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When buying property in New York, you might hear the term "title insurance" and wonder what it means. Simply put, title insurance is protection for buyers and lenders against problems with the property’s title. But do you really need it? Let’s break it down. What is...
When you start a business, you’ll need to choose its legal structure. Two popular options are corporations and limited liability companies (LLCs). Both structures protect business owners from personal liability, but they operate differently in several key areas....
When a family member dies, dealing with probate often adds stress to an already challenging time. Getting through probate quickly matters in New York County, where property values run high. The good news? You can take explicit steps to move your case faster through...
A 1031 exchange is a strategy that many savvy investors use to defer capital gains taxes, reinvest in new property and build wealth along the way. In simple terms, it allows you to sell a property and reinvest the proceeds in a new property while deferring capital...
Your estate plan needs to match your current life situation. As your life changes, so should your estate plan. Regular updates keep your wishes clear and your loved ones protected. What is an estate plan review? An estate plan review checks your current legal...
Dreaming of owning a piece of the American landscape? As a foreigner, you might wonder about your options for purchasing property in the United States. The good news is that many opportunities exist, but understanding the rules and regulations regarding the types of...
Estate administration involves managing and distributing a deceased person's assets according to their will or state laws if no will exists. At the center of this process is the executor, an individual appointed to ensure the proper settlement of the estate. Choosing...
An executor plays a crucial role in estate administration and manages and distributes a deceased person's assets according to their will. In New York, executors must navigate legal and financial responsibilities while honoring the decedent's wishes. Here are five...
Planning for the future might feel like something you can always put off, but when it comes to estate planning, delaying can lead to serious problems down the road. Whether it’s making decisions about passing on your assets or planning for healthcare, these choices...
As a trust beneficiary, you rely on your trustee to manage assets responsibly and in your best interest. However, sometimes, trustees may not fulfill their obligations. It is crucial to recognize potential signs of fiduciary duty breaches. Below are signs your trustee...