Very often, it happens that the beneficiaries aren't satisfied with an administrator. Whether they aren't happy with how they handle the probate process or how they breach their fiduciary duties, this can become a ground for removing an administrator. But do beneficiaries have the right to challenge the administrator's actions in court? Can heirs request the removal or replacement of an administrator? This blog 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
Your Will & Pension: What You Should Know
The will you make should ideally include details for how you would want all your assets to be settled and distributed amongst all your beneficiaries. People will add the different properties they own, the liquid money and valuables they have, and the money they expect to get to be distributed. Most people would expect that money owed to you from your workplace would also end up in the same assets pile, but that’s Read More
3 Key Reasons You Should Create an Estate Plans for Your Future
When we talk about estate planning, many people immediately associate it with the ultra-rich. However, contrary to popular belief, anyone can benefit from having an estate plan no matter what their net worth is. According to Forbes, only 42% of the adults in the United States currently have an estate plan such as a living trust or a will. While end-of-life planning can be depressing and seem morbid, it is 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
Why Title to Real Estate Often Complicates Estate Administration in New York
When a loved one passes away, their estate will need to be managed. However, doing so successfully can become far more complex where titles to real estate exist. We take a closer look at why probate law in New York State can cause controversy among beneficiaries and how executors can go about closing an estate in NY properly. Insufficient Asset Gathering Many estate litigation cases have come about as the result of Read More
