Navigating the complexities of family law can be overwhelming, especially when faced with sensitive and emotional legal matters. At Ledwidge & Associates, we understand the importance of providing clarity and guidance to our clients in Queens. Read More
Understanding the Probate Process: Insights from a Probate Lawyer in Brooklyn
The probate process is a legal procedure that occurs after someone passes away, involving the distribution of their assets and the settlement of their debts. You must first understand the probate process, as it clarifies the steps involved and the role of a probate lawyer in ensuring a smooth and efficient process. Read More
All You Need To Know About the Role of Executors and Trustees
If you’re writing your will and want your assets to be distributed as desired, then while completing the paperwork, you may come across terms like trustee and executor. It is crucial to understand the executor and trustee's role to navigate the will-writing process smoothly. Plus, it also helps ensure that the probate process after your demise is carried out seamlessly. So, continue reading for more clarity Read More
Understanding Real Estate Contracts: What You Need to Know
Are you planning to buy real estate in New York and realize your home ownership dream? Congratulations! However, when it comes to buying real estate, you must have a good understanding of the real estate contract so that there are no unpleasant surprises once you become legally obligated. Indeed, home buying in New York is not merely about presenting a fat check and shaking hands to close the deal; there Read More
Fiduciary Duty and Breach in Real Estate Transactions
Real estate transactions involve a lot of complex legal considerations, so it is important to understand the rules and regulations before you sign on the dotted line. One major consideration is fiduciary duty, which is a legal requirement that agents, brokers, and other professionals working in the real estate industry must abide by when they are dealing with clients or customers. In this article, we’ll explain what Read More
3 Common Mistakes Made by Executors
Being an executor is not as easy a role as one might assume. An executor has to deal with the loss of a loved one while simultaneously trying to get their will implemented and their estate distributed. The whole process involves a lot of legal leg work and documentation; so, it’s actually quite easy to make mistakes along the way. Seeing as when you become an executor you gain legal authority to finalise a person’s Read More
Debt and Probate: What You Need to Know
Most people have their legacies, properties, and assets on their minds when drafting their Testament and Last Will. But several other things must be considered and specified in an estate plan. For example, specifying what happens to your outstanding debts or those of a loved one after they pass away is crucial. If you owed a loan or debt in your lifetime, your family will be responsible for paying for it, depending Read More
Estate Planning: 3 Of The Most Common Mistakes and How To Avoid Them
Almost 50% of U.S citizens over the age of 55 don’t have a will, which is surprising when you consider that this crucial document allows you to achieve in death what you’ve devoted your entire life to—taking care of those you love. This can be a huge problem for heirs, since the legal process of dividing an estate – known as probate – can take a huge financial and emotional toll if there’s no will in place. With Read More
Common Probate Issues
According to Forbes, the COVID-19 crisis has forced US citizens to consider estate planning more seriously. As the crisis's volatility continues to impact our everyday lives, wealth transfer has become more common. Before you get down to business and start writing your will, here are a few problems that you might face in New York: Will Contests A will contest is a legal effort made to invalidate a will. Anyone can Read More
Can Executors and Administrators Be Removed for a Conflict of Interest?
An estate executor or administrator is an individual—or, in some cases, a corporation—who is granted permission by the courts to oversee the unsettled legal affairs of a decedent. This position comes with a variety of duties and responsibilities that depend on the scope and status of the estate in question. The duties of an executor may include distributing the estate's assets to beneficiaries, notifying Read More
