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Navigating the complexities of Estate Planning, Trust Settlement, Probate Proceedings, Administration Proceedings, and Marital Agreements can be overwhelming, but having the right legal guidance makes all the difference.
What are per stirpes and per capita distributions and how do they affect an estate plan?
There are two regimes that work independently and together to allocate shares of a decedent's intestate estate. The per capita regime...
Aug 21, 20242 min read
What Is A Bypass Trust?
A married couple may use a bypass trust to protect their assets and to preserve the federal and state estate tax exemptions. Upon the...
Aug 21, 20241 min read
Which types of assets belong in my Will?
Only probate assets, such as real property titled in one's own name or as tenants-in-common (no joint tenancy), personal property, bank...
Aug 21, 20241 min read
What are the benefits of forming a living trust?
A revocable or living trust allows the trust creator to hold assets in the name of the trust which are transferred to a successor trustee...
Aug 21, 20241 min read
Why do I need a Will?
You need a Will in order whenever you anticipate giving away probate assets (assets that do not pass by beneficiary forms) that are in...
Aug 21, 20241 min read
What does an Executor do?
An Executor is an important part of your estate as a fiduciary who is in charge of collecting your assets, paying taxes and debts, and...
Aug 21, 20241 min read
How can a Medicaid Asset Protection Trust (MAPT) help protect my assets from Medicaid?
Medicaid is a state sponsored program where...
Aug 21, 20241 min read
What are the benefits and requirements of a Prenuptial Agreement ?
A Prenuptial Agreement (or “prenup”) is a contract between between a couple before they marry. In New York, a prenup is only valid if it...
Aug 21, 20241 min read
How are Executors and Administrators appointed?
In New York, you either have an estate plan or the state has one for you through an administration proceeding, which can have adverse...
Aug 21, 20241 min read
How can I help my executor to best handle my estate?
You can help your executor handle your estate by keeping the original Will, deeds, partnership documents, insurance policies, and other...
Aug 21, 20241 min read
What are the benefits of having a QTIP trust?
There are two main benefits of having a QTIP trust. First, a QTIP trust pr5 & 5 ovides tax flexibility for your Executor. In some...
Aug 21, 20241 min read
What does a Separation Agreement cover?
A separation agreement typically covers where each spouse will live, the amount of spousal support that you or your spouse will pay, and...
Aug 15, 20241 min read
What is a probate proceeding?
Probate is a court-supervised proceeding where the Surrogate, or judge of the Surrogate's Court, determines that a Will is valid and...
Aug 15, 20241 min read
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