Must someone who borrows something return it to their estate after the lender dies?

It turns out the popular, snarky remark “don’t get your panties in a knot” might actually be appropriate to describe a recent New York City estate administration nightmare. The estate of a father is reportedly suing the dead man’s adult son—described as a “high-end underwear tycoon”— after Junior allegedly failed to return an...
Must someone who borrows something return it to their estate after the lender dies? Continue reading…

Can a decedent’s IRA beneficiary designation be changed after death?

The start of the new year is a popular time for people to re-examine their relationships and sometimes revise existing estate plans to reflect any changes in those relationships. But estate plan modifications can be made at any time of the year as well. New York and New Jersey estate planning attorneys must consider...
Can a decedent’s IRA beneficiary designation be changed after death? Continue reading…