How to Execute a Will in NY
A Will is a written instruction manual for disposing of your assets. It is a document that overrides the New York State default rules for …
Contest a Will in New York
Should You Contest a Will? Any person who is affected by a Last Will and Testament or a Trust may contest a will, or, challenge the Will, after it …
Spousal Right of Election
Spousal Right of Election In New York, a spouse is entitled to receive the protections of the Spousal Right of Election statute, codified as EPTL …
Estate Planning for Blended Families
Estate planning for blended families is important because of the competing interests between the children from the first marriage and the spouse from the second …
Can a Guardian Sell Property?
Can a Guardian Sell Property? Can a Guardian sell property belonging to his ward? Typically, such sale is subject to Court approval. Consider the following …
Meet With an Estate Planning Attorney
Are you preparing to meet with an estate planning attorney? Before you meet with an estate planning attorney for your initial consultation, you should prepare …
Preliminary Letters Testamentary
Preliminary Letters Testamentary Authorize Immediate Access to a Decedent’s Estate. Why Would I Need Preliminary Letters Testamentary? Imagine the following: your parent or loved one …
Supplemental Needs Trusts
Supplemental Needs Trusts (also known as special needs trusts) are Trusts which allow a beneficiary with a disability to receive inheritances, gifts, lawsuit settlements, or …
PROBATE ASSETS vs. NONPROBATE ASSETS
People often confuse nonprobate assets and probate assets. They also often confuse taxable vs. non taxable assets. Probate assets are those that do not have …
Medicaid Pooled Income Trust
A Medicaid Pooled Income Trust allows an individual to divert their excess income. In order to qualify for Medicaid in New York, an individual must …