September is World Alzheimer’s Month, calling attention and awareness to this devastating disease. It is also a time to reflect on how we should all be planning to help older family members and friends who have yet to get a handle on their estate plans. In some cases, a Manhattan…
New York estate probate cases in Queens and Brooklyn, as well as other counties throughout New York State, can become very complicated due to improper pre-death transfer of assets. In what has become a familiar occurrence, a close family member or confidant such as a health care aide, arranges for…
The Associated Press is reporting that Michael Jackson’s estate has generated $310 million since he died two years ago mired in debt, enough to allow officials to make a $30 million payment to his mother and three children. It must have taken an astounding amount of work to generate $310…
As the New York Probate Lawyer Blog recently reported, women in New York and elsewhere are resistant to planning their estate. A recent Forbes article encourages women to take the necessary steps. While women aren’t alone in their procrastination of estate planning in New York, they seem to take an…
Executors and other fiduciaries in New York, such as Administrators, are given numerous powers to help them handle estate settlement including the collection of estate assets. A fundamental job of a fiduciary such as an Executor in Manhattan or Westchester or other New York locality, is to protect and collect…
Brooklyn and Nassau estate attorneys, as well as those assisting their clients throughout all parts of New York State, are often confronted with a myriad of issues relating to Powers of Attorney, Health Care Proxies, Article 81 Guardianship and estate settlement. In a typical situation, an individual may have prepared…
A recent Forbes.com article by a Forbes Senior Editor makes the case for why women should be taking a more thorough approach to wills and estate planning in New York and throughout the country. The article leans on a recent survey by EZLaw, which the New York Probate Lawyer Blog…
A recent Wall Street Journal article reports that now is a good time to consider planning an estate in New York and elsewhere, given the volatility of the economy. With interest rates low and Congress increasing the federal gift-tax exemption to $5 million from $1 million for people until the…
A recent article on Forbes.com lays out the long-awaited guidance for executors of estates of people who died in 2010, explaining how executors can opt out of the estate tax and which tax rules apply to assets if they do. Being named an executor in a New York estate or…
Most would agree that the recent death of 27-year-old singer Amy Winehouse was tragic. Winehouse continually battled drug and alcohol addiction as her music made millions — including a song called “Rehab.” But she got her will right MSN Money reports. It leads a New York Estate Planning Lawyer to…