If you have a life insurance policy, you may be counting on that money to leave your family members a significant inheritance. Even if you do not have other significant assets, you know that they are going to receive a payout from the life insurance company, and you...
Trusted Attorneys For Estate Planning And Administration, Real Estate, Tax Matters And More
Gabor & Marotta LLC Legal Blog
Contesting a will is possible in limited circumstances
There are usually a lot of emotions present when you learn that a loved one passed away. Those might intensify if you discover that the decedent’s will doesn’t reflect what you thought it would say. In some cases, it’s possible to contest a will. In order to contest...
Power of attorney: What duties can you give your agent?
Giving someone a power of attorney (POA) is a big step. It means you trust them to make decisions on your behalf. However, not all POAs are the same. Understanding exactly what duties you can assign your agent is essential if you’re considering creating a POA. For...
What are the legal requirements for contesting a will?
When a loved one passes away, the reading of their will can bring unwanted surprises. For example, the terms of that document might not reflect what you believe your loved one wanted. If you wish to challenge its contents in court, you will need to meet a few...
When a testator can’t understand the will they’re signing
Probate litigation may be filed as a result of concerns about the conduct of a personal representative. Occasionally, even if a personal representative shows every indication of competently and ethically fulfilling their responsibilities, other parties may still need...
Totten trusts can play an important role in estate plans
Creating an estate plan is an important task for any adult, but it’s one that can be challenging because of everything that has to be considered. Some people who are just starting on this process may not think that they need to entertain the idea of having a trust,...
How tax efficient is your estate plan?
Many people solely focus on who will inherit their assets when creating their estate plan, but that’s only part of the picture. Taxes can quietly erode the value of your estate, leaving your heirs and other beneficiaries with far less than you intended them to...
2 ways to keep assets out of probate
Many assets go through probate after a person passes away. Their estate plan helps to guide this process. The estate executor inventories the assets, handles debts or taxes, distributes assets to beneficiaries and much more. But it is also possible to keep some assets...
4 great charities and nonprofits to support in New York
There are plenty of ways to advocate for causes that align with your core values in life. Two of the most effective ones include donating and volunteering. While this act of kindness may seem like a seasonal activity for some people, you can take it one step further...
Is putting your assets in a parent’s name safe?
Managing your wealth can sometimes feel complicated, especially when you want to protect it from unexpected events like a divorce. Some individuals consider transferring assets to a parent’s name as a way to shield property or investments. At first, this might seem...