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...
How to efficiently manage estate administration & probate
Dealing with the death of a loved one in New York can be an emotionally challenging time. It is critical for family members to use the immediate aftermath of a death to grieve, but there is another matter that should also be considered: finances. Managing estate...What is probate litigation and how can I avoid it?
In New York, probate litigation is generally defined when legal disputes arise over the assets, property and control over the affairs of both the living and the deceased. These can be fights between family members over the contents of a will or a dispute between...From 1930s pancakes in New York to litigation in 2014
Estate matters in New York and across the country aren’t always limited to how property and assets are divided among heirs. In many cases, individuals appoint trustees or executors to handle other business matters or legal aspects of an estate. Sometimes, the...What can we learn from Robin Williams’ estate planning?
The loss of comedian Robin Williams from this world was indeed a grave one. Nevertheless, it seems that there is at least one positive side to his story, which involves the estate plan he left for his heirs. Indeed, it appears that Williams tied up his loose ends well...What are long term care planning advance directives?
You have probably already thought about the way in which you would like your medical care to proceed as you age. What happens when you are incapacitated and can no longer make medical decisions for yourself? Smart New York residents know that no matter how much their...Trusts can give you peace of mind in New York
In New York, a trust is something that falls into two categories: a living trust and a testamentary trust. A living trust is set up while you are still living, while a testamentary trust is created after your death. The decision to set up a trust is a very personal...Basic information about living trusts in New York
Perhaps the first thing that people need to understand about creating a living trust, also known as an inter vivos trust, is why a person would want one in the first place. The advantage of creating a living trust is that it will preserve the ownership and disposition...Finding a New York will and testament that is missing
A lot of different questions come up for heirs and relatives after the death of a loved one. One of those questions could relate to their departed family member’s will and whether the will they have is actually the latest one to be drafted. This could inevitably...Reduce probate litigation woes with a single conversation
Death is not an option; it may sound morbid, but death happens eventually no matter what a person does. What is an option is how you and your family handle estate matters, and deciding to have at least one conversation about the inheritance can make a big difference...
