Most families want to make things easier for their loved ones and preserve as much of their hard-earned assets as possible. A well-crafted trust can help achieve both goals. By placing certain property in a trust, you can ensure it passes smoothly to your beneficiaries while minimizing taxes and avoiding the...
How Trusts Can Protect Your Assets from Probate and Taxes
Imagine your loved ones struggling through a lengthy probate process, waiting months—or even years—to access the inheritance you intended for them. Now imagine the government significantly reducing that inheritance through taxes you didn't plan for. Fortunately, there’s a powerful tool to avoid these costly outcomes: a properly structured trust.
A Guide to the New York Probate Process: What to Expect
Probate is a term that refers to the legal process of distributing a deceased individual’s estate. This process includes demonstrating the validity of the Last Will and Testament or disbursing the property in cases where there is no will.
Cases in Which Probate Is Unnecessary
There are times when the probate process is not necessary....
A Guide to the New York Probate Process: What to Expect Continue reading…
Why Avoid Probate?
Probate is the court monitored process of administering an estate after a person has passed away. You may have heard that it can be a good idea to try to avoid probate, which can be accomplished during the estate planning process. At this point, however, you may be wondering why it can be so...
Why Avoid Probate? Continue reading…
How is Property Transferred After a Person Dies?
There are many layers to estate planning and definitely more than most people are aware of. Most people think of estate planning as the transfer of ownership of property after a person dies. While there is more to it than that, it is true and it is a major part of estate planning....
How is Property Transferred After a Person Dies? Continue reading…
Estate Administration Attorneys Help Executors Avoid Pitfalls
Q: Can an Executor pay beneficiaries whenever he or she wants?
When sitting down with a New York or New Jersey estate planning attorney to make a comprehensive estate plan, you’ll be deciding many important things that impact not only the end of your life and the financial future of your loved ones, but...
Estate Administration Attorneys Help Executors Avoid Pitfalls 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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Being the Executor of an Estate
Q: What does an Executor of an estate have to do?
When executors are depicted in the movies, there is generally drama surrounding the estate they are in charge of administering. In real life, there may or may not be drama over the executor’s duties--and much depends on decisions made during the estate planning process.
In...
Being the Executor of an Estate Continue reading…
Putting Estate Planning on Your Bucket List
What should I do before I die?
Putting Estate Planning on Your Bucket List Continue reading…
There was a popular song a few years back by Tim McGraw encouraging people to live like they were dying. That sentiment – – to make the most of every minute of your life – – has a led many to create “bucket lists” of things they want...
Can estates sue and be sued?
New York and New Jersey estate administration attorneys know that regardless of how well someone may (or may not) have planned their estate before passing, helping an executor through the probate process is an opportunity to bring comfort and to ease the stress on the executor.
Often, went a testator makes their last will...
Can estates sue and be sued? Continue reading…