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After you’ve made your estate plan, you may be wondering if you should talk to anyone about your decisions. While some people talk about their estate plans, many people keep their personal matters private. That doesn’t necessarily mean it’s a bad thing to talk to...
Funding a trust often involves giving up control of certain resources. An individual may move their home and other personal possessions into a trust to protect those resources from creditor claims and provide support for loved ones or charitable causes. The change in...
There are many rules that limit the ownership rights of those who have invested in real property in New York. For example, some properties have an easement attached to their titles that will prevent owners from keeping certain other parties off of their real estate....
Parents often want to give their children every opportunity in life, so they often want to leave their children a decent inheritance. Many adult children count on receiving an inheritance eventually to help them pay off student loans or fully fund their retirement...
Having an estate plan in place can bring peace of mind, knowing that your assets will be distributed according to your wishes after your passing. However, you may make mistakes that can jeopardize your legacy, even with the best intentions, and it can cause...
One of the most important things you can do after working hard your entire life is figuring out what will happen to your estate when you die. If you die without a will in place, New York intestacy laws would dictate how your assets are distributed. But what if you...
In today’s fast-paced world, where legal matters are becoming increasingly complex, it’s essential to have a solid understanding of intestate laws. These laws govern what happens to a person’s assets and property when they pass away without a valid will. In New York,...
The estate planning documents someone creates while still alive determine exactly what happens with their property when they die. Every adult who has acquired resources and taken on responsibilities to others, such as their children, has the legal right to decide for...
Most parents who take the prudent step of drafting or updating their wills to designate a person to become the legal guardian of their child should both of them die or become unable to care for that child never have that unimaginable scenario occur. Many of the...
When a loved one passes away, dealing with the process of settling their estate can bring up an array of emotions. One of those emotions might be anger if there were certain expectations regarding inheritance. In that situation, there may be some discussion regarding...