Most of us write down our wills and think our job is done. We think that with some basic estate planning we’ve ensured that our possessions will be passed down safely after our demise. But sadly, it’s not always that simple. Statistics show that every year about 0.5 to 3 percent of wills are contested in the US. So even if your will is properly signed and witnessed, there is still a chance for it to be Read More
An Overview of the Probate Process in New York
In New York, probate is necessary for assets solely owned by the deceased and haven’t been legally bequeathed to a designated beneficiary. This means that if the property owner passes away without a written will, the probate court will distribute the estate according to the state laws. However, if the property holder leaves behind a will that stands uncontested, the probate has a limited role to play. What Are Read More
Estate planning issues that could result in legal battles
New York residents may have spent time thinking about creating an estate plan. When doing so, there are certain issues to consider that may make a plan easier to execute. For instance, it is important who is named the executor of the estate. This person should be fair and objective about carrying out the wishes of the deceased individual. However, this could be a moot point if there is no valid will in place Read More
