Salon Marrow Dyckman Newman & Broudy LLP

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Estate Planning and Wealth Protection Archives

The importance of regular estate plan reviews

Residents in New York who have taken the time to create carefully crafted and thorough estate plans should feel good about that. However, an estate plan is not a static document or set of documents. Instead, it should be viewed as a living document which requires regular review and updating. This is because it directly reflects one's life and that is always subject to change.

Is estate planning necessary?

Planning for your future in New York is a wise idea in many areas of life. However, one area which you may overlook is the distribution of your estate when you pass away. Estate planning is one way to help maintain your loved ones' financial security after your death.

Understanding the difference between heirs and beneficiaries

It often seems like whenever one brings up the issue of estate planning in New York City, many of his or her listeners stop paying attention. Planning for end-of-life matters often seems unimportant to those who believe themselves to still be early (or in the middle) of it. The problem is that many who put off this process rarely get around to completing it. In fact, information shared by the American Association of Retired Persons shows that 60 percent of American adults have yet to prepare a will.

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