The Costs and Benefits of Forming a LLC to Acquire Real Estate

January 29, 2019

A real estate investor recently asked me whether she should form a LLC to purchase a residential investment property in New York. Some of the advantages of forming a LLC are obvious. First and foremost is liability protection.  If there is a claim not covered by insurance, the LLC shields …Read More

Why Isn’t Estate Planning Just for Rich Old Folks?

January 9, 2019

Young, healthy people with modest means can benefit from estate planning largely for the same reasons wealthier, older people benefit from estate planning. First, estate planning takes disability into consideration – not just death.  If, for example, a young person is rendered unconscious after a car accident, the living will …Read More

What is a Living Will?

January 9, 2019

A living will is not an oxymoron.  Simply put, a living will (sometimes referred to as an “advance directive”) consists of a person’s instructions for how to make medical treatment decisions in the event that he/she is unable to do so.  For example, if a person is unconscious after a …Read More

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