Estate Planning

Probate is the legal process in which the courts approve the validity of the decedent's will, and there is distribution of the assets belonging to the estate. The New York State Unified Court System states that once a judge validates the will, the bulk of the...

Wills and trusts are both crucial elements of a complete estate plan, though many adults settle for little more than a simple will. The reality, though, is that a number of exceptionally common circumstances require the use of a trust to ensure the enactment of your...

A common misconception about estate planning is that you must accumulate a lot of assets or reach a certain age to begin. Contrarily, it is wise to begin planning as soon as you can. Understanding the benefits of an estate plan might give you the push to start....

If you recently lost a loved one who appointed you to manage their estate, you could have a number of challenges to work through. In addition to emotional pain that comes with losing someone you love, you could have high levels of stress due to the demanding...

Whether you struggle with a disability or you are the parent, grandparent or guardian of a disabled individual and you want to set up a trust to help them, it is essential to take a close look at supplemental needs trusts. A supplemental needs trust (SNT) can provide...

If you are in the early stages of creating an estate plan, it is pivotal to carefully review all of the options in front of you. There are many different types of trusts and it is crucial to determine which one suits your interests best. Depending on your...

A thorough estate plan can significantly improve the protection of your assets throughout the course of your life. However, you will need to name someone you trust to fulfill the duty of closing your estate. An executor will oversee many critical steps from the...

No family is perfect, but some relationships between parents and their adult children are more strained than others. Some people rarely speak to one or more of their children or have no relationship with them at all anymore. If things between you and one of your...

A will is an excellent way to ensure a smooth transition of assets after a loved one’s death. However, even if testators intend to make things easy for their grieving loved ones, things do not always go as planned. The following types of estate disputes can arise,...

Estate planning is an important task for every individual regardless of how old you are or how much wealth you have. It allows you to prepare for taxes, probate and your loved ones' care after your passing. However, it has the potential to be complex. The number of...