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 …
Codicil to a Will
A Codicil is a supplement to a Last Will and Testament altering its provisions by additions or subtractions, or confirming its provisions wholly or partially. …
Important Estate Planning Documents
This is a great time to consider the importance of estate planning and estate planning documents. For those of you, who, like me, have been …
NYC Estate Planning Basics
NYC estate planning is more than just writing a Will. NYC estate planning is about avoiding family disputes, maximizing access to government benefits, minimizing taxes …
When to Expand Powers of Guardian
At times, a Court appointed Article 81 Guardian may need to expand the powers of the guardian in order to effectively perform their duties. An …
Compel Distribution of Property
Did you know that you can compel distribution of property in Surrogate’s Court pursuant to SCPA 2101(4). There are times when an executor, administrator, or …
What is Digital Estate Planning?
Digital Estate Planning refers to the planning of your digital assets and accounts upon your death. Digital assets include your various cryptocurrency (Bitcoin, ADA, Ethereum), …