5 Ways to Make Charitable Giving A Part of Your Estate Plan

When you start estate planning, you decide who you want to inherit your assets and who can make medical and financial decisions on your behalf.  People without children or heirs tend to leave their assets to their favorite charities. However, anyone can leave any portion Read More …

What Happens If You Die Without a Will?

Despite the COVID-19 pandemic causing an uprising of interest in estate plans, there was a survey in 2022 that found that only about 33% of Americans have an established will. An established estate plan does not only save time and money for your loved ones Read More …

Advantages and Disadvantages of Probate

What is Probate? Probate is a court-supervised legal process that follows an individual’s death, whereby a probate court will establish the validity of one’s will. During this process, the court essentially oversees the distribution of a person’s asset after their death. How does the Probate Read More …

Different Types of Wills That Are Drafted In NY

Estate planning is an important and necessary step in ensuring you and your loved ones are taken care of in the future. A Last Will and Testament is one of the documents that many individuals choose to draft as part of their estate plan. In Read More …

What is the difference between an estate executor and an estate administrator?

Understanding Estate Administration and Probate Probate is a legal process in which all estates must go through, as long as the estates are contained in a will. The primary goal of probate is to transfer assets out of the deceased person’s name into the name Read More …

6 Estate Planning Must-Haves

A common misconception is that having an estate plan simply means drafting a will or a trust. However, there is more to include in your estate planning to ensure that all your assets are seamlessly transferred to your heirs. A successful estate plan should also Read More …

Can You Inherit Season Tickets?

The executor’s role can be complicated by distribution of unique assets that the deceased individual’s last will does not account for. One example includes seasonal sports tickets. In such instances, family members often inquire about the status of a seasonal pass after a loved one Read More …

Is a Living Trust Right For You?

Living trusts, or revocable trusts, are often established to prevent the probate process over a loved one’s assets after they die. Colloquially, it is known as a “will substitute.” A will dictates  the terms that go into effect right after you die. While a trust Read More …