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...
Can a trust be challenged after the grantor has died?
Even if a deceased person made you sole heir and beneficiary of his or her trust prior to passing away, it is possible that the trust could be challenged in court. For example, if you had one sibling who was disinherited, that sibling may try to invalidate the trust...What are some reasons that a will may be challenged?
A will is a legally binding document that has to be respected in New York, but that does not mean it can’t be challenged. In certain cases, family members feel that the will is unfair and needs to be thrown out. Common reasons include: 1. Saying that the will...Don’t let your estate cause a family feud
Whether you like the game show “Family Feud” or not, one thing is for certain: You don’t want to start a feud among your own family members with your will and estate plan. This happens all too often, though, when family members disagree on the...Estate planning includes legacy planning
Letting your estate planning take a back seat because you aren’t sure what to do first is not a great idea. At Weinstein & Randisi, a Rochester, New York, estate planning law firm, we can guide you through the process of putting an effective estate plan in...Three tips to use when drafting a will
Drafting a will doesn’t have to be overly complicated or difficult, but it does need to be done properly in order for it to stand up after your death and ensure that things are handled as you intended. The following are three tips that can help make sure that...92-year-old Viacom founder and chairman reveals his estate plans
The founder and chairman of Viacom, Sumner Redstone, has released information about the plans he has for his media holding after passes away. Ninety-two-year-old Redstone controls CBS and Viacom. Recent stories featured in the Wall Street Journal and the New York...Art makes estate planning a bit more complicated
If you’re an art enthusiast or a collector, you may purchase art for one of two reasons: You’re either buying art that you love, or you’re buying art that you think will see an upward shift in value over time, looking at it as an investment....What questions should you ask when doing long-term care planning?
Long-term care planning is incredibly important in New York, as it must be taken care of in advance for it to be effective. The whole idea here is that you set up a plan and make decisions years before they need to be made so that everything is set if you’re...Putting a will in place gives peace of mind
Putting a will in place can give you the peace of mind that comes from knowing that you have done your best for your family or for a charity that you want to gift when you are no longer here. If you don’t put a will in place, your assets and property go into...
