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Kevin McKernan Kevin McKernan

Compensation for Executors, Administrators, and Trustees

Fiduciaries play a crucial role in estate administration—and they’re entitled to compensation for their services. Whether outlined in a Will or Trust or determined by New York law, payments depend on estate size and responsibilities.

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Kevin McKernan Kevin McKernan

Why Renounce Your Inheritance

It might sound surprising, but there are valid reasons to say no to an inheritance, including tax planning, debt avoidance, family agreements, and maintaining eligibility for government benefits. However, renouncing must be done properly—within 9 months, in writing, and filed with the court. Missed the deadline? You may still petition the Surrogate’s Court for approval.

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Kevin McKernan Kevin McKernan

New and Important Changes for New Yorkers

Exciting updates in New York real estate law are strengthening protections for homeowners, particularly against deed theft and estate planning challenges. Here’s what’s changing: Deed Theft is Now Grand Larceny; More Time to Fight Back; New Transfer on Death (TOD) Deed. These changes aim to safeguard homeownership and make estate planning more accessible.

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Kevin McKernan Kevin McKernan

Why Naming a Guardian Is Critical

Have you named a guardian for your children? If not, the courts could make that choice for you—possibly selecting someone you wouldn’t have picked. In the worst case, your children could even face temporary foster care.

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Kevin McKernan Kevin McKernan

Avoiding Probate with a Joint Account

A joint account can be a simple and efficient way to transfer funds without the delays of probate! When one account holder passes, ownership often transfers automatically to the surviving co-owner(s), ensuring immediate access to funds.

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Kevin McKernan Kevin McKernan

Why Naming a Guardian Is Critical

Without a legally designated guardian, the courts could decide who raises your children—or worse, they could face temporary foster care. Choosing the right guardian means considering values, health, location, and financial stability. Don’t wait—make it official and secure your family’s future.

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Kevin McKernan Kevin McKernan

Things to Consider in the New Year

As we step into a new year, it’s time to prioritize planning for the future. Key topics to consider: Long-Term Care, Estate Planning, Asset Protection, Healthcare Decisions, and Guardianship Risks.

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Kevin McKernan Kevin McKernan

Estate Planning for Couples 

Estate planning is essential for couples to protect each other and ensure their wishes are honored!

An up-to-date Will, along with carefully managed beneficiary designations and powers of attorney, can prevent unexpected outcomes—especially for blended families or those facing life changes like marriage or divorce.

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Kevin McKernan Kevin McKernan

Success in Succession Planning

Succession planning is crucial for ensuring the continuity and stability of your business. Have you considered what might happen if… the owner passes away unexpectedly or if the owner becomes incapacitated?

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