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Wednesday, April 27, 2022

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.
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Wednesday, April 27, 2022

The Relationship Between Estate Planning and Financial Planning


Many are not clear about the differences between financial planning and estate planning. Both are important but serve separate and distinct purposes. To manage your money now and to protect your wealth in the future, understanding how financial planning and estate planning work together is vital.
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Sunday, April 24, 2022

Is It Time to Consider Guardianship for an Older Relative?


Guardianship means that a family member of an elderly parent or relative is placed in a position of higher responsibility to make medical and daily care decisions. The question about who and when to name a guardian for your aging loved ones is a significant one.

Watching a parent age is emotionally difficult. Those who used to provide the care for you now need you to care for them. Under certain circumstances, it may become necessary for you to pursue court-appointed guardianship of your parents.


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Sunday, April 24, 2022

8 Signs Your Estate Plan Needs an Update


If you have taken time in the past to create an estate plan, or you’re considering doing so now, that’s good news.

Having an estate plan ensures that the wealth you’ve worked hard to create is protected. It makes sense that your assets should be distributed as you wish.


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Sunday, March 6, 2022

Pandemic-inspired Wellness Design Tips for Home Sellers


Which wellness design features do today’s home buyers want?

It’s a seller’s market at the moment in New York and New Jersey. Real estate attorneys have seen clients engage in frantic bidding wars in the quest for a new home as low mortgage interest rates and low inventory of houses have driven house prices up. And while sellers may not have to woo buyers to get a fair price, adding some trendy “wellness” upgrades to the home could bring an even higher offer to purchase.
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Sunday, March 6, 2022

A Peek into Stephen Sondheim’s Estate Plan


Are trusts just for celebrity estate planning?

New York and New Jersey estate planning attorneys assist clients from all walks of life-- from those with modest means to wealthy celebrities. Some people think that estate planning is only necessary if you are wealthy, but everyone over the age of 18 can benefit from estate planning. And as you go through different phases of life, your estate plan can be reviewed and revised as needed.
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Thursday, February 3, 2022

What Happens If Your Primary Beneficiary Dies?


It is great to have an estate plan in place. An estate plan is an important step towards protecting your wishes for yourself, your loved ones, and your assets you have spent a lifetime acquiring. An estate plan puts protections in place in the face of an otherwise uncertain future. While we can never plan for every future contingency or possibility, an estate plan can help cover a number of basis. That is why the most solid estate plans considers future possibilities and provides protections as best as possible.


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Thursday, February 3, 2022

What is a Pour Over Will?


While you may have heard of a will, you may not have heard of a pour over will. A pour over will, however, can be a valuable estate planning tool when properly employed. In particular, a pour over will can be a great safety net if you have put a trust in place to hold your assets in order to avoid the costly and time consuming proceedings involved in probate. Read on to find out what exactly a pour over will does and why it can be such a useful part of your estate plan.

What is a Pour Over Will?

In a pour over will, which is a legal document, the remaining assets in a person’s estate automatically transfer to a previously established trust when they die.


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Monday, January 31, 2022

Who Pays Closing Costs?


There are some big numbers flying around in real estate deals and this means potentially large financial consequences for both buyers and sellers alike. Closing costs, for instance, can get very pricey and may be more than you bargained for if you aren’t paying attention to the details, and there can be a great many details. In fact, many buyers and sellers end up being downright shocked by closing costs.


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Monday, January 31, 2022

What to Do With Your Home When Moving to a Nursing Home


Moving to a nursing home can be a really big step, but it can also be in the best interests of both an older person with advancing care and assistance needs as well as loved ones that may worry about the older person living on their own. As you move to a nursing home or help a loved one move to a nursing home, the question will probably come up regarding what to do with the house. This is a difficult and delicate issue to address not just because a person’s home holds so much sentimental and personal value. There are also the financial aspects to consider. Here, we will take a look at what to do with your home when moving into a nursing home.


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Sunday, January 30, 2022

What to Expect in the 2022 Home Buying Market


As the decade-long housing shortage collided with record-low mortgage rates, changing labor demographics, and increased chances for younger homeowners to purchase their first homes, the COVID-19 pandemic sparked a home-buying frenzy in 2021.

With record-low loan rates, the fastest yearly rise in single-family home values and rents, record-low foreclosure rates, and the largest amount of home sales in 15 years, the housing market has had an amazing year.

Will the housing market continue this trend into 2022, or will we see a crash into a buyers' market? Although nobody can predict the future, it’s possible to identify and analyze trends and anticipate if they are likely to continue.

Are you considering selling or buying your home this year? Here’s what you should expect to see for the 2022 home-buying market.

End of 2021 Trends

After two quarters in a row of declines, the housing market experienced an incredible rebound in the final quarter of 2020.
Read more . . .


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