Estate planning in New York always demands careful consideration, and this is particularly true when firearms are involved. Legal intricacies exist that require you to adhere to specific regulations. If you fail to comply, your beneficiaries could face complications....
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For Estate Planning, Estate Administration And Disputes
Year: 2024
How do you resolve multi-generational estate disputes?
Estate disputes can stir up intense emotions and create rifts within families that span multiple generations. Conflicts can arise when distributing assets, properties or businesses among family members after a loved one dies. These situations can be challenging. It is...
Can an estate administrator be sued by beneficiaries?
If you lost a loved one, you may currently be dealing with an estate administrator that is administering your loved one’s estate. What happens if you think they have done something wrong? In New York, beneficiaries wield certain rights and recourse mechanisms if they...
How to prove undue influence in New York probate court
Many New Yorkers are surprised to find out that their loved one’s estate plan distributes assets in a way that they didn’t expect. When these individuals are left out of the inheritance scheme, or when their inheritance is smaller than expected, they might consider...
3 considerations for special needs trusts
Individuals with special needs children face unique estate planning challenges. It is essential to ensure that your child's future is secure and that they will continue to receive the care and support they need, even after you are gone. There are several...
5 elements to consider before buying real estate in the US
The United States has a dynamic and diverse real estate market, attracting foreign investors and aspiring homeowners. While the process may be comparable to buying property in their native country, international buyers should note five factors that can make a smooth...
When can you appoint an administrator for your estate?
When a person dies, they leave behind their surviving loved ones and all their assets and liabilities that compose their estate. Estate administration begins after their death and will continue regardless of whether that person has an estate plan or not. The estate...
Is now the time to invest in commercial real estate?
The pandemic brought about extreme changes globally. With lockdowns implemented all over the world, plenty of businesses and corporations temporarily closed. It has been four years since then, but has the commercial real estate industry recovered from its losses since...
How can foreign nationals structure their real estate purchases?
The United States is the land of the free, and rightfully so. The country has no specific restrictions on real estate ownership for foreign nationals. If you are from a foreign country and are interested in purchasing property in New York, you should structure your...
Six valid reasons to challenge an executor of a will
When an individual drafts a will, called a testator, they appoint an executor. The job of the executor is to follow the instructions in the will, take care of the estate’s assets, pay off any debts, handle taxes and give the remaining assets to the beneficiaries. If...