If your close family member lives in another country, you may become that person's legal beneficiary under foreign law. Understanding your rights and legal obligations when you inherit foreign real estate can eliminate costly liabilities. Transfer Requirements Most...
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Estate Administration & Probate
Steps to proving you looked for an estate’s heirs
If you are the executor of an estate, there is a lot to navigate when it comes to the probate process. There are assets, both physical and intangible, you must attend to as stipulated in a will. Finding who to divide the estate between complicates the process...
What is a citation in New York probate?
A part of planning your estate is choosing a person, perhaps a family member, to be the executor of your estate following your death. Whoever will be your executor will receive an appointment from a New York court. However, your beneficiaries must have their say...
The Basics of Estate Planning
For many people, the term estate planning refers to a somewhat vague concept that deals with individuals who have great wealth. In reality, though, estate planning benefits nearly all families and refers to the precise legal administration of a person's assets in life...
Who are some common estate plan participants?
An estate plan can help you prepare your affairs and give you a place to provide instructions for your surviving family members. Seeing that your plan unfolds the way you intend will require some help. Carefully selecting your estate plan participants can give you...
Tips for preventing family disputes during estate planning
Putting together your estate plan can help you protect your interests and make your wishes known regarding your assets. But many people have yet to take this important life step. According to a survey conducted by Caring.com, only 4 out of 10 people in the U.S. have...
How can you avoid common estate planning mistakes?
Regardless of your age or financial status, you must have a solid, legally binding estate plan in place. According to Kiplinger, it is equally important to avoid certain estate planning mistakes when making decisions. Keep in mind, your estate plan not only protects...
Can you contest a living will?
Planning for end-of-life care and emergency medical procedures can be difficult. After all, when a person is healthy, serious illnesses and injuries can seem like abstract concepts. Still, creating a living will is one of the more effective ways to maintain control...
How can I avoid common estate planning mistakes?
Having a comprehensive estate plan is crucial. Wills and other estate planning tools ensure your heirs receive your assets after you are gone. They can also help you minimize taxes when developed strategically. While it is crucial that you have an estate plan in...
Is it time to review your estate plan?
Creating your estate plan is just the first part of having a healthy and comprehensive end-of-life structure. Your life constantly changes. Thus, you want your estate plan to reflect this. This means reviewing your plan somewhat frequently. But just how often should...