When a loved one passes away, their estate typically goes through a legal process known as probate. Probate is a court-supervised procedure that ensures the deceased person’s assets are distributed according to their wishes or according to the state’s laws if there is no will. The probate process in New York begins by filing a petition with the Surrogate’s Court …
The Benefits of Having a New York Will
A will is a crucial legal document that ensures your assets are distributed according to your wishes upon your death. In the state of New York, having a well-drafted will provides numerous benefits and advantages for individuals. Some of those benefits include the following: Control Over Asset Distribution: By having a New York will, you retain control over how your …
The Process and Potential Challenges of Estate Litigation in New York
Estate planning is a crucial step in securing the financial future of your loved ones. However, even with careful planning, disputes and conflicts can arise during the administration of an estate. Estate litigation, a legal process to resolve disputes related to wills, trusts, and estates, is a common occurrence in New York. In this blog post, we will explore the …
The Role and Function of the New York Surrogate’s Court
The legal system can be complex and multifaceted, with various courts designed to handle different types of cases. One such court that often garners attention but remains lesser-known is the New York Surrogate’s Court. The New York Surrogate’s Court is a specialized judicial body that deals primarily with matters related to wills, trusts, guardianships, and the administration of estates. It …
Contesting a Will: Understanding the Process and Considerations
View PostGuardianships vs. Power of Attorney: Understanding the Differences
View PostA Guide for Executors
Losing a loved one is undoubtedly a challenging time, and the responsibilities that come with estate administration can be overwhelming. If you find yourself named as an executor in New York, it’s important to understand the process and the necessary steps to take in order to respect the well wishes of a deceased loved one. The executor is the person …
The Benefits of Establishing a New York Trust
Introduction: In the realm of estate planning and wealth management, trusts have emerged as highly effective tools for safeguarding assets and securing the financial future of beneficiaries. In the state of New York, creating a trust provides individuals with numerous advantages and benefits. In this blog post, we will explore the benefits of establishing a New York trust and shed …
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