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Can You Decline Being an Executor?
An executor holds many important duties, and often must perform these obligations while navigating the grief of losing a loved one. Furthermore, complications such as advanced age or physical distance may make it difficult to perform the tasks required.
Minors cannot be left assets outright in New York. Minor beneficiaries must inherit in trust. If a minor inherits outright, a guardian must be appointed by the Surrogate's Court.
A timeshare is an asset, like any other – and if you own one, you should consider implementing an estate plan that considers and protects it.
Estate planning is especially challenging for blended families. They must consider how an estate plan will impact the surviving spouse, biological children, and stepchildren.
Leaving instructions in your estate planning documents on how a seasonal property will continue to be used and/or owned after your death, can prevent friction amongst family members and ensure your investment can be enjoyed for decades to come.
Protecting one’s home in a Medicaid Asset Protection Trust (MAPT) is a common planning tool.
A bypass trust—also known as a credit shelter trust—is a type of trust commonly used in estate tax planning for married couples.
Crypto is a system of digital tokens that can be used as a currency between individuals in an online marketplace.
Most municipalities reassess property taxes annually regardless of who or what currently owns a property—a person, a business, a revocable trust, or an irrevocable trust.
This decision should be based on three main things: 1) the type of trust you are creating, 2) the assets you are putting into the trust, and 3) the dynamics of the family or others involved.
If you are a parent of a young child, you have probably heard that you should have a will. But do you know why?
