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Estate planning is the only way to avoid the challenges your family could face if you die without a will. Even a business you own falls into uncertainty if you haven't legally named successors for it. When someone dies intestate, which means without a will, their...
Revocable living trusts can be excellent financial options for New York residents who want to protect certain assets by removing them from grantor ownership. The primary goal of establishing a revocable living trust is avoiding the probate process following death....
What is a trust? When creating an Estate Plan, one should always consider whether or not a Trust is a useful way to help ensure that after your passing your assets are distributed in an efficient and cost-effective manner. Generally speaking, Trusts are used to hold...
Putting together an effective Estate Plan requires some proactive effort, but the end result of thoughtful planning with an attorney will ensure that your Estate is distributed in the manner that you - and only you – want. The Primary Advantage of having a Will When...
Whether you are in the process of starting a business or already own one, thinking about how you will protect it in the event of a divorce is a critical - but often overlooked - component of any long-term business plan. To that end, there are a host of proactive steps...
If you try to create an Estate Plan without the help of a New York attorney, you might make mistakes that can render portions, or even your whole Will invalid. As with many things, it’s best to get professional help when creating your Estate plan - from start to...
If you die without a Will, Trust, or other valid Estate Planning documents in place, New York’s laws of Intestacy will likely determine what happens to your assets. Though sufficient in some circumstances, the laws of Intestacy fall short for many individuals as there...
For any number of reasons, you may not want a family member to inherit anything from your Estate if you should pass on before them. Fortunately, in New York there are steps you can take to disinherit someone, even though family members are often the first in line to...
The experiences of affluent couples going through divorce are in many ways similar, yet in many ways unlike, those of a typical middle-class couple. As you can imagine, a greater the assets at stake, the greater the complications. After all, who gets what? Then the...
When parents in New York are going through a divorce, it can be an emotional time. It is important that they understand the types of custody in New York and the basis for custody decisions in New York, so they can better understand their rights and options. What is...
