When celebrities die, there is frequently a significant amount of attention paid to how their estate plan was formulated. Often, there is surprise at how much or even how little the person had in terms of assets. The structure of the estate plan will tell how they...
Guardianship is a legal relationship that more and more Americans are likely to need as they get older. A legal guardian is a person who has been granted the power to make personal decisions on behalf of another (known as the ward). A similar relationship known as a...
It is an unfortunate reality that when a New Yorker dies, there could be a legal dispute regarding their estate. However, people considering challenging a will might not know who has the right to do so. For example, a person who believes there should have been a...
There is a common misconception about estate planning that it is a problem for the sick or elderly. In reality, estate planning should start well before you start considering retirement. If you are gainfully employed or have any assets you want to continue owning for...
New Yorkers who are creating or have already created an estate plan will undoubtedly believe that the document is sound for the future even if minor tweaks need to be made. However, when there are major life changes, such as a divorce, the entire estate plan could be...
It goes without saying that everyone in New York can use some type of estate plan. For those who are facing the prospect of a significant tax bill because they have major assets, it is not enough to have an estate plan. It is also necessary to have a grasp on how the...
The estates of artists can be complex and can lead to many people fighting over them after the person has passed. This is especially true when there were disagreements and dueling assertions as to what the testator wanted. When these issues cannot be solved by...
The responsibilities of a fiduciary in New York should be taken seriously after a person's death. Estate administration has certain requirements based on the estate plan and the fiduciary plays a critical role. There are numerous terms that could be applicable,...
If you asked your children to make sense of your finances without any input from you, would they be able to do it? Would they be able to piece together the information they need without knowing your computer passwords? Would your filing cabinet give them the answers...
In New York, when a person dies, it does not necessarily mean that the surviving spouse is automatically able to receive the proceeds of his or her estate. This is particularly important if the person died intestate. Not having an estate plan could lead to litigation...
