What Happens if I Die without a Will?
What happens if I die without a Will featuring Daredevil Dan If a person dies without leaving a Last Will & Testament, that person has died intestate. Intestacy is the default rules in New York has as to who would inherit your property if you did not have a Will. It is codified in EPTL […]
What is a Probate Estate?
Probate is defined as the official proving of a Will. Many people think that when they create a Will all their assets will be distributed according to their will. This may not be the case. The only assets that can be administered according to the terms of the Will are assets in the probate estate. […]
Seven Benefits of a Revocable Living Trust
Many Americans simply leave a will to distribute their assets upon their passing. However, the creation of a Revocable Living Trust creates several benefits unavailable to those simply leaving a will. Here are seven benefits to creating a Revocable Living Trust 1) Avoiding Probate- A great benefit of a living trust is that it […]
The Power of the Power of Attorney
A power of attorney is a very interesting and possibly powerful document. The document gives a person you choose, your agent, the power to act for you. The powers given to the agent can be incredibly broad or very specific. For instance, you can narrowly tailor an agent’s power to act only for real estate […]
“Running Roughshod?” – A Case to Ponder
An important case has recently been decided and should be thoroughly reviewed by those who practice Article 81 Guardianship. In a bitterly split panel of the Appellate Division, First Department, the majority affirmed sanctions imposed on an attorney in an Article 81 guardianship hearing. The majority, however, reduced the amount of sanctions imposed. Justice Andrias […]