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For Estate Planning, Estate Administration And Disputes
Few people want to think about losing a loved one, which deters conversations about estate planning. However, knowing what to expect when someone passes is vital, especially when they have a sizeable estate to settle. Probate is a common element in estate settling....
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...
For non-citizens, forming an LLC in the United States can be an excellent way to purchase property. However, there are certain limitations to consider before taking the plunge. See below for some basic information about forming an LLC to purchase property as a...
It is common in the country for unmarried couples to cohabitate. In 2016, there were around 18 million cohabiting unmarried couples in the United States. As more couples adopt this living arrangement, it raises the issue of whether a partner can be your estate's...
When someone in New York drafts a will and then passes away, there are certain grounds under which someone might challenge the will’s contents. “Undue influence” is a legal concept that someone people cite when challenging a will, which, in simple terms, means someone...
Estate planning is complex when dealing with family members living outside the United States. An individual cannot leave their financial affairs until the last minute, as the tax codes and estate planning laws vary across the globe. Ignoring key planning...
When choosing an executor for your estate, you may lean toward a family member above all else. After all, who knows you better than your family? Unfortunately, a familiarity with you is not the only skill that an executor needs, though. In fact, your executor needs a...
An estate plan involves many different parts, such as advanced medical directives, establishing power of attorney, creating a will and more. Due to the many moving parts, it is easy to accidentally overlook certain aspects of an estate plan. What sort of oversights...
Estate administration can be complex. Here is some information on estate administrators. Specifically, here is who can be one and what they do. Must the administrator be a legal representative? The administrator does not have to be a legal representative. However, the...
As most people age, they have a greater need for more involved care. Of course, the exact level of care needed differs from person to person. However, many will eventually want to look into options for long-term care facilities. What indicates a good care facility?...