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 …

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 …

Who Can Serve as an Executor of an Estate?

When drafting a will, it is crucial that you name an Executor. An Executor is a personal representative of your estate. The primary responsibilities of an Executor include probating your will, collecting any of your assets, protecting your property until any debts and taxes have 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 …

What will happen if you don’t have an estate plan?

An estate plan is key to guaranteeing that all of your best interests are met when the time comes. The very first step to planning for your future pertains to making the decision to create an estate plan. This plan typically includes drafting a will, Read More …

10 Essential Estate Planning Steps for 2021

Tips 1&2- Prepare for Your Future by Drafting a Will and Selecting an Executor Drafting a will is essential to the distribution of your assets upon your passing. This document gives you the ability to decide exactly how your estate will be managed upon your Read More …

Estate Planning Is Still Necessary Despite Recent Tax Cuts

Tax Cuts Don’t Cut the Need for Proper Estate Planning It is no secret that times are due to change. Just short of six months ago, President Donald Trump was vehemently calling for the elimination of the Deferred Action for Childhood Arrivals (DACA) executive order, Read More …

The GOP Tax Plan’s Effect on Estate Planning

New GOP Tax Plan May Actually Be To Die For The new House GOP tax plan has caused a stir of controversy in the past few weeks. On November 2, 2017, the House Ways and Means Committee issued H.R. 1 called “Tax Cuts and Jobs Read More …