Who Needs a Revocable Trust?
Proper estate planning involves evaluating all the tools available at your disposal. Inevitably, you will need to consider how useful a revocable trust could be
New York Intestate Succession Laws
Intestate succession can be a thorny subject because the people involved are typically still grieving while trying to sort through a complicated situation. Unfortunately, once
What Is a Beneficiary?
What is a beneficiary? That is a question you must know the answer to if you are planning your estate. Failing to come up with
How Does a Trust Work for Inheritance?
Different tools, such as wills, powers of attorney, and trusts, are commonly used for estate planning. However, there is one more estate planning tool, known
Do Trusts Pay Tax?
People set up trusts to preserve their assets and ensure their easy transfer to the designated beneficiaries. For example, you can create a trust in
The Difference Between Guardianship and Power of Attorney
None of us want to think about our parents becoming incapable of caring for themselves. Sadly, that is a distinct possibility for many families, and
What Is a Partition Action?
When multiple owners are involved, determining how to manage a particular real estate property can become complicated. Things can get so complex and contentious that
Asset Protection Planning in Long Island
Ideally, you want the assets you have amassed throughout your life to go to the people you care about the most. To ensure that happens,
What Makes a Will Legal in New York State?
It is never too early to start estate planning. However, while going through that process, you may ask yourself what makes a will legal. Writing
How to Set Up a Trust
Setting up a trust allows you to preserve assets you want to pass down to your loved ones. In addition, the trust allows your beneficiaries
When Is Probate Required in New York State?
The distribution of assets left behind by a deceased relative seems like it should be a relatively straightforward process, but that is not always the
The Duties and Responsibilities of an Estate Trustee
Setting up a trust is one way to safeguard your assets before you eventually pass them down to your children and/or grandchildren. While setting it
Why Estate Planning Is Important
Planning for the future is prudent and responsible. If you want to adequately prepare for any unforeseen event, you should start estate planning now. Some
The Different Types of Power of Attorney
Responsible estate planning should not focus solely on what will happen after you die. Before you even get to that point, you must ensure that
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