This is part three of a three-part series There are so many things to consider when you begin planning your estate. You want to make sure that what you leave behind will be going to the people you want it to go to, in the amount that you have specified. You want...
This is the second of a three-part series on the importance of wills. When an individual passes away, their will is only as concrete as their last updated version. Drawing up a valid will is only the first step in the process of making sure that your estate is handled...
Last year, when Prince died at the age of only 57, the iconic musician's death took almost everyone by surprise - not least of his closest surviving family members, who were shocked to learn that the singer had never written a will. According to a Gallup Poll taken in...
A previous post on this blog discussed how residents of Rochester, New York, can contest a will if they feel they have legal grounds to do so. Indeed, estate litigation, including will contests, can be very important when a person who has a right to an inheritance is...
Although Rochester residents usually try to plan their estates carefully in order to prevent disputes between family members, the taxing authority or other parties who stand to benefit from an estate, sometimes estate litigation still emerges. It is also not at all...
In many estate planning scenarios, a person creates a will that designates certain pieces of property to go to one person or another. Then, during the course of their lifetime, the person disposes of the property. For example, they might sell it or even give it away...
People in Rochester may be so wrapped up in their day-to-day lives that they may not give much thought to their future. For example, they may put off estate planning, believing they do not need to address the issue until they're in their old age, or they may simply...
Losing a loved one can result in strong emotions, especially if family members do not get along or if there is a very sentimental attachment to certain items of the deceased's property. If a loved one in Rochester left a will, this can help sort out inheritance...
Most people in New York face health issues as they age that could lead to an increase in their health care expenses. This is especially true for women. In fact, according to a 2016 report, health care costs women age 65 will incur while they are retired total about...
Married couples in New York may have taken the steps to create an estate plan. However, what happens if they both die at the same time, for example, in a fatal car crash? This can complicate the probate process, making it more difficult for their assets to be passed...
