In New York, estates are settled through probate by an executor, who is named in the will or estate plan. If there is no executor, or the named executor is unable to serve, the estate can be probated by an administrator, typically a professional, who is appointed by...
read moreThe importance of a last will and testament
Some may believe writing a “last will and testament” can wait until tomorrow. But tomorrow is not guaranteed. If you don’t write or help create “a will” and pass on, New York State will take over and divide the assets. The state has...A family meeting can prevent some disputes over your estate plan
You may feel uncomfortable bringing up your estate plan with family, and some family members may even try to change the topic when you do so. However, many benefits can come from talking with your loved ones about your estate plan.Communicating at least the basics...When is it important for me to update my estate plan?
For many New Yorkers, the creation of an estate plan is viewed as final with no changes necessary. Some might have taken a significant amount of time before finally crafting an estate plan to prepare for the future, but when they did they were fully prepared to leave...
