Wills

Household Debt Tops $14 Trillion as Mortgage Originations Reach Highest Volume Since 2005

Tuesday, March 17th, 2020

NEW YORK – The Federal Reserve Bank of New York’s Center for Microeconomic Data today issued its Quarterly Report on Household Debt and Credit, which shows that total household debt increased by $193 billion (1.4%) to $14.15 trillion in the fourth quarter of 2019. This marks the 22nd consecutive quarter with an increase, and the...  read more

What is the Probate Process Like?

Sunday, March 1st, 2020

When a person dies, their estate will go through the probate process. The main point of probate in New York is to examine the person’s will or other document to determine if it is valid and legally binding. If it is, the process can be quite short. If it’s not, however, or if there’s a...  read more

Do I Need to List Every Item I’m Leaving to Someone in My Will?

Wednesday, January 15th, 2020

If you have a lot of assets or a number of sentimental things you want to make sure are given to the right people upon your death, you may be tempted to sit down and write out a very long will that includes all of these items. This is certainly one option, but it does...  read more

Why You Shouldn’t Wait to Write Your Will

Wednesday, August 28th, 2019

Many people find the idea of writing their will a little morbid. After all, it does mean acknowledging that you’re going to die someday, and that’s not a pleasant thought. But putting off writing your will isn’t a good idea, even though it does mean thinking about things you might otherwise not want to contemplate....  read more

I Know Someone Will Challenge My Will – Can I Do Anything About It?

Monday, July 29th, 2019

Most people feel confident that their heirs are going to carry out their last wishes exactly as they have been laid out in their will. However, this is, unfortunately, not always the case. Wills can be challenged, and if you’ve had a major falling out with someone and removed them from the will, they’re likely...  read more

When Should You Make Changes to Your Will?

Sunday, June 30th, 2019

Changing your will isn’t something you should do lightly, but it is something that you may need to do on occasion. It’s important that you keep your will updated—if you don’t, parts of your estate may become tied up in probate court for months. It’s also possible someone could challenge your will if it appears...  read more

What Are My Duties as an Estate Executor?

Tuesday, April 30th, 2019

If you have been named the executor of a loved one’s estate, that person is trusting you to handle all of their affairs as they would wish. It’s an honor, but it can also be a difficult task. Before someone names you as their executor, they will likely ask if it’s a job you want....  read more

Tips for Selecting Your Executor

Tuesday, March 26th, 2019

When you die, you want to make certain that your estate is dispersed according to your wishes. Selecting the right executor is a key part of ensuring this occurs. The executor acts on your behalf and has all of the legal powers regarding your property as you did. They are able to pay your debts,...  read more

Wills vs Trusts – The Basics

Friday, February 1st, 2019

When it comes to determining how you will leave your assets to your heirs, you have a number of options. While most people think of a will as the main tool of estate planning, trusts are another great option. In fact, in many instances, a trust is a better option. Before you decide how to...  read more

Do You Need a Special Needs Trust?

Tuesday, January 15th, 2019

If you’re considering leaving your heirs property, money, and other assets, you may be looking at using a trust to do so. There are a number of benefits to a trust over simply distributing your items via a will. However, while wills are all fairly similar, there are different types of trusts that do different...  read more

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