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No-Contest Clauses in a New York Will

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, he or she may want to include a no-contest clause to minimize...
How to Properly Revoke a Will in New York

How to Properly Revoke a Will in New York

There are various reasons why someone would want to revoke a will. Many, if not most, people make more than one will during their lifetime. Reasons for wanting to create a new will and revoke the old one can include divorce, remarriage, having children, acquiring or...
Talking to Your Kids About Their Inheritance

Talking to Your Kids About Their Inheritance

Many parents are uncomfortable talking to their kids about their wealth.  Talking about how much money or property you have is usually viewed as taboo.  Asking someone else about what they have is often considered impolite. But failing to talk to kids about...