Estate Planning And Administration

When an individual executes a trust instrument or a will, their intent is to have their assets distributed according to their desires. They may fear that their directions will be challenged later in court, leading to infighting among beneficiaries. To prevent this,...

For many, probate court is one of the arduous aspects of estate administration. Probate is time consuming, public, and costs money. Thankfully, prudent estate planners can avoid probate in New York. Here are three such ways: Trusts Estate assets can be transferred...

You may have heard that you should avoid probate but many people in Williamsville are unfamiliar with the estate planning options that would achieve this goal. If a person only has a will when they pass or if they have no estate plan at all, their estate will need to...

Probate is a word that conjures both confusion and concern in New York residents. Though most individuals understand that probate has to do with what happens to a person's possessions after they die, many individuals do not have a deeper understanding beyond that...

Sound estate planning gives you a lot of control over your assets long after your gone. But estate planning isn’t just limited to who receives your assets. You can also utilize estate planning tools to try to control the behavior of your loved ones or motivate them...

Your parents took care of you when you were young, and now as they age you find yourself in a position where you need to take care of them. Sometimes this can be done at home for a while, but for many in Williamsville, the best choice is to put your elderly parent in...

Trusts are a popular estate planning vehicle for many in New York. They allow a person to pass their assets on to their heirs, with contingencies if they wish. In addition, trusts remain private and assets in a trust bypass probate -- an otherwise costly,...

Intestate succession is not a legal concept that many New Yorkers are familiar with. It refers to the system of beneficiaries that state law recognizes when a person dies without a valid will. If an individual owns property or assets at the time of their death and...

For many New Yorkers, creating an estate plan does not necessarily mean the process is completed once they have prepared the documents. Updating the plan to address life changes is also important. These changes can be within the family or based on outside...

People in New York State who are thinking about the future and gauging the importance of estate planning might have preconceived notions about it. The news is rife with people who had significant assets and left an estate plan – a will or trust – that heirs or...