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New Year’s Resolutions: Estate Planning Edition
Different stages of life call for different goals. As 2025 ends, here are a few things to keep in mind depending on what season of life you are in.
My sister recently passed away and I just found out that I was named executor of her Will. I am really busy with my job and family and really do not want to serve. Can I decline or resign from being executor?
I am unmarried and have no children. My parents are deceased and I have one sibling, a sister. I currently have no will. Who would inherit from my estate if I died without a will?
Do all Wills have to go through probate?
I read somewhere that the New York State Estate Tax Exemption was increasing again this year, could you explain this to me?
My mother passed away with $20,000 in credit card debt. As the Executor of her estate, am I liable for these bills?
I am the Executor of my father’s Estate. The Surrogate’s Court has asked me to provide them with an “Inventory of Assets”. What is an Inventory of Assets?
New York’s Estate Tax law has just seen its most dramatic change in recent memory. Finally, the exemption has increased from $1,000,000.00 where it has remained since 2002, with the exemption set to increase annually until it matches the federal estate tax exemption in 2019.
Individuals who have received benefits under the New York State Medicaid program are subject to estate recovery for all assets passing through their probate estate. This is a minimum requirement under Federal Law.
