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
Each state has a set of interstate succession laws. These apply when someone (the “decedent”) dies, and they did not leave a last will and testament. In that case the courts of the state in which the decedent passed must determine who should receive the d
When you pass away, someone must be appointed to manage the administration of your estate. There are a variety of tasks like gathering all your estate assets, notifying creditors, filing final tax returns, and more that need to be handled by someone. If y
When you’re concerned about someone else making decisions on your behalf under an existing power of attorney or your current agent is no longer able to serve, you might want to revoke your NY Power of Attorney. Learn more about doing this in this blog but
The steps for revoking a revocable living trust are relatively simple, namely executing an official document of dissolution and the transfer of assets. A revocable trust refers to a legal entity with a financial structure that allows the person who create
Estate planning can be a tricky subject, particularly when your loved ones struggle to confront the prospect of their own mortality. This conversation does not have to be difficult when you know how to approach it the right way. One of the easiest ways to
The new year provides incredible opportunities to capitalize on the momentum of transition and looking forward to the future.
Keeping your goals very specific when it relates to accomplishing financial goals and estate planning goals is necessary to en
Your will is the basic document in which you can name who you want to become guardian of your minor children and who you'd like to receive assets inside your estate. However, a will does not encompass all of the different assets in your estate and therefo
Last time we looked at planning for blended families in general terms. Now let’s discuss some specific trusts that you might want to consider.
One such trust, which provides an excellent form of asset protection, is called a Qualified Terminable Intere
Planning for blended families can present unique challenges, in part because the interests of a current spouse and any mutual children often conflict with the desire to provide for one’s children from a previous marriage. For example, if all of an estate’