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Reena Gulati Blog

Why Regular Review and Updating of Your Estate Plan is Necessary
An estate plan is a set of legal documents that outlines how you want your assets to be distributed and managed after you pass away. It is an important tool for ensuring that your loved ones are taken care of and that your assets are distributed according to your wishes. However, there are several reasons why you may need to change your estate plan over time.
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Understanding the Differences Between a Durable Financial Power of Attorney and a Springing Financial Power of Attorney in New York
In New York, a durable financial power of attorney and a springing financial power of attorney are two different types of legal documents that allow a person to appoint someone else to manage their financial affairs. While both documents can be useful in certain situations, they have some key differences that are important to understand.
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Understanding Title Insurance When Buying Real Estate in New York
When buying real estate in New York, it is important to consider whether or not you need title insurance. Title insurance is a form of insurance that protects the buyer and lender from any losses that may arise from defects in the title of the property. In New York, title insurance is not required by law, but it is highly recommended.
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Estate Planning for Single People: What You Need to Know
Estate planning is an essential part of financial planning for everyone, but it is especially important for single people. Without a spouse or children to provide for, they have different considerations when leaving their assets. If you are single, estate planning is necessary to ensure that your assets are distributed according to your wishes. Without it, state law will determine what happens to everything you own.
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What Documents Are Essential to Creating a Basic Estate Plan in New York?
When it comes to estate planning in New York, there are several documents that are essential to ensure that your wishes are carried out if you become incapacitated or pass away. A basic estate plan should include a will, a durable power of attorney, a health care proxy, and a living will.
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