When you choose an attorney-in-fact, also called a "power of attorney," you give this individual the right to make decisions on your behalf. These decisions typically regard your healthcare, finances and legal matters. Accordingly, you must choose your...
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How student loan debt is divided in a divorce
On Behalf of Bashian P.C. | Apr 17, 2023 | Divorce
When married couples in New York and around the country divorce, their debts are divided along with their assets. A few states have community property laws that require assets and debts to be divided equally, but New York is what is known as an equitable distribution...
Who pays for private school after a divorce?
On Behalf of Bashian P.C. | Apr 3, 2023 | Divorce
When dividing your family's expenses during divorce, private school tuition will likely loom over your head. If your children attend an elite academy, this fee can cost thousands of dollars per year. This considerable expense could cause fights between you and your...
What are some valid reasons for contesting a will?
On Behalf of Bashian P.C. | Mar 28, 2023 | Estate & Trust Planning
Every New York adult should plan for the future by having an estate plan. A last will and testament is one of the most basic parts. However, once the person is gone, and the circumstances regarding the creation of the will are fully known, the heirs may have valid...
5 signs that it is time to remove a trustee
On Behalf of Bashian P.C. | Dec 28, 2022 | Estate Litigation
The problems kept adding up related to your father’s trust. Overdue tax notifications surfaced. Distributions to you and other beneficiaries often were late or completely dismissed. And the clincher was that the trustee was seldom available due to his extensive global...
Protecting your interests when purchasing a home
On Behalf of Bashian P.C. | Dec 22, 2022 | Real Estate
Buying a home is a multistep process, and any number of issues may arise that complicate matters and throw a wrench in the works. In some cases, you may want to make an offer on a home on a conditional basis, and this is where something called contingencies come into...
Take care of everyone at once with a charitable trust
On Behalf of Bashian P.C. | Dec 15, 2022 | Estate & Trust Planning
If you have philanthropic aspirations in New York and want to give back as much as possible, charitable trusts come with a number of financial benefits that may be helpful to you. People use them to optimize their assets for their beneficiaries, charities and...
The potential tax benefits of a charitable trust
On Behalf of Bashian P.C. | Dec 1, 2022 | Estate & Trust Planning
Charitable giving can be immediately beneficial. Research has uncovered many health boosts, including higher levels of self-esteem, lower levels of stress and depression, lower blood pressure, and increased happiness. To put it simply: You feel better about yourself....
Who can become a guardian of a disabled adult?
On Behalf of Bashian P.C. | Nov 25, 2022 | Uncategorized
There are a variety of reasons someone in New York would pursue guardianship of an adult. Some children have disabilities from birth that prevent them from fully caring for themselves as adults while other adults may no longer have the mental capacity to make...
How does divorce impact your New York business?
On Behalf of Bashian P.C. | Nov 1, 2022 | Divorce
Divorce is an unfortunate reality for many New Yorkers. It can impact every area of your life, including your business. Even if your spouse isn’t listed as an owner of the business on any of the paperwork, your business may still be considered an asset subject to...