The business succession process is relatively complicated, and apart from handing off the business to a new owner, there are various other aspects to consider. You will have to look into all of the assets, liabilities that apply for the move, ensuring that all the wealth you’ve amassed stays in the loop. Any carelessness could cost you a lot in the long run. Here’s what you need to work on: Read More
A Complete Guide to the Probate Process
Sorting out assets and estates might be the last thing on your mind after you lose a loved one. However, this needs to be done systemically to ensure the proper distribution of assets amongst the beneficiaries. If you aren't familiar with the probate process and want to get your hands on a comprehensive guide to it. We are here to assist you. This blog offers a breakdown of what a probate process can look like Read More
Executor’s Commission: What It Is & How It Works
For many, taking up the role of an executor of state would be something honorable. The position is often assigned to a family member or friend of a deceased person who was close and trustworthy to the deceased person. That being the case, the role used to be entirely voluntary and was not something you got compensated for. After all, it was something you were doing for a loved one who had passed away. This, however, 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 Divorce Issues and Concerns for High Net Couples In New York
The divorce rate in the United States is quite high, with almost 40% to 50% of married couples in the country ending up divorced. According to the American Psychological Association, the divorce rate for second or subsequent marriages is even higher. Couples going through a divorce often have to deal with complicated issues involving property division, spousal support, child custody, and child support. Many 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
Common Social Media Blunders to Avoid During Divorce Proceedings
Social media has been one of the most popular technological breakthroughs of the 21st century. Since 2004, it has grown steadily in popularity and number of users both. Social media platforms have now become a major source of information and news and provide a unique way to interact with people such as friends, family, customers, and more. According to statistics, there are over 3.5 billion social media Read More
Better Call Saul: Is the Show an Accurate Representation of Lawyers in Real Life?
Saul Goodman, Attorney at Law, has long been people’s favorite on-screen lawyer—maybe only rivaled by the good old Denny Crane and Tom Hagen. The protagonist of the Breaking Bad spinoff, Better Call Saul, Saul is a quirky, witty, and level-headed on-screen lawyer. As a fictional character representing a real-life profession, would Saul Goodman stand the test of time? Most Accurate Legal Show on Television? Viewers Read More
Why You Need a Probate Lawyer to Figure Out Your Estates NOW
Okay, maybe we went a little overboard with the NOW, but you do need a probate lawyer—sooner better than later. One day you will need your estates, assets, and other particulars to be sorted out. Imagine not taking the right step at the right time for your posthumous affairs and all potential candidates end up fighting among themselves. But this isn’t Game of Thrones—and you have probate lawyers who can help you 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
