Estate Planning And Administration

Death comes unexpectedly, leaving families to deal with both emotional and legal challenges. While grieving the loss of a loved one, many New York families face additional stress when they discover there's no will in place. This situation, known as dying intestate,...

An executor plays a crucial role in managing an estate after someone passes away. They must act in the best interests of the beneficiaries, adhering to the will and state laws. However, not all executors fulfill their duties responsibly. Here are signs of possible...

Imagine a time when you might be unable to make important decisions for yourself. It’s not something anyone likes to think about, but planning for the future is crucial. A durable power of attorney (POA) is a tool that can help ensure your wishes are carried out when...

Choosing to execute a will is a wise and responsible decision. A will allows you to live with peace of mind knowing that your property will go to those you want it to after you pass away. A will can also contain information on burial or funeral arrangements so your...

Joint ownership is a legal arrangement where two or more people own property together. This can apply to various assets, including real estate, vehicles and investments. Whether you're buying property with a spouse, sharing a bank account with a family member or...

In New York, a will is a crucial document that details how a person’s assets will be distributed and other issues are settled after they are gone. Having a will is a positive step as it ensures the person – known as the testator – sees their objectives are met and...

A family limited liability corporation, or family LLC, is a form of business organization that families can use to manage their wealth. A family LLC is also an estate planning device that can accomplish several goals, including avoiding probate and minimizing any...

When a Williamsville resident creates their will, they decide how their property will be distributed according to New York law. But what happens if some of their property lies in a different state? The answer hinges on various factors, including property type, value,...

There are fundamental parts of estate planning and the aftermath of a person’s death in New York that must be understood. One is probate. Probate can be confusing to some as there is legal nuance to sift through. For the executor and people who will receive property...