In New York, many people set up a trust in order to add a layer of protection and place assets with a specifically designed legal entity. This may be a family member or, more often, a trusted attorney who approves expenditures from the trust. Sometimes it is necessary...
If you have been named as the executor for a New York resident's estate, you may have a lot of questions about your personal role. How do you comply with legal regulations regarding the execution of your loved one's estate? Who can you turn to during this difficult...
A holographic will is essentially a will hand-written by a person, known as the testator, for the benefit of others after he or she dies. Old movies were notorious for using scenes of characters creating holographic wills. Perhaps you remember a Western in which a...
Not every nursing home is created equal, which is why health care placement options should be a part of your long term care planning. Do you have a specific facility in mind, or are there some things you would like loved ones to avoid when selecting a nursing home if...
New York residents who do not have children may have some unique questions when it comes to the estate planning process. For example, who will be one's caregiver if a medical infirmity results in mental or physical incapacitation? There are several pieces of advice...
When you begin your estate planning, it is important to have the future in your sights. Not just your children, but beyond them to future generations. One way of making sure your beneficiaries receive your assets and not the Internal Revenue Service is to set up a...
Dealing with the death of a loved one in New York can be an emotionally challenging time. It is critical for family members to use the immediate aftermath of a death to grieve, but there is another matter that should also be considered: finances. Managing estate...
In New York, probate litigation is generally defined when legal disputes arise over the assets, property and control over the affairs of both the living and the deceased. These can be fights between family members over the contents of a will or a dispute between...
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...
