by Enea, Scanlan & Sirignano, LLP | May 7, 2020 | Wills & Trusts
For many years attorneys in New York have debated the merits of using a Revocable Living Trust (RLT) or a Last Will and Testament (LWT) as the estate planning tool of choice. The Covid19 pandemic with its resulting closure of the Surrogate’s Courts in New York State...
On behalf of Enea, Scanlan & Sirignano, LLP | Oct 23, 2019 | Wills & Trusts
Estate planning is an important legal process for everyone to take on but for many different reasons individuals choose not to do it. Some New Yorkers may not believe that they own enough property to make estate planning necessary, while others may simply not know...
On behalf of Enea, Scanlan & Sirignano, LLP | Sep 20, 2019 | Wills & Trusts
Effective estate plans include options. These may contain wills & trusts which can serve different roles. Each have advantage and disadvantages. One common option is for a person to own most of their assets in their name and use a will to govern their...
On behalf of Enea, Scanlan & Sirignano, LLP | Sep 6, 2019 | Wills & Trusts
Information about the location of important estate documents and access cannot die with the people who executed the documents. Storing information about estate matters such as wills & trusts and significant passwords is a vital part of estate planning. It may be...
On behalf of Enea, Scanlan & Sirignano, LLP | Aug 29, 2019 | Wills & Trusts
Extensive estate planning may lose its effectiveness if important documents and information is lost or stolen. Safeguarding information on important estate matters such as wills & trusts is essential to assure that family members can act on wills, trusts and other...
On behalf of Enea, Scanlan & Sirignano, LLP | Aug 9, 2019 | Wills & Trusts
People who write their own wills may save some money, but their estate and relatives may ultimately pay much greater costs for this false economy. Improperly drafted and self-prepared estate documents may not comply with New York’s laws governing wills &...
On behalf of Enea, Scanlan & Sirignano, LLP | Jul 31, 2019 | Wills & Trusts
Trusts are effective estate planning tools because they help New York residents protect the value of their end of life assets all while legally transferring property and wealth to the beneficiaries of their choosing. Trusts can be used for many purposes, such as...
On behalf of Enea, Scanlan & Sirignano, LLP | Jul 19, 2019 | Wills & Trusts
Children can be incredibly precocious and capable of understanding complex themes and ideas. However, most children develop on a relatively regular schedule wherein their ability to manage their own needs and affairs is not possible until they are nearing adulthood....
On behalf of Enea, Scanlan & Sirignano, LLP | Jul 9, 2019 | Wills & Trusts
A trust is a long-term planning device that may be incorporated into the estate plan of a New York resident. Many individuals choose to set up revocable trusts, which as the name implies, can be terminated, changed and modified. Irrevocable trusts, on the other hand,...
On behalf of Enea, Scanlan & Sirignano, LLP | Jun 12, 2019 | Wills & Trusts
A will is an important document that directs the distribution of a decedent’s end of life assets. It is through a will that a New York resident may stipulate how much money, if anything, they want to leave to their kids and grandchildren, whether they will...
