When it comes to estate planning, one of the most common questions people ask is: “What exactly is a revocable trust, and do I need one?” While the concept may sound intimidating at first, a revocable trust is actually quite simple—and incredibly effective. Think of it like a box with an instruction manual inside. You...Read More
One of the most common questions we get from clients is: “How does a trust help avoid probate?” Let’s break it down in a way that’s easy to understand and shows just how powerful a trust can be in your estate plan. Think of a Trust as a Secure Container Imagine a trust as a...Read More
No Will, No Plan: What Happens If Someone Dies Without a Will? Most people assume their family will “just know” what to do after they pass away. In reality, what happens if someone dies without a will in New York is complex. Without written instructions, state law decides who inherits, and the Surrogate’s Court appoints...Read More
When you’re in your 20s or 30s, “estate planning” might sound like something only for the wealthy or much older generations. However, including life insurance as part of your comprehensive estate plan during your younger years is one of the smartest financial decisions you can make. It’s not just about planning for the distant future;...Read More
Some clients wonder if they should divide decision-making responsibilities among adult children or other trusted helpers in their estate plan. I often discuss scenarios where one person might serve as financial power of attorney while another handles healthcare decisions. While there’s nothing inherently wrong with this approach, understanding the potential benefits and drawbacks is essential...Read More
As a father of two beautiful little girls, there’s nothing I wouldn’t do to protect them. From holding their hands when they cross the street to comforting them during a thunderstorm, my instinct is to shield them from harm. But what if I weren’t here to do that? It’s difficult to think about, but planning...Read More
Understanding what is the purpose of a trust account is essential for individuals setting up an estate plan. A trust account allows assets to be securely managed according to specific legal instructions, ensuring they are distributed properly to beneficiaries. For those establishing a trust in NYC, setting up a dedicated bank account in the trust’s...Read More
When planning for the future, one of the most essential legal documents you can have is a Power of Attorney (POA). Whether you’re preparing for your peace of mind or helping an aging loved one, understanding how a POA works—and what can go wrong without one—is critical. Here are five key facts about Powers of...Read More
As an estate planning attorney, I’ve seen firsthand how even carefully drafted wills can have significant oversights. While most people remember to address major assets like homes and financial accounts, certain important provisions are frequently overlooked. These forgotten elements can create unnecessary stress, conflict, and expenses for your loved ones after you’re gone. Let’s cover...Read More
Navigating estate planning requires a clear understanding of how property protections work, especially for homeowners in Brooklyn. When considering how best to secure assets, many people ask about the homestead exemption New York provides. Our NYC trust and estate lawyers at Miller & Miller, assist clients with strategies designed to protect their homes and assets through tailored...Read More