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...
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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...
How to avoid disputes over your estate effectively in New York
On Behalf of Bashian P.C. | Oct 18, 2022 | Estate, Estate & Trust Planning, Estate Litigation, Estate, Trust & Accounting Litigation, Estate, Trust & Probate Administration
After you pass, and leave behind an estate you cannot always control what happens to your property. Your family or beneficiaries may fight over who gets what, and the estate may be tied up in court for years. However, there are some important steps that yo can take to...
How revocable and irrevocable trusts differ
On Behalf of Bashian P.C. | Oct 4, 2022 | Estate & Trust Planning
When creating an estate plan, many wonder whether they need a trust, and if so what kind. To that end, there are generally two kinds of trusts, revocable and irrevocable - both of which operate differently, and help achieve different estate panning goals. The main...
When to update your estate plan
On Behalf of Bashian P.C. | Jul 28, 2022 | Estate & Trust Planning
Estate planning is something all New York residents should do to protect their families. It’s important to know when you should update some or all of its component documents. There are various situations that make it necessary. Your marital status has changed Whether...
Creating a solid estate plan ensures your last wishes are met
On Behalf of Bashian P.C. | Jul 21, 2022 | Estate & Trust Planning
If you live in New York and are nearing retirement, it's an excellent time to consider estate planning. Doing so can help minimize expenses and taxes, ensure your property goes to the proper beneficiaries, plan for any incapacity and safeguard a business you own....