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
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
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
An Estate Planning Checklist for Beginners
Preparing for the end of your life sounds challenging, but it’s something that you should do, notwithstanding. Having a well-thought-out will is not just essential for seniors but for the youth too. Life is uncertain. The best you can do for your children is to plan your estate carefully and intelligently. Let’s cover the basics of estate planning: Make a list of your belongings. To get started with your estate Read More
Questions for a Probate Attorney: How Does the New York Probate Process Work?
The New York probate process will vary, depending on whether the deceased had a will or trust or had no such documents expressing their last wishes. After someone dies, their assets, property, and other belongings, which are called their estate, have to be distributed to surviving loved ones, called heirs. In addition, any outstanding debts must be paid. There are also estate taxes that have to be paid. To Read More
