The New Year is right around the corner and residents of Buffalo may be busy making resolutions and plans for 2019. While most people will focus on making changes to their lifestyles that will introduce health and happiness into their lives, everyone should be taking into account an important consideration about the future: their estate plan.
Individuals who operate businesses in Buffalo may be aware of how pervasive contracts are in their industries. Whether they run restaurants or shops, engage in corporate or financial undertakings or endeavor into other lucrative fields, business owners cannot thrive if they do not have strong contracts in place. These can exist in the agreements they create with their employees and vendors, in the leases they sign for the use of physical space and tech-based products and a myriad of other arenas related to their particular fields.
One of the most challenging aspects of ending a marriage is managing the emotional and physical well-being of any children who may be affected by their parents' split. In New York, parents can seek physical and legal custody of their kids and based upon the needs and interests of those children, family law courts can establish parenting plans to accomplish those ends. However, as every child will present different priorities, it is imperative that courts look at many factors before making custodial determinations.
A Buffalo resident who is just establishing their career or who has not taken the plunge into marriage or parenting may not feel as though an estate plan is important for them to create. Even individuals who care for dependents may not worry about the future of their estates if they perceive their incomes and property holdings to be minimal. These assumptions are generally not accurate, and it is to the benefit of individuals of all life scenarios and financial stations to create estate plans that reflect their wishes and desires.
If you recently lost a parent or other loved one, you probably wonder what to do next. You know your family needs to do something with the estate, but you may not be sure what that is, exactly. Perhaps your loved one told you that he or she named you as executor in the will, and you need to know what that means. Here are a few steps to help you get started with a probate in Erie County:
Marriages require partners to work together for the collective benefit of each member. For example, in New York a father may decide to give up his job to stay home with the family's children while the mother advances her career in the workforce. Though the father may be capable of working outside of the home, he and his partner may decide that everyone will be better off if he gives up his job to provide care to their children.