It might sound unusual, but many New Yorkers who are taking the wise step of creating an estate plan will want to include their pets in some way. In truth, it is not unusual at all. People treat pets as part of their family and will want to ensure that the pet is cared for as part of an estate plan. There is no reason to be embarrassed about trying to craft the documents and formulate strategies to address pets. When considering it, it is critical to have experienced legal help.
Handling inheritances if heirs are non-marital children
Family situations in New York can come in many shapes and sizes. Most are not neat, simple cases in which there are parents and marital children. There are divorces, remarriages, children with different parents, stepchildren, adopted children and more. While this is often handled deftly by the families, it can be a complicated circumstance when a parent dies and their estate is set to be divided and distributed to heirs. Understanding how a non-marital child will be factored in when the inheritance and personal property of the parent is doled out is critical to avoid conflict.
What is the relevance of the domicile in estate administration?
In New York State, the death of a loved one can be a difficult time for the family members left behind. The executor of the will, the status of the heirs and how probate administration will be handled are all issues that must be asked even in a time of sorrow. One part of the process that might not be clear is how the decedent's domicile factors in with the estate proceeding. Knowing about decedent domicile is critical to a smooth process when settling the person's affairs after death.
Facing the challenges of an estate executor
With greater life experience comes greater expectations. As an individual who has faced and succeeded in their share of challenges, it is natural that the people will come to depend on you. For some, this may include depending on you to settle their end-of-life affairs, such as settling their estate.
What you need to know about becoming the guardian of a loved one
Growing older is a natural part of life, but as people age, they may struggle with dementia, Alzheimer’s disease or other cognitive issues. These ailments affect their brain and lead to memory loss and problems performing tasks they were previously able to perform. As the symptoms worsen, people become less able to make decisions and care for themselves.
Estate planning can be different for creative people
New Yorkers and people across the nation pay attention to the deaths of celebrities. It is a natural point of interest when prominent people in any industry die, so this should come as no surprise. Also of interest is how these seemingly wealthy and accomplished individuals handle estate planning strategies. Recently, discussions over the death of Aretha Franklin were had. Since she did not have an estate plan, it could be a problematic issue for her loved ones. The same is true about the late musician Prince. For those in creative industries who might or might not have significant assets, estate planning is often shunted to the side. Knowing the importance of drafting estate planning documents can be hammered home by understanding the type of estate planning strategies that suit them.
