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...
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What to Look for in a Business Litigation Attorney in NYC
Choosing the right attorney for your business can feel like a big decision, especially when litigation is on the table. The stakes are high, and the last thing you want is to leave your case in inexperienced hands. Understanding what to look for in a business...
The Hidden Dangers of Not Using a Commercial Real Estate Lawyer in NYC
Ever thought you could handle a big real estate deal on your own? Many people do, believing they can save time and money by skipping professional help. But without the right legal expertise, you might end up in a bind that could cost you far more than you anticipated....
Are estate executors and trustees the same?
When a person passes, they leave behind all their money, assets, debt and property. Together these make up the estate of an individual. In New York, an executor and trustee are essentially the same in that an owner of an estate gives them the fiduciary duty to manage...
How does ancillary probate work in New York
If someone dies who does not live in New York but owns property in the state, the New York probate court has jurisdiction over that property. The estate representative in the other jurisdiction will have to file an ancillary probate proceeding to administer the...
Answers to common questions about QPRTs
Your primary home in one state and vacation home in another must go through separate or ancillary probate in their respective states before transferring to your beneficiaries after you die. A QPRT or qualified personal residence trust may help your heirs avoid the...
Choosing a health care proxy
As part of their estate plans, many people choose to also prepare for incapacitating illness or injury. To this end, they sometimes appoint health care proxies. A chosen personal representative, a health care proxy makes medical decisions on behalf of a grantor when...
What do you know about your options for business insurance?
You want to start a small business in New York, but you want to protect your investment of time and energy. How does commercial insurance help you meet that goal? Forbes breaks down different business insurance policies. Learn how to give yourself peace of mind about...
Should foreign investors prepare for a New York City real estate boom?
International investors have been justifiably wary as they observe current high-end real estate trends in New York City. However, recent signs may indicate a rapid and unusual rebound in the near future. Will there be an uptick in sales of distressed assets? Veteran...
Preventing a will contest
Ultimately, an estate plan ensures your wealth and assets transfer to your beneficiaries according to your wishes without any interference or delays. However, even if you have all of your end-of-life plans in order, the best-laid plans can go awry if a relative...