Estate matters in New York and across the country aren't always limited to how property and assets are divided among heirs. In many cases, individuals appoint trustees or executors to handle other business matters or legal aspects of an estate. Sometimes, the family...
The loss of comedian Robin Williams from this world was indeed a grave one. Nevertheless, it seems that there is at least one positive side to his story, which involves the estate plan he left for his heirs. Indeed, it appears that Williams tied up his loose ends well...
You have probably already thought about the way in which you would like your medical care to proceed as you age. What happens when you are incapacitated and can no longer make medical decisions for yourself? Smart New York residents know that no matter how much their...
In New York, a trust is something that falls into two categories: a living trust and a testamentary trust. A living trust is set up while you are still living, while a testamentary trust is created after your death. The decision to set up a trust is a very personal...
Perhaps the first thing that people need to understand about creating a living trust, also known as an inter vivos trust, is why a person would want one in the first place. The advantage of creating a living trust is that it will preserve the ownership and disposition...
A lot of different questions come up for heirs and relatives after the death of a loved one. One of those questions could relate to their departed family member's will and whether the will they have is actually the latest one to be drafted. This could inevitably lead...
Death is not an option; it may sound morbid, but death happens eventually no matter what a person does. What is an option is how you and your family handle estate matters, and deciding to have at least one conversation about the inheritance can make a big difference...
A recent case in Queens, New York, has raised questions about compensation for trustees of a public library. On July 23, the borough president used her authority to dismiss six of the 19 trustees tasked with the stewardship of the Queens Library board. The borough...
When you have a will in place, there is a sense that you have done the right thing. But a question arises sometimes and that question is: if you have a self-managed superannuation fund, which allows you greater control of your investments as opposed to testamentary...
Life expectancy in America has skyrocketed in recent decades, but are we outliving our savings? In fact, many retirees are unable to continue to care for their own nursing home costs because of inadequate long term care planning. This can put adult children in the...
