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For Estate Planning, Estate Administration And Disputes
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...
Formulating an effective estate plan may involve utilizing fiduciary tools to help your family after your death. The more diverse your plan, the higher the likelihood that some of your assets may bypass probate. While probate itself is not bad, it is time-consuming...
Real estate developers hoping to expand their construction space in New York City may buy rights to build in a vertical direction. These development rights include the empty air space above an existing building. Cornell University explains how air rights consist of...
Under Internal Revenue Code Section 1031, real estate investors may defer recognizing capital gains on their income tax returns. By exchanging real property for another that is similar in type, or “like-kind,” you may defer capital gains taxes, and in some cases,...
When starting a business, one of the decisions owners must make is determining how to structure. Of the available options, ventures with more than one owner often consider organizing as partnerships. To help determine the right structure type for their needs and...
When someone dies, interpersonal conflicts sometimes surface. As estate planning differences develop, the arguments are often heart-wrenching. The best way of avoiding estate battles is by making sure asset planning is in proper order. Hire a professional to check...
Your estate plan can protect your family after you are gone by distributing your assets in the manner you see fit. Living wills are components of estate plans that protect you while you are still alive. Because they play such an important role, you must create a...
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...
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...
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...