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If you are charged with administering someone's estate after their death in New York, you have many different tasks that you must accomplish according to the law. One essential task you should complete in addition to what is required is to purchase a probate bond....
Dividing properties is seen as one of the hardest parts of estate planning in New York. It’s easy to get intimidated by a house worth hundreds of thousands of dollars, if not more. Including real estate into your estate plan doesn’t have to be difficult. The strategy...
There's almost nothing people in New York look forward to more than the holidays. This time of year is when people get together to celebrate with their families. However, you can have a joyous holiday season while also thinking about and discussing estate-related...
Responsibilities often change as parents get older and their children become adults. Sometimes, these changes involve managing your parent's final wishes as an executor. Before agreeing to be an executor in New York, knowing what to expect from this process can ensure...
Probate litigation is one of the thorniest and most contentious areas of legal conflict in New York. It often pits family members against one another with millions of dollars in assets and liabilities at stake. To fully understand and litigate one of these cases, the...
Estate planners may wish to provide for their heirs and beneficiaries. Drawing up a last will and testament that is legal under New York law could be an effective way to transfer assets after the estate planner passes away. However, concerns may exist about the...
The state of New York provides easy transfer of assets for legally married couples and civil unions upon one spouse's death. No such protections exist for unmarried couples. Without a detailed estate plan, the deceased's belongings will automatically go to their next...
You may have repeatedly asked your aging parents living in New York if they have a will. Even if they reply in the affirmative, do you know if their will is valid? Many older individuals think that they don't need to modify estate documents. Here's how to ask your...
New York law allows you to divide your assets in any manner you'd like upon your death. Therefore, you could give your youngest child your entire estate while giving nothing to your oldest child. Although that may seem harsh, there are a number of scenarios in which...
Family dynamics is often the biggest challenge to estate planning in New York. When there is a high degree of tension between family members, it can be difficult to make decisions about how you want them to share your assets in the event of death or disability....