Americans are confused. They're confused about estate planning and rightfully so, it's a diverse topic. Should you create a will, a trust or both? It depends because they serve different purposes, but both can be beneficial to form a complete estate plan. Will and...
Essential estate planning documents to create
There are people who take the time to go through the estate planning process in the appropriate manner, as well as those who think they will always have time in the future. While laws differ from state to state, meaning that our New York readers may not follow the...Famous photographs in limbo during estate administration dispute
A Manhattan Surrogate’s Court is being asked to decide the fate of some of the most historic pictures of the 20th century. A dispute has arisen between the heirs of a woman and Time-Warner, the owners of Life magazine over a collection of famous photographs with...Rosa Parks’ personal items in New York warehouse during probate
With this year being the celebration of the 50th anniversaries of several events in the civil rights era, the state of Rosa Parks’ personal affects is making the news. The belonging are still in flux, largely due to the probate court, according to one of the...University of Rochester receives $17 million from Wegman estate
The University of Rochester recently accepted a $17 million gift from The Wegman Family Charitable Foundation. $10 million has been earmarked for the University of Rochester’s Institute for Data Science. Another $7 million will go directly to the Golisano...Estate planning and choosing the right professional
When it comes to estate planning, a good plan set in place before you reach the point when you can no longer take care of it will bring great peace of mind. If your property has worth beyond the monetary value, especially your house or land, you may want to weigh your...Long term care planning includes smart shopping
Long term care planning is an important part of life for our New York readers, as well as those in other parts of the United States. Even though you may be young and healthy now, you have to consider what could happen down the road. Those who do not have a long term...Staten Island wins dispute with Brooklyn over $9 million estate
In a classic example of what can go wrong when people fail to create wills, public administrators from Brooklyn and Staten Island recently had to square off in a Staten Island Surrogate’s court with dueling claims to the administration of an estate valued at $9...New York lawsuit filed against former estate executor
Jerry Orbach, star of the popular legal drama “Law & Order,” passed away a decade ago, but his estate is still part of an ongoing battle. According to papers filed in New York, Orbach’s former accountant is allegedly refusing to hand over control...Buffalo Bills now managed by trust after owner’s death
Before his death on March 25, 2014, Buffalo Bills owner Ralph C. Wilson adamantly believed that his team and its management staff should go on without him. For this reason, Wilson used a trust to set up control and management of his team before his death. It’s...
