It is important to discuss your estate planning objectives with a licensed attorney for a number of reasons. One of them is the simple fact that you may not understand all the different asset transfer devices that are at your disposal. The optimal way to get assets into the hands of one person may not […]
Estate Planning
Estate Tax Liability: Home Values Can Increase Liability
Estate tax liability is something you need to take into consideration if you are a homeowner in the Manhattan area – and across the state of New York. We have all watched our home values go up over recent years, and it is exciting to see your fortunes rise. Here in Manhattan, real estate has […]
Transfer On Death Account: Can I Use This To Avoid Probate?
A transfer on death account is a tool that you can incorporate into your estate plan. Below, we talk about exactly what a transfer on death account is, how it works, and everything else you need to know to plan your estate and protect your family’s future. Before we look at transfer on death accounts, […]
What Is a Totten Trust?
You sometimes receive advice from people that have good intentions, but they have an incomplete understanding of the subject at hand. When you blindly believe what they say, you can make mistakes that yield negative consequences. This is quite common in the estate planning realm. There are those that suggest simple solutions that may not […]
Five Things You Should Know About Probate
Probate is the legal process of “proving up” a Will in the state of New York. If you have never looked into the subject, you may assume that the executor that is named in a will can distribute assets to the inheritors without any government supervision. In fact, this is not the case at all. […]
Follow These Steps to Put an Estate Plan in Place
Year after year, surveys show that most American adults do not have an estate plan. One survey asked unprepared respondents if they thought that estate planning was important, and over 60 percent of them said yes. Why do they fail to act when they know that they should? The most common reason is a simple […]
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