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The pandemic brought about extreme changes globally. With lockdowns implemented all over the world, plenty of businesses and corporations temporarily closed. It has been four years since then, but has the commercial real estate industry recovered from its losses since...
The United States is the land of the free, and rightfully so. The country has no specific restrictions on real estate ownership for foreign nationals. If you are from a foreign country and are interested in purchasing property in New York, you should structure your...
When an individual drafts a will, called a testator, they appoint an executor. The job of the executor is to follow the instructions in the will, take care of the estate’s assets, pay off any debts, handle taxes and give the remaining assets to the beneficiaries. If...
Estate administration involves making important decisions about what happens to the assets of a loved one after their passing. Typically, someone is designated in a will to administer the estate; this person is sometimes called an executor, a personal representative...
Probate and estate administration are complex topics people may overlook until they encounter a sudden death in the family. When it happens, surviving family members can be too busy grieving the loss to sort out legal matters concerning the deceased's estate. When...
New York has various characteristics that make it attractive to foreign businesses, including the state’s diversity, strategic location, potential for growth and stable economy. There is no question that these ventures can open significant opportunities and benefits....
When a person dies, they leave behind all their things, and the amalgamation of all their assets, liabilities and debt is their estate. An estate is not a living or thinking thing. It will not organically manage itself and transfer itself to your surviving next of...
Naming an executor is often part of drafting a will. If you have a person in mind, you can fill the role with little to no trouble. Still, there is no assurance that they can perform as an executor properly. Typically, an executor's responsibilities require immense...
Estate planning can be a complex endeavor for individuals with only one citizenship. There are numerous legal and financial considerations within their home country that they have to think about. However, for dual citizens, the complexity becomes a two-fold enigma....
Understanding the intricacies of real estate transactions can pose a substantial challenge. Both experienced investors and individuals new to real estate often explore avenues to enhance tax benefits. One intriguing option is a 1099 sale, an arrangement that opens...