Why do I Need to Hire a New York Probate Lawyer? When you act as the executor for a loved one’s estate, you can feel overwhelmed. It is a daunting task for most people both logistically and emotionally. To begin with, the distribution of a loved one’s estate entails going through every single item. Why…
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ABOUT SPECIAL NEEDS TRUSTS ATTORNEYS IN BROOKLYN A trust is a relationship where a property is managed by a person for another person’s benefits. The person who is managing the property is called the trustee whereas the person who receives the benefits is called the beneficiary. There are different types of trusts. One type of…
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Living the Bachelor Life—Estate Planning for Single People Many people wonder if they even need Estate Planning on Long Island if they don’t have a spouse or kids. Let us give you a clear, unequivocal answer: yes, you do. Regardless of your family situation and circumstances, you should make a comprehensive estate plan. You need…
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Do(n’t)-It-Yourself – The Case Against DIY Estate Planning The advent of Pinterest and shows like Home Improvement has given the term “Do-it-Yourself” a plenteous boost. The popularity is trendy to the point of making several YouTubers and social media persons millionaires. How? They just have to be consistent with various DIY niches in fun, quirky…
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The Don’ts of the Estate Planning – Common Mistakes to Avoid When humans visualize a future for themselves, they think about events and milestones such as career success, having a partner(s), children, pets, owning a home, etc. You think about a future where you grow and become better than what you are today. From this,…
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Uncomfortable Conversations – Talking to your Parents about Estate Planning Even though it may sound a bit grim, but the eventual end of life is the only thing it guarantees. No living being can really escape it, we will all die someday. The fortunate ones out of us do it when they are old and…
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5 Reasons for You to Update Your Living Trust When you have finally settled down on the couch after that meeting with your attorney, the last thing you want to talk about it updating your living trust. We know what you’re thinking. It’s hard enough getting around to creating an estate plan the first time…
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Going Back to the Basics—What is a Trust? When we’re children, we look up to adults as a repository of knowledge. We listen to them because we think they know what they are doing. And we believe that one day something will click, and we will be as self-assured as all those adults around us.…
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Estate Planning Advice for Same-Sex Couples in the Bronx When the revolutionary designer Gianni Versace died with a gunshot wound, his live-in partner was not given any part in his state. Everything Versace owned, including his brand name, was passed down to his blood relatives, and his domestic companion got nothing out of his rightful…
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Estate Planning Mistakes People Make when Designating a Beneficiary If you are even slightly familiar with estate planning in the Bronx, you must have come across the term “probate”. This particular term is a reference to a legal procedure that is neither good nor bad. It may be helpful in some instances, but the general…
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