When you create your estate plan, you likely focus on positive outcomes. Providing security. Creating opportunity. Making life easier for the people you love. What most families never consider is how inherited wealth can sometimes lead to consequences they could never imagine. The story of Clare Bronfman is an extreme but powerful example. As an heir to the Seagram’s fortune, she inherited extraordinary wealth at a relatively young age. Over time, that wealth and the access i

As a parent, you likely hope to leave your children an inheritance. In fact, that goal may be one of the driving forces behind your life’s work. You work hard, save carefully, and make sacrifices so your children can have opportunities you may not have had. Yet without proper planning, the wealth you pass on is at serious risk of being accidentally lost or squandered. In some situations, an inheritance can even cause more harm than good. Many families believe that creating a

For years, New York employers, particularly in construction and other labor-intensive industries, have been living with an uncomfortable legal reality: even when employees were paid every dollar they earned, the timing  of those payments could trigger massive liability. That tension has now been significantly reduced. In May 2025, New York State enacted a change to its Labor Law that clarified how courts should treat pay-frequency violations and, in doing so, substantially li