When establishing a trust, it is essential to choose the correct trustee to help manage it. A trustee is an individual or entity entrusted with managing and administering a trust according to its terms and the best interests of the beneficiaries. The Role of a Trustee Selecting the Right Trustee Selecting a trustee is a critical decision in the estate …
O.J. Simpson’s Estate Battle
O.J. Simpson’s Estate Battle O.J. Simpson, once known as “The Juice” for his illustrious football career and later as a Hollywood personality, faced legal troubles in the 1990s. In 1994, he was tried and acquitted of the murders of his ex-wife, Nicole Brown Simpson, and her friend, Ron Goldman. However, in a subsequent civil trial in 1997, he was found …
How to Avoid Family Disputes During the Probate Process
The death of a loved one is heartbreaking. In the midst of grief, families often find themselves confronted with another complex problem: probate. In the state of New York, probate—the legal process of validating a will and distributing assets—can sometimes lead to family disputes, further adding to the stress during an already difficult time. In order to avoid fighting with …
What is a revocable versus irrevocable trust?
In the estate planning world, trusts are powerful tools to manage assets, protect legacies, and provide for loved ones. For individuals in New York, two common types of trusts often come into consideration: the revocable trust and the irrevocable trust. Both trusts offer their own advantages. It’s important to know the difference between the two in order to decide which …
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 …