Which Assets Must Go Through Probate in NY?

The NY Probate Process aims to prove the validity of an individual’s Last Will and Testament. A will is a legal document that serves to outline your wishes in regards to how you would like your children to be cared for and the distribution of Read More …

What is the Probate and How Can It Be Avoided Amidst the COVID-19 Pandemic?

What is Probate? Probate is the process of proving the validity of a decedent’s Last Will and Testament in the Surrogate Court. The probate process only takes place after the decedent passes away, and can be a very complex legal proceeding that may take up 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 …

Amending the Irrevocable Trust

The concept behind the irrevocable trust, a popular estate planning tool, is relatively simple; irrevocable trusts cannot be revoked and the assets cannot be returned to the trust’s original creator. Furthermore, most irrevocable trusts do not allow for the amendment of the trust, unless changes Read More …

Ghosted: Probate Courts Say Missing is not as Good as Dead

Missing is not as Good as Dead According to Probate Court, when dealing with one’s inheritance, missing does not mean dead. Handling the estate of someone who is missing or who is presumed dead can be a lengthy process. What to Expect When Handling the Read More …

Debt after Death: Who Takes on the Debt after a Debtor Dies?

Picture this scenario: You are approaching the end of your life, yet your balance sheet is in the red. You still have a significant sum you owe to an assortment of creditors. “Ah-ha!” you triumphantly think. “They can only take it while I’m alive. I Read More …

An Estate Planning Nightmare: Hopper v. JP Morgan

Generally speaking, people tend not to spend too much time focusing on events they do not consider imminent, such as death. Nobody expects tomorrow to be their last day, and thus, estate planning, the process of preparing the transfer of wealth to loved ones after Read More …

Carrie Fisher, Debbie Reynolds, and the Future of Their Estate

Icons Carrie Fisher and Debbie Reynolds were well known throughout the world, and especially the media, for their immense talents in the entertainment industry. Carrie Fisher, the daughter of Debbie Reynolds, passed away a day before her mother, bringing their family to the center of Read More …