Personal Property Memorandum?
During estate planning, intentions for major assets, like money and real estate, are set using a will and or trust, and these documents are legally binding. It’s a wise idea to also create a personal…
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The Best Estate Plan: A Will And A Trust
A will is an essential legal tool for detailing how you want your assets to be distributed after death. Importantly, through a will, you also name a guardian for minor children. It’s wise to go…
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Equal Love, Unequal Inheritance?
Though it’s customary to divide assets equally among children, there is no law saying that parents must do so. In fact, parents do not have to leave anything to their children. Still, when making a…
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Avoid Complications: Joint Accounts?
Estate planning should simplify life for your loved ones, not complicate it. Many people believe that adding an adult child or other heir as a “joint owner” on a bank account is the simplest way…
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Probate Proceeding In New York?
In New York State, the affairs of the deceased are settled through probate proceedings which take place in the county Surrogate’s Court. When a will has been made, it is “probated,” through the Surrogate’s Court….
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Asset Conflicts? Probate Litigation!
Even though we all know we should organize our affairs, put estate plans in place, and communicate our intentions and plans to loved ones, most of us avoid these difficult to-do list items. As a…
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Understanding The Responsibilities: Executor
Chosen when a will is written, the executor is legally obligated to carry out the intentions of the “testator” who made the will, as well as to adhere to all state probate protocols when closing…
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Divorce? Your Estate Plan Needs Attention
When you created an estate plan during your marriage, it was likely designed to protect assets for a shared future, as well as to protect your spouse should something happen to you, and vice versa….
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Contesting An Estate Plan?
Yes, it is possible to contest a will or trust, based on validity, interpretation, or administration. However, though relations or friends may feel anger or disappointment about the plans made by a loved one who…
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