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New York Law Blog
What are some tips for investing in U.S. real estate?
It is essential to know the market when you want to invest in commercial real estate. If you are looking to the lucrative New York real estate market, then you will want to make sure that you are ready to invest in a market like this. Preparing yourself and learning...
Settling a heated estate battle out of court
Family battles over an estate in New York may develop into drawn-out litigations, bitter feelings and overwhelming stress for individuals who are also grieving from the loss of a loved one. At Busson & Sikorski, P.C., we understand the impact of your grief and...
Who can legally dispute a will?
Every state has its own laws regarding who can and cannot dispute the validity of a will. In New York, challenging the probate of a will results in a will contest. You must have standing in order to hold a will contest. Today, we will look at the requirements to have...
What is intestacy?
When a loved one dies in New York, many things must be considered. This can be a stressful enough time on its own, but the stress is compounded when the deceased individual does not have a last will or testament. This can make inheritance matters extremely...
More foreigners buying into US commercial real estate
New York has one of the most active commercial real estate markets in the world. There are few big businesses that would not like to get a foothold in the Empire State. As one of America’s most populous states and home to fashion, food and financial companies, it is a...
Do I need a will for another country?
New York residents who own property in another country need to have whatever estate documents are necessary to make sure their property or assets are distributed to the proper heirs. This may include drafting a will not just for the United States, but for whatever...
Do children automatically inherit from parents?
Despite the advisability, most adults in New York do not have a will or any other estate plan in place. If you are one of them, you may believe that you do not need one because your children will automatically inherit from you upon your death even if you die...
Beware of estate and gift taxes for noncitizen spouses
Estate planning can be a complicated process for high-asset couples, especially when one of the spouses is not a U.S. citizen. One primary concern is that noncitizen spouses may not be able to receive marital assets tax-free, whether as a gift or as an heir to an...
What should you know before challenging someone’s will?
If you wish to challenge the validity of someone’s New York will, you need to have legally sustainable grounds to do so. Simply disagreeing with the decedent’s distribution of his or her assets is not sufficient. FindLaw explains that to successfully challenge a...
What must you prove in a fiduciary breach case?
If you are an heir of someone’s New York estate, the estate administrator (the executor of the decedent’s will) is a fiduciary who must manage the estate in your best interests. The same holds true of the trustee of someone’s New York trust of which you are a...
