by admin | Feb 10, 2019 | Uncategorized
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. There are many instances where misinformed individuals engage in transactions that lead to...
by admin | Feb 10, 2019 | Uncategorized
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. But what if a...
by admin | Feb 10, 2019 | Uncategorized
Most people realize that estate planning is important, but nevertheless procrastinate getting it done. Below are some of the most common excuses for delaying. 1. I am too young It is common for estate planning professionals to say that one is never too young to plan...
by admin | Feb 10, 2019 | Uncategorized
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. It may involve various legal and financial instruments as well as complex...
by admin | Feb 10, 2019 | Uncategorized
Executing a will is the act of signing a will and making it legally binding. New York law has strict requirements for executing a will. First, a person executing a will must be at least 18 years old. The legal term for the maker of the will is Testator, and in New...
by admin | Feb 10, 2019 | Uncategorized
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. This may seem like...
