Estate Planning – Canarick & Canarick

A Windfall and a Target: Navigating Family Expectations After Sudden Wealth

Good news in the form of a sudden windfall can put your family in a new financial position that may materially alter your legacy and estate plan. And while it ...

When an Adult Child Has a Crisis: How an Emergency Can Reshape Your Estate Plan

You never stop being a parent. Even when your child reaches adulthood, they are always in your thoughts—and, in many cases, your estate plan. There may be times when your ...

Sudden Widowhood: Navigating Legal and Financial Chaos after a Spouse’s Death

You and your spouse planned a life together, and nothing can fully prepare you for their loss. Like most people, you may have let the thought cross your mind only ...

Executor Rights: How You Are Protected While Administering an Estate

Being named executor of someone’s estate is often viewed as an honor. It means the person who created the will trusted you to handle their affairs and carry out their ...

When Clutter Becomes an Estate Planning Problem

Comedian George Carlin once joked that a house is just a place to keep your stuff while you go out and get more. “Sometimes you gotta move, gotta get a ...

Pot Trusts Explained for Families

A pot trust is a way to hold money and property for a group of beneficiaries, usually children or other family members, in one shared trust. Instead of dividing everything ...

Ancillary Probate: When It Is Used, Where It Occurs, and How to Avoid It

Many people own property in more than one state, such as an ocean-side vacation home or a rental property in a former home state. It is important to think about ...

Why Title Matters

Real estate can be owned in several different ways. The form of ownership, or how your property is titled, can determine how much control you have over it, how vulnerable ...

Does my Spouse’s Citizenship Affect my Estate?

Noncitizen spouses are treated differently than US citizen spouses for estate and gift tax purposes.[1] They do not get the unlimited marital deduction. Married US citizen spouses can generally transfer ...

Estate Planning When a Family Member Has a Disability

Many famous figures have argued that how a society treats its most vulnerable members is a measure of its humanity and moral character. As Mahatma Gandhi famously observed, a society ...

The Overlooked Risk in Every Estate Plan: Disability

Disability is often treated as a remote possibility, something that happens to other people. Yet one of the most persistent blind spots in planning conversations is disability risk. Disability is ...

Planning for Yourself While Caring for Someone with a Disability

Most of us have been on a plane and heard the preflight safety instructions that include some version of the oxygen mask principle: Secure your own mask before assisting others. ...

Your Future Caregivers May Not Be Who You Think They Are

Experts warn of a growing national crisis unrelated to politics, the economy, or the usual headline grabbers. It is a caregiving crisis, and it now touches nearly one-fourth of American ...

The Hidden Burden: What It Really Means to be an Executor, Trustee, or Agent under a Power of Attorney

An 80-year-old widower relied on his adult daughter for help with his daily life and finances for more than a decade. During that time, she managed his finances under a ...

Backup Plans Are Loving Too: Why You Need Contingent Agents and Guardians

Progressive Insurance recently rolled out a series of commercials featuring “backup” quarterbacks stepping in to handle everyday challenges, such as ordering food, giving advice, and even parking a trailer. After ...

CLICK HERE TO SCHEDULE A FREE 1-HOUR CONSULTATION

OR CALL (732) 354-1951