Some adults create thorough estate plans that rely on trusts and special paperwork to transfer property when they die. When successful, these complex plans can allow someone's estate to bypass probate court entirely. Frequently, at least some of a person's property...
Traditionally, someone's last will is a handwritten document or at least a physical paper that they sign or make a mark on in the presence of witnesses. Adhering to state law during the creation of a will is crucial for those who want to have control over their legacy...
While you may have very strong feelings about what others will do with your property when you die, your family members may already have their own expectations. It is surprisingly common for immediate family members to have a profound sense of entitlement when it comes...
A succession plan has a major influence on what happens at a business when an owner or executive leaves. Some people only start preparing the succession plan when they decided it's time to retire or they receive a job offer at another company. The problem with a...
When someone is subject to a guardianship in New York, the person in the role of guardian has usually presented a strong case in court showing that the adult requires the support of a guardian. Financial blunders and medical records are common evidence in guardianship...
Your estate plan is largely a reflection of your values and your relationships. Your wishes may change when your relationships with different family members evolve over time. You may need to add more information to your estate plan as you acquire new property or add...
Your will should include the terms and conditions that matter most to you regarding the distribution of your property after you die. From providing the most valuable assets to your most valuable family members to carefully designating certain property to specific...
When someone is subject to a guardianship in New York, the person in the role of guardian has usually presented a strong case in court showing that the adult requires the support of a guardian. Financial blunders and medical records are common evidence in guardianship...
Estate planning should start at a relatively young age, particularly if you have children. Wills should be updated after each major life event, such as the birth of children or grandchildren, divorce and the death of benefactors or an executor. There are instances...
Your estate plan provides instructions about what you want to happen with your assets after you die. It also includes provisions for what happens if you become incapacitated. All terms are set based on your circumstances when the plan is created. For most adults,...
