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Undue influence happens when Person A is able to persuade or coerce Person B to make or change their last will and testament so that it benefits Person A. Typically Person A has control or power over the person who is making or changing their will (called the...
There was once a tradition where the oldest son inherited the farm, holdings or business. That kind of thinking has gone by the wayside for the most part, which means that parents typically divide things equally among their children when they draft a will or create a...
Perhaps, as a child, you always spent time at a family-owned cabin in the Catskills during the summer, or in retirement, your parents bought a condo in Florida. Now that your parents have passed away, they left their vacation home for you and your siblings to share...
For those who possess real estate in the U.S. and abroad, estate planning is a more complex process. It is vital that you include your foreign property in your estate plan correctly so that your heirs have no issues with their inheritance. Most other countries don’t...
Family battles over an estate in New York may develop into drawn-out litigations, bitter feelings and overwhelming stress for individuals who are also grieving from the loss of a loved one. At Busson & Sikorski, P.C., we understand the impact of your grief and...
New York has one of the most active commercial real estate markets in the world. There are few big businesses that would not like to get a foothold in the Empire State. As one of America’s most populous states and home to fashion, food and financial companies, it is a...
New York residents who own property in another country need to have whatever estate documents are necessary to make sure their property or assets are distributed to the proper heirs. This may include drafting a will not just for the United States, but for whatever...
Despite the advisability, most adults in New York do not have a will or any other estate plan in place. If you are one of them, you may believe that you do not need one because your children will automatically inherit from you upon your death even if you die...
If you wish to challenge the validity of someone’s New York will, you need to have legally sustainable grounds to do so. Simply disagreeing with the decedent’s distribution of his or her assets is not sufficient. FindLaw explains that to successfully challenge a...
If you are an heir of someone’s New York estate, the estate administrator (the executor of the decedent’s will) is a fiduciary who must manage the estate in your best interests. The same holds true of the trustee of someone’s New York trust of which you are a...