Marital Status and Your Inheritance—A complete Guide

Do you know that your marital status impacts your right to inherit from your partner? Yes, that's right! A probate law court determines how much you'll inherit from your partner's assets based on your marital status in the absence of a will. In addition, spouses and married partners have the same legal rights to inherit—and did we mention that your old will will automatically get canceled once you get Read More

3 Things to Know When Contesting a Trust

In some cases, people can file a lawsuit against a trust made by a recently deceased person. People usually contest the trust of close family members like parents or spouses. But contesting a trust has many requirements and facts you should know beforehand. Anyone contesting a trust must fulfill these requirements and follow the standard legal process. Here are some things you must know when contesting a Read More

Why You Should Consider a Trust for Your Estate Plan

There’s a certain stigma attached to trusts, which seems to be that only the rich and powerful can utilize one - but this couldn’t be further from the truth. Even those with a modest amount of savings can gain set up their own trust, and there are many different ways for your average joe to utilize them. Trusts Provide More Control Over Your Assets By and far the most common reason for creating a trust, they Read More

3 Common Estate Planning FAQs

Estate planning should be one of the most crucial decisions of your life. However, most people don't know how to do it the right way when it comes to estate planning in Manhattan. We understand that estate planning can be complex; therefore, let us help you! Here are some common estate planning FAQs and their answers. Why is Estate Planning Important? Do you have many assets? Who do you want to inherit your Read More

Estate Planning for Young Individuals— A Guide

Do you think estate planning is necessary for older people only? Think again! If you’re a young individual with any assets like property, funds, or more, estate planning is a must for you. However, estate planning is complicated, as many services create trusts and wills for old people only. Here’s everything young adults need to know about estate planning. Estate Plans Are the Best Option in Catastrophic Medical Read More

Why do I need an Estate Plan?

A common misconception of estate planning is that to have one, you have to be a Gatsby-esque big shot, with a lot of money to manage. The truth is that if you have any significant assets that you’d like to be properly passed on in your absence, or even if you’d like to designate someone to take care of you should you become incapacitated, you should start your estate plan sooner than later. Estate plans can ensure Read More

3 Ways to Protect Your Property from Real Estate Deed Fraud

According to the Journal of World Economic Research, real estate deed thieves stole $547 million in 2020, and this amount increased last year. A real property deed fraud occurs when a property gets transferred illegally without the authority and knowledge of the actual owner. This usually happens to vacant properties whose owners have died recently or are too old and busy to maintain them. Most deed fraud committers Read More

3 Types of Guardians and Their Purpose

According to family law, if an adult is unable to take care of themselves, or if a child’s parents pass away, they need a guardian. A guardian is a person who has the legal authority to make decisions about another person’s life. The court usually assigns a guardian, but a person can also appoint a guardian for their children in some cases. Most guardians have full guardianship, meaning they have total control over a Read More

Basic Estate Planning Tools You Should Know About

Most people choose to believe that making a will or trust is the only thing they have to do during estate planning, but that’s not all! You have to take other steps in estate planning to ensure that your property or assets go to the right heirs. In a successful estate plan, you should also assign an additional power of control to a trustable family member, so they can access your real estate assets. Here are some Read More

3 Inheritance Issues for Unmarried Parents

In the past centuries, courts didn’t accept non-marital children as inheritors, which means that children with unmarried parents received nothing from their parent’s assets. However, family law has evolved a lot, and the state now recognizes children of unmarried parents as beneficiaries or heirs. Here’s an in-depth discussion about how inheritance works for the children of unmarried parents. Will-Based Read More