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
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
When Is Probate Not Necessary In New York?
When you're planning your estate, your goal should be to spare your family and legal heirs the hassle as much as you can. The probate court proceedings could be very extensive, costly, and complicated. If you're based in New York, here's when you can avoid probate: Joint Ownership If you jointly owned property with your deceased spouse, the probate process won't apply if you had 'rights of survivorship.' In this Read More
Do Life Insurance Beneficiary Rules Supersede Those of a Will in New York?
Life insurance can be a great investment to alleviate the financial burden on your surviving family should you die unexpectedly. The policy can help cover the costs of your funeral, pay off outstanding debts, and ensure your family is provided for financially. However, there can be issues that arise regarding wither your life insurance beneficiary rules will supersede those of your will. When you die, whether you Read More
Naming Beneficiaries on Life Insurance While Having a Trust in New York
Many people consider creating a trust either to complement their will or in place of a will. There can be several tax benefits to using a trust for certain types of assets, as well as avoiding hefty inheritance taxes and estate taxes. If you are considering creating a trust in New York, there are several key things you need to know about naming beneficiaries on life insurance, 401(k)s, IRAs, and other such financial Read More
