Probate and estate administration are complex topics people may overlook until they encounter a sudden death in the family. When it happens, surviving family members can be too busy grieving the loss to sort out legal matters concerning the deceased's estate. When...
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For Estate Planning, Estate Administration And Disputes
Year: 2023
How can a foreign business operate in New York?
New York has various characteristics that make it attractive to foreign businesses, including the state’s diversity, strategic location, potential for growth and stable economy. There is no question that these ventures can open significant opportunities and benefits....
What is a fiduciary’s role in the administration of an estate?
When a person dies, they leave behind all their things, and the amalgamation of all their assets, liabilities and debt is their estate. An estate is not a living or thinking thing. It will not organically manage itself and transfer itself to your surviving next of...
What are the qualities of an estate executor?
Naming an executor is often part of drafting a will. If you have a person in mind, you can fill the role with little to no trouble. Still, there is no assurance that they can perform as an executor properly. Typically, an executor's responsibilities require immense...
How estate planning works for individuals with dual citizenship
Estate planning can be a complex endeavor for individuals with only one citizenship. There are numerous legal and financial considerations within their home country that they have to think about. However, for dual citizens, the complexity becomes a two-fold enigma....
Securing tax benefits when purchasing a new home
Understanding the intricacies of real estate transactions can pose a substantial challenge. Both experienced investors and individuals new to real estate often explore avenues to enhance tax benefits. One intriguing option is a 1099 sale, an arrangement that opens...
Has work from home really affected commercial real estate values?
The past few years have seen a seismic transition from in-office work to at-home work. Now, we are seeing a transition back to more in-office work. Still, it seems that work-from-home (WFH) will play some part in our working lives for a long time to come. Surveys show...
What happens if I die with massive student loan debt?
Student loan debt has been in the news for years. And, for New Yorkers, we have some of the highest student loan debt burden in the country at nearly $40,000 per borrower, on average. When you are planning your estate, you likely wonder what will happen if you die...
When a foreign national dies and leaves behind assets in New York
New York is one of the most progressive and diverse states in the United States, giving people from all over the world career and educational opportunities. Foreign nationals set up bank accounts, invest in securities and even purchase real estate in New York, which...
When should you update your will?
Estate plans, like life, aren’t exactly static. Even after you create your will, you may need to update it regularly to make sure that it reflects your current situation and wishes. Here is when to update your will: Changes in assets If you sell an asset listed in...