Many people hear bits and pieces about the estate planning process and they make assumptions based on incomplete information. This enters the picture when it comes to the administration process and the legal procedure called probate. Generally speaking, postmortem asset transfers are subject to this court-supervised process, but there are certain types of transfers that […]
Estate Planning
An Overview of Essential Estate Planning Documents
Estate planning can seem like an overwhelming task if you are a layperson and you don’t know where to begin. This is perfectly understandable, and in this post, we will provide an overview of the essential documents that should be part of every estate plan. Will or Trust The plan will start with a vehicle […]
What Is the Best Estate Planning Document?
Many people are confused about the estate planning document that they should use to facilitate asset transfers to their loved ones. There is a simple will, and there are different types of trusts, and this can lead to the search for the “best” legal device. This is natural, but there is no asset transfer vehicle […]
Is a Life Estate a Good Idea?
It is important to work with an estate planning attorney when you are developing a plan, because you want to act on complete and accurate information. Sometimes bits and pieces are passed around by laypeople, and this can lead to costly mistakes. With this in mind, we will look at the legal device called a […]
Why Do People Avoid Probate?
You may hear people talk about probate avoidance when the topic of estate planning is casually discussed. This is the legal process of estate administration, and it will enter the picture when personally held assets are being transferred through the terms of a will. In New York, the Surrogate’s Court handles probate matters, and this […]
Special Needs Planning and Estate Recovery
There are different approaches that can be taken when you are planning your estate. The right way to get assets into the hands of one person may not be appropriate for the next. This dynamic will definitely be present if you have a person with a disability in the family. Government Benefit Eligibility A very […]
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