
Welcome to Our Blog
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.
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.
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.
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.
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.
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.
What is Undue Influence in the Context of a Will Contest?
In a will contest, one party may claim the will was created under undue influence, meaning the decedent's free will was overpowered by another’s dominating influence.
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.
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.
How and Why Medicaid Planning Using Trusts Turns Into Estate Litigation
Estate planning using Medicaid Trusts can be a powerful tool for asset protection and securing Medicaid eligibility, but it can also lead to complex estate litigation if not handled carefully.
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?
How to Add a Legacy Contact for Your Apple ID
Planning for your future is crucial and that includes managing your digital legacy. Do you know how to add a Legacy Contact for your Apple ID?