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For Estate Planning, Estate Administration And Disputes
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...
If you are looking at buying a piece of commercial real estate in New York City, you are probably thinking of more than the selling price of the property. You may have a great interest in how much the property is worth. While the value of a property helps inform its...
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...
When creating an estate plan, decedents choose who receives their assets when they die. These beneficiaries can be an individual or a group of people. When people leave their estates to a group, they must decide how the benefits get divided if one of those...
Estate plans can cover a wide variety of matters, including writing a will, establishing a power of attorney and creating an advance medical directive. Given all the activities involved in estate planning, it is easy to neglect or fail to implement certain parts of...
When you are buying real estate in New York City, you want to be sure that the property will live up to your expectations, particularly if you want to use it to generate income. Sometimes unexpected problems complicate a purchase, and you may have second thoughts...
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...
If you inherit a home that is in another country, that property will be subject to foreign laws. Such ordinances can be complex, and you may find it difficult to navigate through these complicated statutes. For example, some countries will not allow you to earn a...
The court divides a deceased person's property and assets through a process called probate. The court will follow the wishes of the decedent if that person left a will, but sometimes this process can unveil unpleasant surprises. If you believe a will is invalid, you...
New York State’s laws allow licensed professionals to form limited liability companies. As noted on NYSED.gov, individuals providing services that require a license issued by the Empire State’s governing board may operate through professional limited liability...