Revocable Vs Irrevocable Trust: What’s the Difference?

What is a Trust? A trust is a separate legal entity that a person sets up during their lifetime to manage their assets. Its purpose is to ensure that a person’s assets will be used and distributed in a way they deem appropriate. Once a Read More …

6 Common Mistakes in Estate Planning to Avoid

While estate planning is an important task everyone faces at one point, it can get complicated. Oftentimes we are forced to think about our own mortality, and how we want our valuables to be passed along which is never easy. But essentially, the purpose of Read More …

3 Ways To Address an Estranged Child In your Estate Plan

All families experience conflicts, but if it is to a particularly severe extent, you may not want one of your children to reap the benefits of your estate. There are different strategies for handling an estranged child in your estate plan. Based on the level Read More …

How Long Does An Executor’s Job Take?

Being an executor of an estate can prove to be a particularly time-consuming responsibility. While a standard simple estate may only take a few months to probate, larger complicated ones with problems can last for years. If you are agreeing to the role of executor, Read More …

3 Steps to Take If You Want to Leave Your Family Unequal Inheritances

An inheritance is money you leave behind for specific individuals in your will. If you have children, it is likely a significant portion of your will is going to be devoted to leaving them your assets. While it is common to leave an equal share, Read More …

Why a Lawyer Should File a NYC Probate Proceeding on Your Behalf

Probate is a complicated process that requires executors to uphold immense responsibilities in distributing the estate of a deceased individual. When filing a probate proceeding, the will is reviewed and is determined if it is legal and authentic. While probate may seem like a hassle, Read More …

Importance of Revising Your Estate Plan Before and After Divorce

Divorce can be a complicated legal procedure, but an important aspect to consider before and after the divorce is your estate plan. Whether before or after a divorce, it’s understandable that you’re tired of sifting through legal documents. However, if you do not take action Read More …

How to Create an Estate Plan Suited for Unmarried Partners

Estate Planning for Unmarried Partners Estate planning for unmarried partners is crucial because unmarried partners do not share the same protections and benefits offered to married partners. For instance, in the event of incapacity, unmarried partners are not necessarily able, or easily allowed, to make Read More …

How the Biden Administration Could Affect Your Estate Plan?

2021 began with President Biden assuming his role in the White House office. Now Democrats control the House of Representatives as well as the Senate. Therefore, many people are anticipating changes to policies. Biden has started discussing tax changes, however, it’s still too early to Read More …

Using a LLC for Asset Protection

A Limited Liability Corporation, or LLC, can be utilized for any size firm, from sole proprietorships to multi-ownerships. In addition, LLCs are the most popular legal entity utilized for ownership of rental and commercial property. It can assist as a safeguard for your personal assets, Read More …