Q: What is the spouse’s Right of Election?
New York and New Jersey estate planning attorneys are watching with interest as details of the estate plan of Cars front man, Ric Ocasek, come to light. Ocasek was discovered dead in his bed on September 15, 2019 by his wife of 28 years, former supermodel, Paulina...
Rough Road Ahead for Estate of The Cars Singer? Continue reading…
Deciding on Buying a Home
Q: What should I know before buying a home?
New York and New Jersey real estate attorneys help clients purchase their first home, upgrade to a larger home, and downsize to something smaller. Often, their first contact with a prospective homebuyer happens after they have already found what they think is the home of their...
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New Year, New Estate Plan
Q: How do I know if I need to update my estate plan?
As a new year-- and a new decade--recently began, many people made New Year’s resolutions to improve their lives. Quitting unhealthy habits like smoking, or adopting healthy habits like eating well and exercising are common resolutions--but they require a long-term commitment and...
New Year, New Estate Plan Continue reading…
Estate Creditors Should Not Delay in Making Claims
Q: How are creditors’ claims against estates handled?
When people think of estate planning, they often think about what assets they have and who they want to leave them to after they are gone.
Similarly, when beneficiaries think of estate administration, they may focus on what money and property they are going to receive—and how...
Estate Creditors Should Not Delay in Making Claims Continue reading…
Buying Flood Prone Real Estate in New York City
Q: Is it safe to buy a home on the flood-prone coasts of the New York City area?
When most people think of buying real estate in New York City, they may think of the “concrete jungle” setting of Manhattan—high up in skyscrapers where it’s dry and the idea of your home being flooded...
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Talking Estate Planning at the Holiday Table
Q: Should you talk about your estate plan at the holiday dinner table?
New York and New Jersey estate planning attorneys often encourage their clients to tell their adult children about their estate plans. You might even consider working estate planning talk into the holiday dinner conversation if the mood is right and the...
Talking Estate Planning at the Holiday Table Continue reading…
How Your Accounts May Impact Estate Planning and Administration
Q: How can having many accounts or joint accounts impact estate planning and administration?
When New York and New Jersey estate planning attorneys meet with a client to craft a comprehensive estate plan, they begin a fact-finding mission that examines the individual’s unique lifestyle, their assets and debts, their goals and plans, their worries and...
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The Right of Election in New York
Q: Can I disinherit my spouse?
Even in the best circumstances, the relationship between an adult child and their divorced parent’s new spouse can have its rough moments. Nowhere is this more pronounced than in the field of estate planning, as New York and New Jersey estate planning attorneys can attest.
There is a literal...
The Right of Election in New York Continue reading…
The Importance of Planning for Incapacity
Q: Why should people plan for incapacity?
The Importance of Planning for Incapacity Continue reading…
New York and New Jersey estate planning attorneys not only prepare people’s wills, but draft several other documents that together make up a comprehensive estate plan.
What documents are needed when planning for incapacity?90210 Star Reportedly Used a Revocable Living Trust in Estate Planning
Q: What is a revocable living trust?
Whether they’re from the music or television world, celebrities are viewed by some as role models – much to the chagrin of parents that might disagree with the examples set by their on-stage or off-screen behavior. Antics and personalities aside, estate planning attorneys are more likely to...
90210 Star Reportedly Used a Revocable Living Trust in Estate Planning Continue reading…