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...
PROVEN LEGAL COUNSEL
For Estate Planning, Estate Administration And Disputes
Month: October 2019
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...
How can I deal with family disputes when estate planning?
You can carefully put together a very precise and well-thought out estate plan, but what happens with after your death is something completely out of your control. No matter how hard you try to control things within the laws of New York, your family can also put a...
Immigrating to the U.S. as a business investor
The United States offers immigration programs for investors purchasing commercial real estate or starting businesses here. Foreign nationals can seek a green card for permanent residency under specific circumstances. Before investing in a U.S. business, it's a good...