Power of Attorney Prevents Guardianship Abuse
Guardianship abuse has become an issue of concern in estate planning. Lack of properly defined rules by the surrogate court has created a chance for agents in a guardianship agreement to use their powers in a way that abuses the person under guardianship. This is due to guardians exercising their powers in a way that […]
Estate Planning Lawyer
With several years of serving clients across many states, our estate planning lawyer is highly knowledgeable and experienced in estate planning matters, trusts and estates, offering client representation for executors and families during probate and estate litigation, asset protection, Medicare and Medicaid planning, will contests and checking fraudulent estate administrators. The individualized and strategy-driven approach […]
Man dies with $40 million, no will, and no heirs
The Story Of Mark Wilson On his way home a resident of New York Brooklyn Bayridge who is 98 years old of age has got a heart attack. Mr. Wilson unfortunately has not written a Will for the court that would take care of his $4 million but there’s no possible heirs to obtain it. […]
Why Estate Planning for Minors is Important?
Why Estate Planning for Minors is Important? When it comes to estate planning, many people avoid the idea of thinking that their assets are not adequate which needs to be protected. This thought is quite common among young couples who currently want to amass money and will plan their estate later. However, while doing so, […]
Wills and Probate Attorneys | the Simpler Cremation Service
When a loved one dies, the assets of his estate are still in his name. The rights of ownership of these assets have to be passed down to his heirs and beneficiaries in order for them to have access to his estate. What is a will? A will is a legal document which is written […]
Why a Trust Is a Great Estate-Planning Tool — Even if You’re Not Rich
GETTING A TRUST With the trust, things are less complicated because you can pull out the specifics it needs before you’re passing that a Will can’t be responsible for like any stocks you own, bank statements and personal accounts. A trust can also avoid the probate process which can take at least up to a […]
Four things a Living Trust does not do
Many of the deficiencies of a trust can be overcome with the assistance of an estate planning attorney and the execution of additional estate planning documents, such as health and financial powers of attorney and a living will. Furthermore, the many benefits of a trust far outweigh a trust’s few shortcomings. Thus, you should still […]
What are some challenges faced during probate?
Even after drafting your will and planning your estate meticulously, many things could go wrong during probate. Probate can be a very challenging process, thus it is important that you make an estate plan that bypasses this process. Failure to do so may put your beneficiaries and estate executor in a very difficult position. They’ll […]
Lifetime exemption and its impact on estate owners
Estates within Westchester are governed by federal estate tax laws connected with the lifetime gift tax exemption. In the year 2021 the Internal Revenue Service (IRS) released key figures for the year’s lifetime gift tax exemption. This will impact estate owners in Westchester, members of the aging population who enjoy government healthcare and even disability […]
5 Estate Planning Tips
Estate plans can only be achieved and implemented with only the appropriate documents with proper inclusions. It is quite easy to sit alone and make these plans. However, any wrong details, or documentation may result to loss of assets, properties, investments, retirement benefits, and even more annoying and draining probate process. Similarly, there are laws, […]