Month: November 2021
The formal requirements for a New York will
Most New Yorkers understand that a will must be written or it will not be enforced. This requirement is correctly stated, but it is only one of the many formal requirements for creating a valid will that will be enforced by New York Courts. Understanding the remainder...
Updating a will when getting remarried in New York
In Long Island and throughout New York City, creating an estate plan is important for everyone. This is especially true for people who have been lucky in life and accumulated substantial assets. For many, a will is their document of choice to ensure their property...
Estate planning mistakes to avoid with significant assets
Estate planning can be more difficult when you have significant assets. Your situation is more complex, and as a result, you need more detailed planning. Due to the complexity, you may be more likely to make mistakes while estate planning, especially if you are doing...
The value of a guardianship for an aging loved one
When you think about guardianship, maybe the first thing that comes to mind is guardianship of children in the event that their parents are no longer able to care for them (because of death, incapacitation, or some other reason). However, there is also guardianship...
Why do larger estates take longer to go through probate?
Proper planning can guide your estate efficiently through the probate process. However, even if you craft a valid will, your estate may still take months or even years to complete probate if you have a larger estate. This is because certain characteristics of a big...
When should you change or update your estate plan?
Too many New Yorkers view estate planning as a one-and-done process. In fact, an estate plan can be a fluid set of legal documents that change and need to be changed over time. There are many life events that can cause a person to want or need to change their estate...