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Posts in category: Estate Planning

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“Ask Andy:” FREE Answers to Your Estate Planning Questions

September 28, 2022
by SM_Admin Elder LawEstate Planning

Have you ever wanted to ask an experienced estate planning and elder law attorney anything about their areas of practice—and get answers for free? You could ask about: Wills and trusts; How to get assistance from Medicaid to pay for nursing hom

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Fountain Pen Signature.

Clarify the Intentions Behind Your New York Estate Plan to Avoid Family Fights

June 27, 2022
by SM_Blog Estate PlanningLetter of Intent

No one wants their family to end up fighting in Surrogates Court over the estate plan that they created. Unfortunately, family disputes over property and money often occurs if your beneficiaries or family members who have been left out of the will or who

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Close up hand of man signing signature loan document to home ownership. Mortgage and real estate property investment

What Are the Most Common Kinds Of Trusts In New York?

May 15, 2022
by SM_Blog Estate PlanningTrust

In addition to a Last Will and Testament (a Will), there are other tools available to you to help you accomplish your estate planning goals. One of the most popular is known as a trust. There are several types of trust, and they are not all the same, nor

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Probate text written on a diary . Testament and last will.

Some Of The Most Common Probate Problems In New York

April 15, 2022
by SM_Blog Estate PlanningProbate

Planning ahead to ensure that the vast majority of your estate does not go through probate can make things easier for your loved ones. Unfortunately, as many family members find out after the fact, probate can be time consuming and expensive, but these

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Notary signing a contract with fountain pen

When Can A Trustee Be Removed From Their Role In New York?

March 15, 2022
by SM_Blog Estate PlanningTrustee

Are you thinking about using a trust for estate planning purposes in New York? If so and you’re using a revocable trust, you might also name yourself as the trustee for the foreseeable future. However, if you’ll be appointing someone else in this role,

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Magnifying glass on financial report

How To Assemble a List of Debts for Your Estate Planning

February 15, 2022
by SM_Blog AssetsDebtEstate Planning

It will fall to your personal representative or your executor to gather all of the assets inside your estate and compare them with any debts or claims from creditors. This information is used to process your estate administration as your estate goes throu

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Power of Attorney Concept

NY Powers Of Attorney 101: What You Need to Know

January 15, 2022
by SM_Blog Estate PlanningPower of Attorney

In addition to creating a will and possibly even a trust to manage the distribution of your assets after you pass away, you may also need a power of attorney document which is more important for management of your life while you are alive. A power of atto

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Retirement planning and family investment concept with wealthy tree growing on parent -children's hands

Do I Have to Leave Something to My Kids and Spouse in New York?

November 15, 2021
by SM_Blog AssetsEstate Planning

In general, you’re able to leave assets to who you want in your estate plan. However, there are some exceptions to this in certain states when it comes to immediate family members like a spouse or children. You’ll need to discuss your estate planning arra

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Probate text written on a diary . Testament and last will.

Three Things That Can Slow Down a New York Probate

September 28, 2021
by SM_Blog Estate PlanningProbate

If you’re just entering the probate process because a loved one passed away, you might be curious about how long it will take to tie up the loose ends of the administration of the estate. Perhaps you’ve been appointed in the role of executor and other fam

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Fiduciary Duty

What Is a Co-Fiduciary?

September 15, 2021
by SM_Blog Estate PlanningFiduciary

If you are in the process of putting together your New York City estate plan, it might be a difficult decision when selecting the executor of your estate. This person might also be known as a fiduciary because of the legal and ethical requirements they mu

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