When preparing an estate plan in New York, you have several options when it comes to the tools that are available for ensuring that your loved ones will be able to take possession your assets after your death. From simple wills to beneficiary designations on investment accounts and life insurance policies, these tools all serve different purposes, and in many cases have their own unique benefits and limitations as well. In recent years, the estate planning tool known as the …
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If you are like many people, you have long dreamed of owning a vacation home in the Adirondacks. With more than 3.4 million acres of privately-owned land, unparalleled views, and the largest protected area in the continental United States, the Adirondack Park is, for many, the ideal place to establish a home away from home. When purchasing real estate in the Adirondacks, there are some important considerations you will want to keep in mind. Most importantly, there is a reason …
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The Adirondack Park is unique among the country’s state and national parks. At over six million acres, the park has 3.4 million acres of privately-owned land where the State of New York and residential, commercial, and industrial property owners have all staked claim to their own piece of this protected reserve. As you might expect, owning land in the Adirondack Park comes with its own unique restrictions and responsibilities. As a result, when buying or selling property in the Adirondacks, …
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