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....

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,...

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 bequeath...

A legal case regarding a New York trust has made its way to the United States Supreme Court. The outcome of its legal dilemma may have far-reaching effects on how trusts across the nation are taxed, and because this is a significant legal topic, this post will discuss...

The laws of the state of New York impose certain requirements on wills to make sure that they are authentic representations of the testamentary desires of individuals. Requirements such as witnesses and signatures are in place to help avoid later challenges to wills...

When two individuals own an account jointly, they may both use the funds in the account for their own benefit. Their creditors may pursue the funds when the individuals accumulate debts, and the individuals may transfer their rights in the account to others. It is not...

One of the main reasons that New York residents take the time to make clear estate plans is to save their loved ones from having to guess what their intentions were for the disposition of their end-of-life wealth and assets. An estate plan does not have to be...

Taking the time to develop an estate plan is important no matter one's age. While some like to put this off until later in life, it is often stressed that individuals understand what an estate plan can do, the different documents that make up an estate plan and the...

With regards to estate planning, many think that it is all about the future and later in life decisions. While it is important to take action to draft documents that detail what should happen at your death or in the event of incapacitation, it is vital for individuals...

A valid will can be an important part of a White Plains resident's estate plan, but it is an unfortunate fact that many people mistakenly believe that their wills meet all of the state's technical requirements. When a will lacks certain provisions or legal...