Whether you are just starting a family or you are planning retirement, it is critical to ensure your estate plan is current. There are many components to a comprehensive estate plan, including a last will and testament, power of attorney, guardianship designations,...
PROVEN LEGAL COUNSEL
For Estate Planning, Estate Administration And Disputes
Month: August 2017
Property boundary lines and due diligence in New York City
Real estate buyers may overlook the importance of boundary lines during the due diligence process. Purchasing property in New York City without understanding its borders could result in a surprise after moving in. Sidewalk trees, for example, may belong to the...
Understanding your responsibilities as a New York executor
When someone makes you the executor over his or her estate, they are entrusting you with handling a variety of efforts that are all highly important. Because there is an investment of time when you take on the executor role, you may receive a fee in exchange for your...
3 signs of potential undue influence in your father’s will
If your father died with a will in place, he had done more estate planning than most. In fact, according to a recent study, roughly 66% of those over the age of 55 have not drafted even basic will. Reading through your dad's will, of course, probably tells you exactly...
Fiduciary duties and estate litigation
Whether you are battling negative emotions because the executor of your loved one's estate failed to respect your rights as a beneficiary or you face allegations of wrongdoing as someone in charge of an estate, it is very important to take a careful look at your...
What foreign real estate markets should I invest in?
You likely already know the U.S. real estate market experienced an unexpected boom in 2020. However, the housing shortage often makes it difficult for you to purchase investment properties at prices that lead to solid profit. Because of this, you might now want to...
Commercial real estate: Dealing with nonpaying tenants
As a commercial landlord, you might find yourself wondering what to do if a tenant fails to pay their lease in a timely manner. It may seem like the right thing to do is to restrict the tenant’s access to the property, however, doing so can lead to additional legal...
How can you identify a good tenant?
Many commercial property owners choose to rent out their property. If this interests you, you need to be on the lookout for the best tenants. Quicken Loans explains that owning a rental can be lucrative for most people, but only if they choose a good tenant. No...
What are some concerns with foreign estate administration?
If a loved one who lives in a foreign country dies, there can be a few hiccups that you may come across involving his or her estate. The main issue is that you are operating under the laws of that foreign country while also having to adhere to U.S. law. As you can...
Is my US will valid in foreign countries?
If you own foreign assets, have family abroad, live outside the US or have any reason to believe that your estate will span national borders, planning your estate can be intimidating. Since most New Yorkers use a will as an estate planning tool, understanding how...