Jun 13, 2024 by Ledwidge & Associates
Guardianship is a legal arrangement in which one person is appointed to make decisions on behalf of another who is unable to make decisions for themselves. In Queens, New York, families may face the decision of whether to pursue temporary or permanent guardianship for their loved ones who are incapacitated or unable to manage their affairs. Understanding the differences between temporary and permanent guardianship is essential for making informed decisions ... [Read More]
Jun 5, 2024 by Ledwidge & Associates
Contesting a will is a legal process in which a person challenges the validity or terms of a deceased individual's will. In Queens, New York, probate disputes can arise for various reasons, leading to contentious legal proceedings. Here's what you need to know about contesting a will in Queens: Grounds for Contesting a Will There are several grounds on which a will can be contested in Queens, including: Lack of ... [Read More]
May 29, 2024 by Ledwidge & Associates
Living life in Queens often means looking ahead. You build a career, raise a family, and accumulate assets. But what happens if you're ever unable to manage your affairs due to illness, injury, or age? A Power of Attorney (POA) can be your answer. What Is a Power of Attorney? A POA is a legal document that allows you (the "principal") to designate a trusted person (the "agent") to make ... [Read More]
May 22, 2024 by Ledwidge & Associates
Investing in real estate can be a lucrative venture, but it also comes with risks. Queens, New York, is a vibrant market with diverse investment opportunities, but real estate investors must prioritize asset protection to safeguard their property portfolios. Here are some factual strategies to help Queens investors protect their real estate assets: Forming Limited Liability Entities One of the most effective asset protection strategies for real estate investors is ... [Read More]
May 2, 2024 by Ledwidge & Associates
When a loved one passes away in Queens, New York, navigating the legal process to distribute their assets can feel overwhelming. This process, known as probate, ensures the deceased person's wishes are followed and their debts are settled before beneficiaries receive their inheritance. Understanding the probate process in Queens can help you approach this situation with more confidence. Is Probate Required for Every Estate? Not all estates require probate. In ... [Read More]
May 2, 2024 by Ledwidge & Associates
Choosing the right agent to act on your behalf as a power of attorney is a crucial decision that requires careful consideration and planning. In Queens, New York, residents must weigh various factors to ensure they select a trustworthy and capable individual to handle their financial and legal affairs. Here are some practical tips for selecting your power of attorney in Queens: Trustworthiness and Reliability: The most important qualities to ... [Read More]
May 2, 2024 by Ledwidge & Associates
Selecting a guardian for your children is one of the most important decisions you'll make as a parent. In Queens, New York, families must carefully consider various factors when choosing a guardian to ensure the well-being and best interests of their children. Here are some essential considerations for Queens families to keep in mind when selecting a guardian: Values and Beliefs When choosing a guardian, it's essential to select someone ... [Read More]
May 2, 2024 by Ledwidge & Associates
Estate planning is a critical aspect of financial management for families in Queens, New York, seeking to preserve and maximize their wealth for future generations. By implementing strategic estate planning strategies, families can minimize tax liabilities, protect assets, and ensure their loved ones are provided for. Here are some practical tips to help Queens families navigate the estate planning process effectively: Start Early: It's never too early to begin estate ... [Read More]
May 2, 2024 by Ledwidge & Associates
Probate administration can be a complex and time-consuming process, but with careful planning and organization, executors in Queens, New York, can streamline the probate process and expedite the settlement of the estate. As the individual responsible for overseeing the administration of the decedent's estate, the executor plays a crucial role in ensuring that assets are distributed according to the decedent's wishes and in compliance with state laws. Here are some ... [Read More]
May 2, 2024 by Ledwidge & Associates
Granting power of attorney is a significant decision that empowers someone to act on your behalf in legal and financial matters. However, circumstances may change, leading you to reconsider or revoke the authority you've granted. For Queens residents navigating power of attorney revocation, understanding the process and requirements is essential. Here's what you need to know: Legal Basis for Revocation In Queens, as in the rest of New York, you ... [Read More]