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Without question, one should always consider creating or updating their estate plan after a major life event. Indeed, as your circumstances change, so would your estate plan - not only in order to ensure that your loved ones are protected after you pass, but to avoid...
Contesting a will can be a difficult decision to make. Amongst other things, people risk damaging their relationships with family members, and should always consider the time and expense of litigation. However, despite the potential drawbacks, sometimes contesting a...
The larger an individual's family and personal holdings become, the more complicated estate planning becomes. For those who have dual citizenship, international holdings or family in multiple countries, estate planning can be particularly complex. There are a variety...
Unfortunately, the majority of adults living in the United States currently do not have an estate plan in place. People often put off estate planning to be considered at some far-off, future time as they simply don't want to think about it, or don't think an estate...
Guardianship is a legal process in which an adult is appointed to care for someone who cannot handle their affairs due to incapacity, disability or age. In New York, guardianship can help to ensure that minors or incapacitated adults receive the proper care and...
There are several components that you’ll need to consider when you’re getting your estate plan together. Needless to say, they should all work together to ensure that your articulated wishes are clear, comprehensive and legally binding. Will and trusts Your assets can...
A primary goal of estate planning for many people is to help their loved ones avoid having to deal with a long and potentially costly probate process after they die. Thankfully, putting many of your assets in a revocable living trust can help you to accomplish that...
Sometimes the reason families end up in NY Surrogate's Court is not simply to seek the probate of a will, but because of litigation. Indeed, a person interested in an estate often has the right to initiate a legal proceeding, or proceedings, due to an issue with an...
Regularly updating an estate plan is a good idea in general. Someone who has gone through a major change may need to review their documents. Removing certain people as beneficiaries or from positions of authority is sometimes necessary. Testators may also need to...
Building wealth takes time, effort and sacrifice. Naturally, you want to try to ensure your legacy continues to benefit your loved ones for generations to come. Intergenerational estate planning takes a long-term view, aiming to protect and distribute your assets...
