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For Estate Planning, Estate Administration And Disputes
When creating an estate plan, decedents choose who receives their assets when they die. These beneficiaries can be an individual or a group of people. When people leave their estates to a group, they must decide how the benefits get divided if one of those...
Estate plans can cover a wide variety of matters, including writing a will, establishing a power of attorney and creating an advance medical directive. Given all the activities involved in estate planning, it is easy to neglect or fail to implement certain parts of...
When you are buying real estate in New York City, you want to be sure that the property will live up to your expectations, particularly if you want to use it to generate income. Sometimes unexpected problems complicate a purchase, and you may have second thoughts...
If someone dies who does not live in New York but owns property in the state, the New York probate court has jurisdiction over that property. The estate representative in the other jurisdiction will have to file an ancillary probate proceeding to administer the...
If you inherit a home that is in another country, that property will be subject to foreign laws. Such ordinances can be complex, and you may find it difficult to navigate through these complicated statutes. For example, some countries will not allow you to earn a...
The court divides a deceased person's property and assets through a process called probate. The court will follow the wishes of the decedent if that person left a will, but sometimes this process can unveil unpleasant surprises. If you believe a will is invalid, you...
New York State’s laws allow licensed professionals to form limited liability companies. As noted on NYSED.gov, individuals providing services that require a license issued by the Empire State’s governing board may operate through professional limited liability...
A part of planning your estate is choosing a person, perhaps a family member, to be the executor of your estate following your death. Whoever will be your executor will receive an appointment from a New York court. However, your beneficiaries must have their say...
Formulating an effective estate plan may involve utilizing fiduciary tools to help your family after your death. The more diverse your plan, the higher the likelihood that some of your assets may bypass probate. While probate itself is not bad, it is time-consuming...
Real estate developers hoping to expand their construction space in New York City may buy rights to build in a vertical direction. These development rights include the empty air space above an existing building. Cornell University explains how air rights consist of...