Estate planning is an important aspect of preserving your legacy that many people tend to overlook until it’s too late. Estate planning involves the process of preparing for the transfer of one's assets and wealth to loved ones after death. It allows you to organize your affairs to make sure that the management of all your assets is done in alignment with how you want after your passing Read More
DNR and Guardianship: Who Can Sign One and When
Guardians have enormous responsibilities that can often be challenging and stressful. One such responsibility is that relating to DNR orders. DNR (Do Not Resuscitate) for an incapacitated person can be signed by a guardian. Read More
Title Defects: What is It and How to Settle Them?
As a new homeowner, you may think that the transaction ends once they’ve signed all the documents. As great as it would be if that were true, it is unfortunately not. There are some things that can actually threaten your titleholder rights called title defects. Read More
Why Should You Consult An Estate Planning Service in New York?
Everyone, not just the wealthy, needs an estate plan. Whatever your present financial situation, you should have an estate plan in place to ensure your loved ones are provided for after your death. Read More
3 Common Reasons Wills are Contested
What Does A Probate Lawyer Do? The word probate refers to the official validation of a will, but the word only describes a few of the duties that a probate lawyer takes on. Here’s a rundown on some of the most essential services that a probate lawyer offers: Will and Trust Preparation Everyone wishes to leave behind something for their loved ones after they pass away, so that they can live a good life in their Read More
3 Common Reasons Wills are Contested
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
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
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
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
Contesting a Will in New York State
If you believe a will isn’t valid, you may be able to contest it. This means challenging it after it’s submitted to the court for approval. It’s important to know that a person can set up their will in any way they see fit, even disinheriting their relatives if they wish. A will is presumed to be valid unless proven otherwise. However, even if the person who created the will (the “testator”) took all the Read More
