Articles

Basic Estate Planning Documents

Estate planning aims to achieve a number of objectives including, but not limited to, designation of guardians, incapacity planning, asset protection, asset distribution and wealth maximization.

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Is a Joint Will a Good Idea?

A joint will is a will that two or more people make together, rather than each making their own will individually. In practice, a joint will is typically created and signed by a married couple in order to dispose of property that they own together.

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What if Someone Dies without a Will?

A will leaves the estate to named persons and organizations. Through a will, the testator can make specific gifts, distribute percentages of the estate, and create trusts for management and future distribution of all or some of the assets of the estate.

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How Assets Pass to Heirs

People often have misconceptions about how assets pass after death. Some even believe that if they do not transfer property they own to their children, it will go to the state.

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No-Contest Clauses in a New York Will

The purpose of a no-contest, or In-Terrorem, clause in a will is to deter a lawsuit challenging the will. If the person making a will sees potential red flags such as tensions between beneficiaries…

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