ready to Handle an Inheritance?
February 17, 2022
“There are only two ways to live your life. One is as though nothing is a miracle. The other is as though everything is a miracle.” Albert Einstein “The old who have died live on in the young ones. Don’t you feel this now in your bereavement, when you look at your children?” Albert Einstein […]
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